Business Term Deposit

Lock away your money for a period of time and get a guaranteed return

Fixed rate: 5.15%; 1 year
Bonus rate: 0.1%; conditions apply

Deposit Rates

Type	Rate	Applies To	Interest Paid
Fixed · 1 month Interest paid at maturity · Minimum deposit amount	1.4%	1 Month	at maturity
Fixed · 2 months Interest paid at maturity · Minimum deposit amount	1.65%	2 Months	at maturity
Fixed · 3 months Interest paid at maturity · Minimum deposit amount	3.25%	3 Months	at maturity
Fixed · 4 months Interest paid at maturity · Minimum deposit amount	3.4%	4 Months	at maturity
Fixed · 5 months Interest paid at maturity · Minimum deposit amount	3.45%	5 Months	at maturity

Features

The reassurance of a guaranteed return on your investment.
Avoid market fluctuations with a specific amount locked away at a fixed interest rate (with no immediate access to funds during the term)
Choose a term length that matches your business cycle
Add 0.10% p.a. to these rates if you're already with Bank of Melbourne and opening or renewing online. It?s only available to existing customers who bank online and in the app.
Earn Interest: Interest can be paid at maturity, annually, half yearly or monthly.
Flexibility : Flexible maturity options from 1 month to 5 years.
Business customers are eligible to open an account and can open account either by Branch, Phone, online.

Eligibility

Minimum age — 18 years18+ years old
Business customersOperating in Australia with an Australian address.
You must be an existing Bank of Melbourne banking customer
Online application and online bonus rate available for personal customers and sole traders only.

Constraints

Minimum balance — $1,000.00Minimum Opening Balance
Maximum balance — $2,000,000.00Maximum Balance

More Information

Published by Bank of Melbourne under the Consumer Data Right · Last updated 10 July 2026 · Product ID BOMTDBusTermDeposit · View on CDR.gov.au · View Source Data (JSON)