Term Deposit for Edvest Members
Take advantage of great returns on our term deposits.
- Fixed rate
- 5.3%
- 365–394 days
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Fixed | 4.85% | Term Deposit for Edvest Members_Tier_1Term Deposit for Edvest Members_Tier_1 | every 119 days |
| Fixed | 4.85% | Term Deposit for Edvest Members_Tier_2Term Deposit for Edvest Members_Tier_2 | every 119 days |
| Fixed | 4.05% | Term Deposit for Edvest Members_Tier_1Term Deposit for Edvest Members_Tier_1 | every 149 days |
| Fixed | 4.05% | Term Deposit for Edvest Members_Tier_2Term Deposit for Edvest Members_Tier_2 | every 149 days |
| Fixed | 4.05% | Term Deposit for Edvest Members_Tier_1Term Deposit for Edvest Members_Tier_1 | every 179 days |
| Fixed | 4.05% |
Fees
| Fee | Type | Amount |
|---|---|---|
| EDVEST_MEMBERSHIP Charged yearly · An annual charge debited from the Everyday Direct account on each Edvest membership in January and on a pro-rata basis for new Edvest members. | Ongoing | $30.00 |
Features
- No account keeping fee
- A guaranteed rate for terms from 3 to 36 months
- Earn a competitive interest rate on your investment with a minimum opening balance of $1,000 can get you started.
- Interest can be paid fortnightly, monthly, 12 monthly or at maturity.
- For deposits of $1,000,000 and over, rates are by negotiation and subject to acceptance.
- We'll send you a written renewal notice before your deposit matures.
- If you want to withdraw your Term Deposit before it matures you'll need to give us 31 days' notice. A reduced rate of interest will apply in these circumstances. For full details refer to our Conditions of Use.
Eligibility
- This product is only available to members who are 50 years or older and part of our Edvest benefit scheme and currently hold an Everyday Direct or Bill Paying account with us.
- You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
- Residency status — Individuals must be citizens or permanent residents of Australia.
Constraints
- Opening balance — $1,000.00
- Minimum balance — $1,000.00
- Maximum balance — $1,000,000.00For deposits of $1,000,000 and over, rates are by negotiation and subject to acceptance.
More Information
Published by Australian Mutual Bank LTD under the Consumer Data Right · Last updated 13 July 2026 · Product ID 74073f50-1e84-11f1-b37a-325096b39f47 · View on CDR.gov.au