ME Business Term Deposit

ME Business Term Deposit

Min. Opening Deposit


Account Keeping Fee


Meet the flexible business term deposit with competitive rates and no fees at all

  • Receive 2.75% p.a. on a 12 month investment
  • Peace of mind with a fixed interest rate
  • $0 setup and account keeping fees
  • Start with a small investment amount of $1,000

Product details

Earn 2.00% p.a. with a one month term deposit, or up to 3.00% p.a. over longer periods. Business term deposits, with their competitive rates and predictable returns can be an effective investment, and ME business term deposits in particular come with no fees at all, even for early withdrawals.

If you’re ready to close the account, remember to give notice ahead of time in order to earn full interest.

Product Name
ME Business Term Deposit
1 month interest rate
3 month interest rate
4 month interest rate
6 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 no matter how early you close it. Account holders will receive 30 days notice 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 rates for the duration of your term deposit, letting you know exactly what your returns will be.

Early withdrawal functionality

You can make early withdrawals with this account, ensuring your business retains access to funds. Instead of charging fees, ME will simply reduce the interest paid depending on how much of the term has elapsed. On early withdrawals, interest earned is reduced by 90%, 80%, 60%, 40% or 20%, if less than 20%, 40%, 60%, 80% or 100% of your term, respectively, has passed.

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.

Retain full access to term deposit funds

Partial withdrawals are not available. Accounts opened after 29 May 2015 can be withdrawn and closed without any prior notice, with no penalty other than the decreased interest earned for that term.

Flexible terms

Select terms ranging from 1 month to 5 years, to suit your business’ needs.

Choose how your interest is paid

Interest is calculated daily, and you can choose to have it paid monthly, quarterly, six-monthly or annually.

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

With this account, you may transact online or over the phone.

$1,000 minimum deposit

You cannot start a ME Business Term Deposit with less than $1,000. If you’d like to invest more than $1 million you 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
  • You never lose money


  • ME Bank has no branches. You’ll need to transact online or over the phone
  • 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 $1,000

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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6 Responses

  1. 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.

    • finder 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!


  2. 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
      April 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.


  3. Default Gravatar
    CaroleeMarch 14, 2018

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

    • finder 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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