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Bank of Melbourne Term Deposit

Bank of Melbourne Term Deposit review. Rates up to 5.00% p.a.


Updated 3 December 2023

Top Pick
Bankwest Online Term Deposit
5.00%p.a. for 9 months

Interest paid at maturity

$1,000 minimum deposit

Interest Rates
$1,000+ deposit(% p.a.)
Term
Monthly
Interest
Interest
at Maturity/
Annually

1 month

-

1.25%

2 months

-

1.45%

3 months

-

3.55%

4 months

-

3.60%

5 months

-

3.70%

6 months

3.80%

3.80%

7 months

3.85%

3.85%

8 months

3.90%

3.90%

9 months

4.05%

4.05%

10 months

4.05%

4.05%

11 months

4.05%

4.05%

12 months

4.30%

4.30%

24 months

4.05%

4.05%

36 months

4.05%

4.05%

48 months

4.05%

4.05%

60 months

4.05%

4.05%

$1,000+ deposit(% p.a.)
Term
Monthly
Interest
Interest
at Maturity/
Annually

12 months

5.00%

5.00%

$5,000+ deposit(% p.a.)
Term
Monthly
Interest
Interest
at Maturity/
Annually

6 months

4.10%

4.10%

Product Details
With a Bank of Melbourne Term Deposit you can invest your money safely and know exactly what your return will be."
- Bank of Melbourne
Early withdrawal

•

31 days notice 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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