Bendigo Bank term deposit

Invest any amount from $1,000, choose a term from one month to five years, and don’t pay any account keeping fees.

Bendigo Bank enables you to make short-term and long-term savings plans through its term deposits, and you get to choose from regular and gold term deposits. With a regular term deposit you can choose between different terms, and with a gold term deposit you can withdraw up to 25% of your original deposit any time you want.

The below interest rates are for balances between $1,000 to $4,999 only. Balances above this earn a higher rate.

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Product NameBendigo Bank Term Deposit $0 - $4,999
3 month interest rate0.05%
4 month interest rate0.05%
6 month interest rate0.10%
7 month interest rate0.10%
9 month interest rate0.10%
12 month interest rate0.15%
24 month interest rate0.15%
36 month interest rate0.15%
48 month interest rate0.15%
60 month interest rate0.15%
Minimum Opening Deposit$1,000
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Low starting amount

You can open a regular Bendigo Bank term deposit with as little as $1,000, whereas many other banks require you to start with $5,000 or $10,000. For a gold term deposit, the minimum required is $2,000.

Variable terms

The term you choose depends on the duration of time you can do without the money you wish to invest, and you can choose from terms in between one month and five years. With the gold term deposit, you can only get a 12 months term.

How to apply

To enquire online, visit Bendigo Bank website.


Before you decide opening a Bendigo Bank term deposit bear in mind you have to meet certain eligibility criteria, which are as follows.

  • You're an Australian resident from a taxation point of view
  • You meet Bendigo Bank's minimum age requirement

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    Default Gravatar
    February 19, 2019

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

      Avatarfinder Customer Care
      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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