Our term deposits are part of the Government Deposit Guarantee (Financial Claims Scheme). For larger amounts please contact us to discuss your options. If the same term is no longer available, then the re-investment will be for the standard term closest to the original term.Īll term deposit rates are for amounts up to $1 million. Unless advised otherwise, the interest earned on your term deposit will be re-invested with your principal deposit. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity.
down the term and type of CD, you can compare banks and credit. Where terms exceed 12 months, interest is capitalised annually. You can find rates far higher than the national. typically offer higher interest rates than term deposits. Interest is paid on the date of maturity. same investment period as the term deposit will allow you to compare. Interest is calculated on the daily balance. Gross rate of interest before deduction of government earnings tax.
Interest rates and terms on offer may change at any time without notice. Defence Bank offers standard (available at all times) and premium (an occasionally offered special rate on non-standard period) terms. The best interest rates on CDs (certificates of deposit) currently top out at 5.83, depending on the term.
