Greater Bank Term Deposit $5,000

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Great things are in store for your financial future when you invest in a Greater Bank Term Deposit.

Greater Bank offers its members a flexible term deposit account that lets you choose for how long your money is locked down, and when you receive your interest. Use your interest earned now to help supplement your income, or save that too for reinvestment later. Competitive interest rates will help you to meet your savings goals quickly, with no fees eating away at your balance.

Up to 1.25% p.a.

Interest rate

60 months interest rate

$5,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameGreater Bank Term Deposit $5,000
3 month interest rate0.65%
4 month interest rate0.60%
6 month interest rate0.75%
7 month interest rate0.60%
9 month interest rate0.60%
12 month interest rate0.85%
24 month interest rate1.00%
36 month interest rate1.10%
48 month interest rate1.20%
60 month interest rate1.25%
Minimum Opening Deposit$5,000
Minimum Age Requirement16
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

Monthly fees

There are no monthly or account keeping fees charged to you by Greater Bank.

Minimum deposit amount

With Greater Bank you are permitted to deposit as little as $5,000 to start your term deposit.


How to apply

Eligibility

You have the option of applying for the term deposit account at a Greater Bank branch or online. If you are already a member of the financial institution you can open a new term deposit through Internet banking, while new customers will first need to obtain membership. Before beginning, check to make sure that you are able to meet the eligibility requirements:

  • Minimum age. In order to apply for the term deposit you must be at least 16 years old.
  • Residency requirements. Only permanent residents are eligible for this account.

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6 Comments

  1. Default Gravatar
    mike
    June 19, 2017

    Why do the links to Greater Bank not working?

    • Avatarfinder Customer Care
      Rench
      June 19, 2017

      Hi Mike,

      Thanks for reaching out to us.

      I have tried clicking on the green ‘Go to site’ button above this page and it directed me to Greater Bank official site successfully. Please try to use another browser or there might be a setting in your browser that’s blocking the pop-up.

      Hope this helps.

      Cheers,
      Rench

  2. Default Gravatar
    greg
    June 18, 2017

    do deposits have the government guarantee

    • Default Gravatar
      Danielle
      June 18, 2017

      Hi Greg,

      Thank you for contacting finder.com.au. We are a comparison website and general information service, we’re more than happy to offer general advice.

      Yes. Greater Bank is subject to the same regulatory standards and rules as the major banks that are set by the Australian Prudential Regulation Authority (APRA) to protect you.

      I hope this helps.

      Cheers,
      Danielle

  3. Default Gravatar
    Alan
    June 16, 2017

    What is the term deposit interest rate for $15000 at 6 months?

    • Avatarfinder Customer Care
      Jason
      June 17, 2017

      Hi Alan,

      Thank you for your enquiry.

      The term deposit interest rate of Greater Bank Term Deposit for $15000 for 6 month term is 2.85 % p.a.

      You may compare the rates of Greater Bank Term Deposit with other term deposit accounts on this link for your reference.

      Kind regards,
      Jason

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