Compare Bank SA Term Deposit Rates

If you’re looking for a term deposit account which will let you invest with just a small deposit and grow your funds over time, then the Bank SA term deposit account may be right for you. You can choose automatic reinvestment options and terms from one month to five years, and you have all of these options open to you whether you’re investing or $100,000 so why not find out more about how you can have your money working harder for you, without you having to work hard at all for it to grow.

Features of a Bank SA Term Deposit Account

Bank SA is part of one of Australia’s biggest banking groups and this gives you the peace of mind to invest with Bank SA and fix your investment, because you know they will be able to honour your deposit and your interest, even after the end of the Australian Government Guarantee. Other important features of the Bank SA term deposit account include:

• A minimum balance of just is required. This is a small price to pay for a fixed interest rate and a guaranteed return on any term you choose. Requiring such a small initial investment amount allows Bank SA to give you a taste of how term deposit accounts really work for a small commitment of your savings, and once you see how easy, safe and profitable a term deposit account can be, you can confidently invest more of your savings to earn a higher return.
• Can be used for business, personal or retirement needs. The Bank SA term deposit account can be opened and use as a personal or business investment and you can also choose to use the account as your DIY, or self-managed super fund.
• Your choice of short, medium or long term investments. You can choose to invest in a Bank SA term deposit account for anywhere between one month and five years and while the highest rates are usually earned on the longest terms, you can find the competitive Bank SA term deposit rates for the investment amount and term you are comfortable with, and those are the best for you.
• No paperwork to keep track of. You aren’t issued a statement during your investment term, and you really don’t need one either. When you account is opened, matures or is rolled over you will receive a Confirmation Certificate, and if you want to see how much interest you have earned to date, or when your term deposit matures, you can use phone or internet banking 24 hours a day, seven days a week from anywhere in the world.
• Online, branch or phone application options. You can choose the application method you feel most comfortable with for a Bank SA term deposit account. You can spend just 10 minutes completing an online application, speak to Bank SA over the phone if you would like advice on your choices, or visit a branch to discuss your options with a Bank SA team member face to face. No matter which application method you choose, you can make your investment deposit via BPAY so your account is activated as soon as possible, and earning you interest right away too.

Current Bank SA Term Deposit Rates

Before you choose a Bank SA term deposit account, you need to make sure the rates offered on your chosen investment amount and term are competitive because each provider will offer different rates on different terms and investment amounts, since each account has its speciality.

On an investment amount up to $5,000 with interest paid at maturity, or annually on investments longer than 12 months:

• You can earn 5.10% on a 6 month term deposit.
• You can earn 5.00% on a 9 month term deposit.
• You can earn 5.05% on a 12 year term deposit.

To compare the Bank SA term deposit rates with other top Australian providers, view the Savings Account Finder™ comparison tables here. When you have found the Bank SA term deposit options which best suit your needs, follow our secure links to an online application form so you can make sure you secure those great rates today and have your investment earning interest tomorrow.