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Community Sector Banking Term Deposit Accounts

Community Sector Banking Term Deposit Accounts

Min. Opening Deposit

1,000

Account Keeping Fee

0.00

Earn up to 1.25% p.a. and enjoy the security of guaranteed returns with a Term Deposit Account from Community Sector Banking.

  • $0 account keeping fees
  • Flexible terms 1 months to 5 years
  • Low minimum investment of $1,000
  • Automatic renewal facility

Product details

Community Sector Banking’s Term Deposit Accounts offer a safe and secure place for you to invest your money. With fixed interest rates of up to 1.25% p.a. providing guaranteed returns, Community Sector Banking offers accounts with terms ranging from 1 to 60 months.

The minimum investment required is $1,000 while there are no set-up or ongoing account-keeping fees that eat away at your balance.

Product Name
Community Sector Banking Term Deposit Accounts
1 month interest rate
0.50%
3 month interest rate
0.50%
4 month interest rate
0.75%
6 month interest rate
1.00%
9 month interest rate
1.00%
12 month interest rate
1.25%
24 month interest rate
1.50%
36 month interest rate
1.50%
48 month interest rate
1.50%
60 month interest rate
1.50%
Min Deposit
$1,000

What are the features of Community Sector Banking Term Deposit Accounts?

Fixed interest of up to 1.25% p.a.

Community Sector Banking Term Deposits feature fixed interest rates of up to 1.25% p.a. For investment amounts below $500,000, Community Sector Banking follows the interest rates set by its joint owner Bendigo Bank.

Interest calculated daily

Interest on your Term Deposit is calculated daily and credited to your account at a time that suits you. This allows you to choose a payment frequency that matches your financial needs and budget.

$0 set-up fees

There are no establishment fees payable when you set up a Term Deposit with Community Sector Banking.

$0 ongoing fees

There are also no account-keeping fees attached to your Term Deposit, which means you don’t have to worry about hidden charges eating away at your savings balance.

Terms from 1 to 60 months

Community Sector Banking offers a choice of 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, 48 months and 60 months, with 90- and 100-day terms also available.

$1,000 minimum investment

You will need to deposit at least $1,000 to open a Term Deposit with Community Sector Banking.

Special interest rates for deposits of over $500,000

If you have more than $500,000 to deposit, a Community Sector Banking Business Manager will help you negotiate a rate.

Add additional payments

Community Sector Banking offers the flexibility to add additional payments at maturity and further boost your investment balance.

Automatic renewal

Unless you provide written instructions to the contrary, when your deposit matures, Community Sector Banking will automatically renew your investment for the same term.

Launch term deposit calculator

Pros

  • $0 account keeping fees
  • Flexible terms 1 months to 5 years
  • Low minimum investment of $1,000
  • Automatic renewal facility

What you’ll need to know before applying

If you’d like to apply for a Community Sector Banking Term Deposit, click one of the “Apply now” links on this page. You will be securely redirected to the Community Sector Banking website where you can find a Term Deposit application form. Once completed, this form can be returned to the bank by post.

Information and documentation needed

You will need to provide the following information when filling out an application form:

  • Organisation details. You will need to enter the name, ABN/ACN and contact details of your business, as well as its industry.
  • Authorised signatories. Next, provide the names of everyone who will be an authorised signatory on the account, including specifying their account access level.
  • Deposit details. You will need to specify your chosen term, deposit amount, interest payment method and maturity instructions.

New customers will need to provide a range of additional information, including details regarding your company or business structure and information relevant to the US Foreign Accounts Tax Compliance Act (FATCA).

Proof of ID is also required for new customers, such as a driver’s licence, passport or proof-of-age card. Other forms of ID are also acceptable, so check the fine print on the application form for full details.

Eligibility criteria

You will need to satisfy the following eligibility criteria if you want to open a Community Sector Banking Term Deposit:

  • Organisation requirements. The following organisations are eligible to open an account: Australian and foreign companies, government bodies, partnerships, incorporated associations, unincorporated associations, co-operatives, trusts, super funds and sole traders.
  • Investment requirements. You will need to deposit a minimum of $1,000 to open an account.

Community Sector Banking Term Deposits offer a secure investment opportunity and guaranteed returns. Compare the interest rates and terms with the features of a wide range of term deposits from other financial institutions to find the best place to invest your money.

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