MyLife MyFinance Term Deposit

Earn up to 1.1% on a 12 month term deposit with MyLife MyFinance.

The MyLife MyFinance Term Deposit account offers fixed interest rates on term lengths between one month and two years. Customers can enjoy a rate of up to 1.1% on a 12 month term. Different rates apply for different term lengths, as shown in the table below.

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Product NameMyLife MyFinance Term Deposit
3 month interest rate0.80%
6 month interest rate0.85%
9 month interest rate0.99%
12 month interest rate1.10%
24 month interest rate1.20%
36 month interest rate1.35%
48 month interest rate1.45%
60 month interest rate1.55%
Minimum Opening Deposit$5,000
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

Competitive fixed interest rates

You'll benefit from a fixed interest rate when you lock your money into this term deposit, so you can have peace of mind knowing the interest rate won't change for the life of the term.

How to apply

You can apply online in 10 minutes. Make sure you meet the account eligibility requirements and have the following information ready before you start the application.


  • Minimum age. You need to be over 16 years old to apply for this account.
  • Residency. You need to be an Australian resident with an Australian residential address.

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    Default Gravatar
    December 18, 2021

    Is this term deposit covered by the Financial Claims Scheme?

      Avatarfinder Customer Care
      January 12, 2022

      Hi Sue,

      Yes, MyLifeMyFinance Limited is covered under the Financial Claims Scheme.

      You can find a full list of the authorised deposit-taking institutions covered under the Financial Claims Scheme here.


    Default Gravatar
    September 6, 2019

    Who owns MyLifeMyFinance?

      Default Gravatar
      September 7, 2019

      Hi Kay,

      Thanks for your message. MyLife Finance is the only bank in Australia that is 100% owned by an industry super fund. You can find more information about this company when you visit their official website. Hope this helps and feel free to reach out to us again for further assistance.


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