Bank of Melbourne Term Deposit
Bank of Melbourne Term Deposit review. Rates up to 3.90% at maturity.
Updated 3 July 2025
Fact checked and verified. Updated 3 July 2025
Interest Rates
$1,000+ deposit(% p.a.)
Term
Monthly
Interest
Interest
Interest
at Maturity/
Annually
at Maturity/
Annually
1 month
-
1.25%
2 months
-
1.45%
3 months
-
2.75%
4 months
-
2.90%
5 months
-
3.00%
6 months
3.00%
3.05%
7 months
3.15%
3.20%
8 months
3.20%
3.25%
9 months
3.25%
3.30%
10 months
3.30%
3.35%
11 months
3.90%
3.90%
12 months
3.70%
3.75%
24 months
2.75%
2.80%
36 months
2.85%
2.90%
48 months
2.85%
2.90%
60 months
2.85%
2.90%
Product Details
Get a fixed interest rate for your fixed term investment."
- Bank of Melbourne
Early withdrawal
•
31 daysnotice is required for early withdrawal of funds
•
$0 early withdrawal fee
•
An adjustment to your interest may apply
Feature
•
Option to pay interest monthly, half-yearly, annually, or at maturity
•
Investments between $1,000 and $2,000,000
TMD
Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.
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