ME Business Term Deposit

ME Business Term Deposit

Min. Opening Deposit


Account Keeping Fee


This term deposit is available to businesses and SMSFs and offers a fixed interest rate on terms between 1 month to 60 months.

  • Receive 1.70% p.a. on a 6 month investment
  • Peace of mind with a fixed interest rate
  • $0 setup and account keeping fees
  • Start with an investment amount of $5,000

Product details

Invest your money for a term length that suits you, between 1 month to 60 months at a time, and enjoy a fixed interest rate on your funds while paying no account fees. The ME Business Term deposit is suited to business and SMSF customers looking for a safe and secure way to invest their funds, offering up to 1.60% p.a. on 7 month terms.


The ME Business Term deposit is suited to business and SMSF customers looking for a safe and secure way to invest their funds.

Product Name
ME Business Term Deposit
1 month interest rate
3 month interest rate
4 month interest rate
6 month interest rate
7 month interest rate
9 month interest rate
12 month interest rate
24 month interest rate
36 month interest rate
48 month interest rate
60 month interest rate
Min Deposit
Minimum Age Requirement

What are the features of the ME Business Term Deposit?

Guaranteed returns

You cannot lose money by depositing it into a ME Business Term Deposit. There are no fees, and you will always earn some interest, even if you need to withdraw the money early before your term reaches maturity. Account holders will receive 30 days notice by ME if this is set to change.

Zero fees

There are no fees at all for ME Business Term Deposits, letting you keep your business funds secure, while simultaneously earning interest.

Fixed rates

Enjoy fixed interest rates for the duration of your term deposit, giving you peace of mind and allowing you to calculate the exact return you'll make on your investment. Each term length offers a different fixed interest rate as shown in the table above.

Flexible terms

Select terms ranging from 1 month to 60 months, to suit your business' needs.

Early withdrawal functionality

You can make early withdrawals with this account by giving ME 31 days notice. Instead of charging fees for early withdrawals, ME will reduce the interest paid depending on how much of the term has elapsed. For example if less than 20% of the term length has passed, there will be a 90% reduction in interest. However, if over 80% of the term length has passed, you'll only have your interest reduced by 20%.

Automatic reinvestment upon maturity

If ME has not received instructions two days or more before the account reaches maturity, your money will automatically be reinvested with the same terms, at current term deposit rates.

Choose how your interest is paid

Interest is calculated daily, and you can choose to have it paid monthly, annually or at maturity.

Linked account

You will need to have a linked account, from any institution, to open a ME Business Term Deposit. Only one account can be linked at a time. Interest is paid to this linked account, and any overdraws will be taken from this linked account. Compare other ME products.

Simple transaction options

You can keep an eye on your account via Internet banking or using the ME mobile banking app.

Minimum deposit of just 5000

The minimum deposit requirement to open a ME Term Deposit is just $5,000. For balances above $2 million customers should contact ME directly.

Joint accounts available

You can open a joint term deposit with up to one other account holder.

Launch term deposit calculator


  • A true zero fee account, with no fees at all
  • Flexible term options, from as little as 1 month
  • Choose ahead of time whether to reinvest for another term or close the account
  • Peace of mind with fixed interest rates


  • ME Bank has no branches. You’ll need to transact online
  • Interest reduced for early account closure

How to open a ME Business Term Deposit

If the ME Business Term Deposit is right for your needs, here's what you'll need for your application.

Eligibility to apply

  • It is for business, and not personal or domestic uses, only.
  • You are at least 18 years old
  • You are making an immediate deposit of at least $5,000

Documentation required

You may need to provide:

  • Your business name and/or ABN
  • Personal identification
  • Details of your linked account

What happens after I apply?

After your term deposit account is opened, you can make your initial deposit using direct debit or BPAY. You can then start to invest your funds for the term you would like.

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8 Responses

  1. Default Gravatar
    carolOctober 4, 2019

    Are they any special 6 months term for $1,600 or special rates for deposits over $1,000?

    • Avatarfinder Customer Care
      AshOctober 4, 2019Staff

      Hi Carol,

      Thanks for contacting Finder.

      No, there is no special rate for 6 months term at it is at 2.05%. Kindly take note that the minimum investment amount for the ME Business Term Deposit account is $5,000 so there will be no other rates for deposits between $1,000 to $1,600. All their interest rates applies for investments amounting from $5,000 up to $2,000,000. For deposit amount more than $2,000,000, you need to contact ME Bank for their rates.

      I hope this helps!


  2. Default Gravatar
    GeoffreyApril 22, 2018

    I wish to invest in a term deposit for my SMSF. Do I need to lodge a copy of the Trust Deed when applying for a term deposit? Money would be transferred from my SMSF Business Account at an Australian bank.

    • Avatarfinder Customer Care
      JeniApril 22, 2018Staff

      Hi Geoffrey,

      Thank you for getting in touch with finder.

      The documents you need to supply when opening an SMSF term deposit will vary depending on whether your SMSF has an individual or corporate trustee structure. For SMSFs with individual trustees you will need to provide a certified copy of the relevant sections of the SMSF trust deed that clearly state:

      -The name of your super fund
      -The individuals listed in the application as the fund members and trustees

      If the trustee of your SMSF is a company, your bank will need certified copies of the sections of the SMSF trust deed that identify the corporate entity as the trustee and the individuals listed as members.

      You may also want to check out this link for more info on SMSF term deposit.

      I hope this helps.

      Have a great day!


  3. Default Gravatar
    JohnApril 19, 2018

    Is ME Bank an ADI and is the ME Business Term Deposit covered by the government guarantee up to $250,000?

    • Default Gravatar
      Ash MunozApril 19, 2018

      Hi John,

      Thank you for visiting finder.

      Yes, ME (Member’s Equity) Bank is an Authorised Deposit-taking Institutions (ADIs) and the ME Business Term Deposit is covered by Government Guaranteed Scheme wherein $250,000 is insured for every account-holder.

      Please check our page here to learn more how your savings being protected by this scheme.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.


  4. Default Gravatar
    CaroleeMarch 14, 2018

    Regarding ME Bank do they do term deposits for Self managed super funds?

    • Avatarfinder Customer Care
      RenchMarch 20, 2018Staff

      Hi Carolee,

      Thanks for your inquiry.

      Yes, ME Bank Business Term deposit can boost your self-managed super fund (SMSF).

      You can check this by visiting ME Bank official site or contact ME Bank directly.

      Best regards,

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