Gateway Bank term deposit
Earn a fixed interest rate on a wide choice of terms with a Gateway Bank personal term deposit.
The Gateway Bank term deposit offers a large choice of term lengths between three months and five years. You'll earn a fixed interest rate on your deposit, which means you can have peace of mind knowing exactly what your investment will be worth when the term reaches maturity. There are no set up or ongoing account fees to pay.
|Product Name||Gateway Bank Ltd Term Deposit|
|3 month interest rate||0.65%|
|4 month interest rate||0.60%|
|6 month interest rate||0.70%|
|7 month interest rate||0.60%|
|9 month interest rate||0.60%|
|12 month interest rate||0.75%|
|24 month interest rate||0.65%|
|36 month interest rate||0.65%|
|48 month interest rate||0.65%|
|60 month interest rate||0.65%|
|Minimum Opening Deposit||$1,000|
|Minimum Age Requirement||18|
|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.|
No account fees
There are no set-up fees when opening this term deposit, and there are no monthly account fees either.
Wide range of term lengths available
There's a wide range of term lengths available, so you can choose one that's right for you from as little as three months to five years.
Deposits starting from $1,000
You can open a Gateway Bank term deposit with as little as $1,000.
Earn 0.6% on a 7-month term deposit
You'll earn a competitive, fixed interest rate of 0.6% on a 7-month term. Interest rates for different term lengths are shown in the table above.
Deposits up to $250,000 are guaranteed by the Australian government
Your deposit up to $250,000 with Gateway Bank is covered by Australian government under the Financial Claims Scheme.
How to apply
You can apply for a Gateway Bank term deposit online.
- Age. You must be over 18 years old to open this account.
- Residency. You're an Australian resident with an Australian residential address.
- Identification. You'll need to provide your driver's license, Medicare or passport details so Gateway Bank can verify your identity.
- Bank account details. The details of your Australian bank account where you want your interest to be paid.
- Tax file number. This is to make sure you're taxed at the appropriate rate.