Gold Term Deposit

Gold class, gold coin, gold medal, gold is the tops, the best, what we all aim for and to make sure you can enjoy your golden years in golden style you may want to consider a gold term deposit account. The account is not gold plated, but several Australian term deposit account providers have denoted the high returns and wealth-making capabilities of their top investment accounts by naming them the Gold Term Deposit:

The Newcastle Permanent Building Society Gold Term Deposit account has a minimum investment amount of $200,000 and will pay you 6.10% over six months on that investment.
The Bankwest Gold Term Deposit account requires a minimum $5,000 investment and will pay you 5.01% interest over six months.

Bankwest Gold Term Deposit Account

With a more inclusive minimum balance, the Bankwest Gold Term Deposit account may be where you start building your investment worth before taking it into the dizzying, multi-million dollar heights as the account does have a $2 million maximum investment amount.

Features of the Bankwest Gold Term Deposit account:

Minimum investment amount of $5,000. A $5,000 investment is no small savings amount and if you have been able to save up such an amount you want to make sure you are investing it somewhere safe. At the same time, you know how hard it was to build up your initial investment and you want to make the next earning step easier so you are also looking for a high interest rate too. The Bankwest Gold Term Deposit account offers both security and a high interest rate for your hard earned savings.
Bankwest is a AA rated bank. This puts the security of your term deposit investment with Bankwest right up there with the Big Four banks of Australia, all of whom also have a AA credit rating. The credit rating of the bank holding your term deposit account is important if you are planning to invest for longer than two years, as the government is planning to retire its deposit guarantee scheme in October 2011.
You can earn 5.01% interest on a six month term. This is a very attractive six month term deposit rate and not one which can be beaten by many other providers. In this way Bankwest is giving you the opportunity to build your savings over a short time, both recognising that you may need access to such a significan’t investment in the near future, and that interest rates are on the rise and in six months’ time the term deposit rates they are able to offer could be even better.
Guaranteed interest and no bank fees if you make no withdrawals. The Gold Term Deposit account does not allow you to access your funds during the term, and also charges no opening or transaction fees.
A 10 day grace period to decide on reinvestment options. At the end of your term you have 10 days to decide whether you want to roll over your investment, reinvest just the interest or withdraw your interest and your principle and follow other investment options.
You can open the account over the phone or in person. If you are not an existing customer you will need to verify your identity in your application, and you can call Bankwest during the week, or visit a branch to discuss your options in person.

Newcastle Permanent Gold Term Deposit

When you have several hundred thousand dollars to invest, you want to be absolutely sure that you are investing it somewhere safe and somewhere it is going to be able to grow. If you are looking for a secure and guaranteed investment for your significan’t investment, Newcastle Permanent Building Society also has a Gold Term Deposit account for you to consider:

Minimum investment amount of $200,000. When you are investing such a significan’t amount of money, and in some case much more than the minimum balance required for the account, the term deposit provider is willing to offer you much higher rates of interest to attract your business. Therefore, if you have $200,000 or more to invest, you want to invest it in an account which is specifically designed to target such sizable investments because you will get the best returns.
A 6.10% interest rate for a 12 month investment. Newcastle Permanent offers you this interest rate guaranteed on their Gold Term Deposit account for the entire term. There are few alternative investment options which will guarantee your rate of return on $200,000 or more before your investment has even begun.
Your choice of investment terms and interest options. You can choose to invest from 21 days to five years and you can choose to have interest paid monthly, and on terms longer than a year you can choose monthly, quarterly or yearly interest payment.
You have a seven day transaction window prior to maturity. This means that you can make a withdrawal or a deposit before your investment matures and before you decide whether to reinvest your term deposit amount.
You can download an application form online. To apply you simply need to send back an application form and verify your identity at Bank@Post. To change your investment term you don’t even need to visit a branch.

If you want to compare the gold standard features of other Australian term deposit accounts with lower minimum balances or alternative investment terms, you can use the Savings Account Finder™ comparison tables here. When you have found your own personal gold term deposit, you can follow our secure links and in most cases start your application today.