Term Deposit
Term DepositsData Sharing Status
Get a fixed interest rate for your fixed term investment.
- 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 |
| Fixed · 6 months Interest paid at maturity · Minimum deposit amount |
Features
- Offers available on Term Deposits opened or renewed by existing Bank of Melbourne personal or business customers. Available on deposits of $1,000-$2,000,000 with interest paid monthly or at maturity depending on term. T&Cs Apply.
- Predictable earnings: With a fixed interest rate, you?ll know exactly how much you?re going to earn over your choice of fixed term.
- Online bonus rates: Logon to check if you qualify for higher rates than those featured. You'll get an extra 0.10% p.a. for opening or renewing online.
- Secured savings: Avoid the temptation to dip into your savings, by locking your investment away for a fixed length of time.
- Options at maturity: Choose whether to withdraw funds or reinvest them, providing your instructions online or in the app.
- Open a Term Deposit with as little as $1000 and pay no set up or monthly fees. Rates featured are available on deposits of up to $2000000.
Eligibility
- Minimum age — 18 years
- Residency status — Australian Permanent Resident
- Online Only Existing Customers: If you already use Internet or Mobile Banking, you can renew or open a new Term Deposit online in your name. You can also check for bonus rates and manage your Term Deposit online.
- Online Only New Customers: you'll need to open an everyday account to access Internet Banking (so you can open a Term Deposit and manage it online).
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 BOMTDTermDeposit · View on CDR.gov.au · View Source Data (JSON)