In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • How to apply
  • Your reviews
  • Ask an expert
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Bendigo Bank term deposit (under $5000)

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Bendigo Bank Term Deposit - $0-$4,999
Interest rate 12 months interest rate
Up to 0.15% p.a.
Minimum opening deposit
Account keeping fee
Maximum deposit


Invest between $0 and $4,999, choose a term from 1 month to 5 years, and don’t pay any account keeping fees.

This term deposit by Bendigo Bank allows you to earn some interest on small deposit amounts between $0 and $4,999. The interest rates offered for deposits under $5000 aren't very high, however, balances above this earn a much higher rate.


  • A fixed interest rate with guaranteed returns
  • $0 account-keeping fees


  • Minimum investment of $0
  • Low rates

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • How to apply
  • Your reviews
  • Ask an expert


Key details

Product Name Bendigo Bank Term Deposit - $0-$4,999
3 month interest rate 0.05%
4 month interest rate 0.05%
6 month interest rate 0.10%
7 month interest rate 0.10%
9 month interest rate 0.10%
12 month interest rate 0.15%
24 month interest rate 0.15%
36 month interest rate 0.15%
48 month interest rate 0.15%
60 month interest rate 0.15%
Minimum Opening Deposit $0
Government guarantee Yes


Joint account availability Yes
Min Deposit $0
Available to children No minimum age

Low starting deposit

You can open a regular Bendigo Bank term deposit with a balance between $0 and $4,999. If you've got more to invest you can access higher interest rates with a Bendigo Bank term deposit $5,000+.

Lots of term lengths

You can choose a term length from as little as 3 months, to up to 5 years depending on how long you're able to lock your deposit away.

How to apply

To enquire online, visit Bendigo Bank's website. Someone will contact you about your application after submitting the form.


  • You're an Australian resident from a taxation point of view
  • You're over 18.

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July 20, 2023

What happens if i want to break the term deposit a couple of months early ? why does it take 31 days to get your money ?


Alison Banney Finder

July 21, 2023

Hi Adam, if you want to break your term deposit early you’ll need to give 31 days notice and an interest rate reduction may apply. This is because term deposits are designed to be locked until they mature – they’re not meant to be accessed early.



June 20, 2023

How do I take my money out of a term deposit on maturity date


Sarah Megginson Finder

June 23, 2023

Hi Sue Ellen,

On maturity date, you can withdraw funds by transferring them out of your term deposit account into an every-day transactional/savings account. You can do this online, through the app or at a branch.

Hope this helps!


Noel Briggs

August 04, 2022

If I invest in term deposit for 24 months with a deposit of $200;000 what will be my return and my % rate


Alison Banney Finder

August 08, 2022

Hi Noel,

If the interest will be paid at maturity, monthly, quarterly, and semi-annually, the rate is 2.85% p.a while the interest paid yearly gets 2.90% p.a (as of Aug 2022).

Kind regards,




February 18, 2019

What is the interest rate for a Term Deposit of $50,000, please?


Jhezelyn Finder

February 20, 2019

Hello Anthea,

Thank you for your comment.

The rates on the page above are for balances below $5000. The rate for a balance of $50,000 depends on how long the term is. For a balance of $50,000, the current interest rate for a 12 month term is 1.70% p.a., and the interest on a 24 month term is 1.95% p.a. These rates are correct as of 1st July 2019 and are subject to change.



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