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Teachers Mutual Bank Edvest Term Deposit

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Teachers Mutual Bank’s Edvest Term Deposit offers teachers an opportunity to build wealth and financial security.

With as little as $5,000 to get started, this term deposit account delivers a fixed rate of return and no accounting fees, so you can make a planned investment for the nominated period. Exclusive to Edvest members, this account is available for periods of three to 36 months, with free internet and phone account management the entire time. For deposits of $5,000 or more, you can enjoy competitive interest rates.

Up to 1.15% p.a.

Interest rate

12 months interest rate

$5,000

Minimum opening deposit

$0

Account keeping fee

$499,999

Maximum deposit

Details

Product NameTeachers Mutual Bank Edvest Term Deposit ($5,000)
3 month interest rate1.05%
4 month interest rate1.05%
6 month interest rate1.05%
7 month interest rate1.05%
9 month interest rate1.05%
12 month interest rate1.15%
24 month interest rate1.15%
36 month interest rate1.15%
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

Get flexible terms

Choose your own investment period of 3 to 36 months, and know exactly how much interest you will earn during it.

Low minimum, high maximum balance

Deposit as little as $5,000 into the Edvest Term Deposit Account to get started, and deposit up to a maximum of $499,999 to grow your savings faster.

Launch term deposit calculator


How to apply

It takes only a few minutes to open an Edvest Term Deposit Account online.

Eligibility

Make sure you meet all eligibility requirements before starting.

  • Age. You must be at least 50 years old to qualify for Edvest membership.
  • Residency. Only Australian citizens and permanent residents can apply.

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6 Comments

  1. Default Gravatar
    ANTHONY
    August 2, 2019

    is the interest paid fortnightly

    • Avatarfinder Customer Care
      Faye
      August 3, 2019

      Hi Anthony,

      Thanks for contacting Finder.

      Interest can be paid monthly, 12 monthly or at maturity on the Member, Edvest, Rewards Package and Customer Term Deposits and fortnightly on the Edvest Term Deposit.

      I hope this helps.

      Kind Regards,
      Faye

  2. Default Gravatar
    Shane
    April 15, 2018

    Could you please furnish details of changes to take place re Deeming Accounts in July 2018.
    Thanks,
    Shane

    • Avatarfinder Customer Care
      Jeni
      April 16, 2018

      Hi Shane,

      Thank you for getting in touch with finder.

      If you are pertaining to deeming accounts from Teachers Mutual Bank, kindly contact them directly regarding this matter.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      You may also want to check out this link for some list of banks that offer deeming accounts.

      In addition, this link has more deeming info which could be helpful on your enquiry regarding changes that will take effect on July this year.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  3. Default Gravatar
    Jennifer
    February 14, 2018

    Do you have a super fund attached to Teachers Mutual?

    • Avatarfinder Customer Care
      Jonathan
      March 6, 2018

      Hi Jennifer, thanks for your inquiry.

      Teachers Mutual Bank uses Bridges financial planner as their Superfund manager. You can contact them on 13 12 21.

      Best regards,

      Jonathan

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