Lock away your money with the certainty of a fixed interest rate and a choice of terms

Term deposit with interest paid fortnightly or monthly is optionally available for terms of 3 months or longer at a rate of 0.10% pa below the published rate. Interest is calculated on a per annum basis. For term deposit of $1m and over, rates are by negotiation and subject to acceptance.

Terms Under $5,000
no new deposits
$5,000 - 
$99,999.99
$100,000 - 
$249,999.99
$250,000 - 
$999,999.99
3 months 1.80% pa 2.40% pa 2.45% pa 2.50% pa
4 months 1.80% pa 2.55% pa 2.60% pa 2.65% pa
5 months 1.80% pa 2.70% pa 2.75% pa 2.80% pa
6 months 1.95% pa 2.95% pa 3.00% pa 3.05% pa
7 months 1.95% pa 4.00% pa 4.00% pa 4.00% pa
8 months 1.95% pa 3.20% pa 3.25% pa 3.30% pa
9 months 1.95% pa 3.25% pa 3.30% pa 3.35% pa
10 months 1.95% pa 3.35% pa 3.40% pa 3.45% pa
11 months 1.95% pa 3.40% pa 3.45% pa 3.50% pa
12 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa
13-15 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa
16-18 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa
19-21 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa
22-24 months 2.15% pa 3.70% pa 3.75% pa 3.80% pa
25-30 months 2.15% pa 3.55% pa 3.60% pa 3.65% pa
31-36 months 2.15% pa 3.55% pa 3.60% pa 3.65% pa

 

 

How to apply for a Term Deposit

If you’re a new customer, you will need to become a member with Australian Mutual Bank (please fill out our Online Membership Application Form) and register for Internet Banking. Once this is done you can log in and create your Term Deposit online.

Alternatively, you can call us on 13 61 91, or visit one of our branches and apply in person. A list of branch locations can be found here.

If you’re an existing member, you can create a Term Deposit by logging into your Internet Banking account and following the steps below:

  1. Log into Internet Banking
  2. Click 'Products' from the top navigation and select 'New Term Deposit'
  3. Read the Terms and Conditions and follow the prompts
  4. Choose the deposit amount and term period and click OK
  5. Click on the relevant interest rate (which will appear in the table underlined, in blue) to continue
  6. In the next screen the details of your chosen term will display, and you will be invited to select the internal account you wish to transfer money from
  7. Select the amount and maturity date
  8. Choose what you would like to do at the end of the term (rollover the term deposit or transfer the funds to your account)
  9. Choose what you would like to do with your interest (reinvest in your term deposit or transfer the funds to your account)
  10. A confirmation screen will appear. Please click 'Confirm' if all the details are correct

Alternatively, you can fill out this online form, call us on 13 61 91, or visit one of our branches and apply in person. A list of branch locations can be found here.

Looking for more information?

Enquire about our Savings Accounts and Term Deposits. Reach your goals sooner.

 

The Privacy Act requires us to tell you about how we collect and use your personal information. We explain this in our Privacy Policy which is available here.

Why choose Australian Mutual Bank?

Footnotes:

  • 1 Applicable up to $1,000,000 in aggregate for this special offer, and for a single term. Offer is available for a limited time and may be withdrawn at anytime. Interest at maturity.

Different Terms available at request

Retail deposits only. Amounts of $1,000,000 or more are by acceptance and rates will be negotiated

Interest will be credited at maturity and annually for terms over 12 months. Terms greater than 3 months can be paid monthly or fortnightly at a rate of 0.10% p.a. below the published rates. Interest will only be compounded to the principal at maturity. Interest payments made other than on maturity will be credited to an allocated savings account or transferred electronically to a previously agreed external account.

Early redemption rate: 0.05%