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Firstmac Term Deposit

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Even with a financial goal in the very near future the Firstmac Term Deposit’s competitive rates could make sure you meet it.

Firstmac offers its members a flexible term deposit where even with its shorter terms you are still earning a high interest rate. The interest rate is fixed, and you are given options for receiving payments, making it easy to plan for a future expense. If you like the idea of getting long term rates for a short term investment, than add this term deposit to your list of those worth considering.

Up to 0.5% p.a.

Interest rate

12 months interest rate


Minimum opening deposit


Account keeping fee


Maximum deposit

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Product NameFirstmac Term Deposit
3 month interest rate0.30%
6 month interest rate0.35%
12 month interest rate0.50%
24 month interest rate0.50%
Minimum Opening Deposit$5,000
Minimum Age Requirement12
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.

Key features

Minimum investment amount

With Firstmac you can open a term deposit with $5,000 or more.

Special provision for minors

A term deposit may be initiated for a minor under the age of 18 with a minimum deposit amount of $500.

How to apply


With Firstmac you can apply for its Term Deposit online in just a few minutes. Before you begin your online application you should check to ensure that you are able to meet the eligibility requirements:

  • Minimum age. Account holders are required to be at least 18 years of age, although there are special concessions made for younger Australians who wish to open a term deposit with Firstmac.
  • Residency requirements. You must be an Australian resident with a residential address in order to be considered for a term deposit account.

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  1. Default Gravatar
    July 1, 2019

    Who is Firstmac?

    • Avatarfinder Customer Care
      July 1, 2019

      Hi Rosy,

      Thank you for your comment.

      Firstmac is a privately-owned company that has been in business for nearly 40 years. The products that they provide are straightforward home loans and car loans for everyday Australians who are looking for an alternative to the major banks.

      For more details about Firstmac, kindly visit their website.


  2. Default Gravatar
    May 28, 2019

    Hi there,
    If I had $1.2M of spare business cash, were should I look to park it in order to gain a maximum return? The cash may be required for a purchase such as property so may need access within 6 months.

    • Avatarfinder Customer Care
      May 30, 2019

      Hi Andy,

      Thank you for getting in touch with Finder.

      Since there’s no maximum amount listed on this Firstmac term deposit review page, you may invest your money with them for 6 months and you’ll earn 2.45% p.a. which will be paid to your account monthly. If you’re looking around, you may check out this page to compare your term deposit for 6 months options. Please make sure that you’ve read the relevant T&Cs or PDS of the term deposit account to help consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    May 27, 2019

    Where is Firstmac based

    • Default Gravatar
      May 27, 2019

      Hi Kerry,

      Thanks for your inquiry.

      Firstmac is based in Riverside Centre in Brisbane, Queensland.

      I hope this helps.

      Kind regards,

  4. Default Gravatar
    May 24, 2019

    hi Shirley,
    I am interested in Investing $5000 in Firstmac 6 month term deposit and tried to use the calculator at the top right hand of the page, but I did’nt find any calculator to suit what I was interested in . Please let me know what I am doing wrong?

    • Default Gravatar
      May 25, 2019

      Hi Denzil,

      Thanks for getting in touch with Finder!

      Here is our page for the term deposit calculator. Due to the structure of a term deposit account the calculated amount showing should be fairly accurate, although there may be other factors not taken into consideration that could affect the amount of interest paid to you.

      There are other variables to consider with a typical high-interest savings account that are not needed with the term deposit calculator. If you are interested in comparing the interest earning benefits of both types of accounts, you can also access a savings account calculator through our site.

      Let me know if you have other questions, I’d be happy to help.


  5. Default Gravatar
    May 18, 2019

    Are investment funds in Firstmac guaranteed by the Australian government up to $250k?

    • Avatarfinder Customer Care
      May 19, 2019

      Hi Colin,

      Thank you for reaching out.

      Yes, it is covered. As per Firstmac;s term deposit terms and conditions, the Firstmac deposit products are covered by the Australian Government Guarantee. The Australian Government automatically guarantees deposits which are placed with an Authorised Deposit-taking Institution (ADI), up to the balance of $250,000. Firstmac deposits are issued by Goldfields Money Limited, a registered ADI under the Financial Claims Scheme. The sum of all balances held by you in Firstmac and Goldfields Money deposit accounts are covered by the Australian Government guarantee, up to the balance of $250,000.

      Hope this helps! 😊

      Kind Regards,

  6. Default Gravatar
    May 10, 2019

    I am an Australian citizen living abroad. I do not have a place of residence in Australia but I do have an account with an Australian Bank. I am interested in your term deposit. My question is am I eligible to apply?

    • Avatarfinder Customer Care
      May 11, 2019

      Hi Christian,

      Thank you for reaching out.

      Firstmac requires that you must be an Australian resident with an Australian residential and mailing address to be eligible to apply for their term deposit. You can reach out to Firstmac to check if that can be overridden provided that you have an active Australian bank account.

      Hope this helps! 😊

      Kind Regards,

  7. Default Gravatar
    May 19, 2017

    Hi i have some money i need to invest compo payout from injury, partner no income(cancer) and i have child at school yr 11
    I bought a house fully paid for i have 550k to invest term deposit or stock market it will still leave me fund in account to live for 2-3yrs if iam careful , not sure what to do.All money has to last 16years before i can get assistance(preconclusion period) so if i could get 550k to work safely for a few years i should be able to make it(i have a disability) any cheers needing help

    • Default Gravatar
      May 19, 2017

      Hi Jay,

      Welcome to – a financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.

      On page – , we’ve listed some of the Term Deposit accounts and you can also find our calculator on top of the table where you can enter your intented investment and period/term and compare the accounts in terms of interest earnings. Once you’ve chosen a term deposit account, you can click on the green “Go to Site” button to open an account and to get more details on the product.

      Hope this helps.


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