Circle Alliance Bank Term Deposit Account

Enjoy returns of up to 0.15% p.a. and a wide choice of terms when you open a term deposit with Circle Alliance Bank.

If you’re looking for somewhere safe and secure to invest $1,000 or more, a Circle Alliance Bank Term Deposit could be just what you’re searching for. Providing guaranteed returns from fixed interest rates of up to 0.15% p.a., a range of term deposits are available with terms ranging from one month to five years. Take a closer look at the features offered by these accounts to decide whether a term deposit could be right for you.

No reviews yet. Write a review

Alison Banney

Last Updated Dec 31, 2020

Up to 0.15% p.a.

Interest rate

12 months interest rate

$1,000

Minimum opening deposit

Account keeping fee

$4,999

Maximum deposit

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	Circle Alliance Bank Term Deposit (Below 5K)
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	$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.

Joint account availability	No
Min Deposit	$1,000
Available to children	No minimum age

Pros

Terms ranging from 1 month to 5 years.
No ongoing fees.
Minimum investment of $1,000

Cons

Can not access your money for the length of the term

Alison Banney

twitter linkedin

Alison Banney is the banking and investments editor at Finder. She has written about finance for over 8 years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

Key features

Earn up to 0.15% p.a..

Circle Alliance Bank Term Deposits pay competitive fixed interest rates of up to 0.15% p.a.. on your investment between $1,000 and $4,999 , allowing you to enjoy guaranteed returns. Rates are tiered depending on the balance you invest:

$1,000–$4,999

$5,000–$250,000

Over $250,000

Terms ranging from 1 month to 5 years

Circle allows you to choose your investment period from the following terms: 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 12 months, 15 months, 24 months, 36 months, 48 months or 60 months.

Minimum investment of $1,000.

You'll need to invest at least $1,000 if you want to open an account.

No maximum investment

There is no maximum limit on the amount you can invest in a Circle Alliance Bank Term Deposit, so you can deposit as much money as you would like and then sit back and watch it grow. The more you invest, the better the interest rate will be.

Interest paid quarterly, half-yearly, yearly or at maturity

Depending on the length of your term, you can choose to have interest on your deposit paid quarterly, half-yearly, yearly or at maturity. Rates vary depending on the interest payment frequency you choose.

No ongoing fees

There are no monthly account-keeping fees attached to Circle Alliance Bank's range of term deposits.

Launch term deposit calculator

How to apply

If you're looking for a term deposit account with a competitive fixed interest rate, click on one of the "Find out more" links on this page. This will take you to the Circle Alliance Bank website where you can find more information about Circle's range of accounts and also download an application form.

Application options

You can download a term deposit application form from the Circle Alliance Bank website. To complete the form you will need to provide:

Personal details. These include your full name, your Circle Alliance Bank membership number and your signature.
Tax file number. You can provide your tax file number or exemption if you wish, but this is not a compulsory requirement.

Account details. You'll need to specify the type of account you would like to open and how you would like to manage your account.

Eligibility

You will need to satisfy the following eligibility criteria in order to open a term deposit with Circle Alliance Bank:

Membership requirement. You must be a member of Circle Alliance Bank to apply.
$1,000 deposit requirement. You must invest at least $1,000 to be eligible to open an account.

Documentation needed

You'll need to become a Circle Alliance Bank member before you can sign up for an account, so you will need to fill out a membership application form and purchase a $2 membership share. The form is available for download from the Circle Alliance Bank website.
You will need to provide the following details to complete the application form:

- Personal information. You will need to supply your full name and date of birth, your gender, and your citizenship and residency details.
- Contact information. Next, provide your mailing address and your phone and email contact details.
- Employment information. You will need to supply the name of your employer and your occupation title.
- Proof of ID. You will need to provide valid proof of ID, for example, your current driver's licence or passport.

With competitive fixed rates and a wide range of terms available, CIRCLE Alliance Bank's range of term deposits is well worth a look if you want a safe and secure investment. See how they stack up against similar accounts from other financial institutions before deciding where to invest your money.

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

Banking

Investments

Banks

Circle Alliance Bank Term Deposit Account