Term Deposit for Edvest Members

Take advantage of great returns on our term deposits.

Fixed rate: 5.3%; 394 days

Deposit Rates

Type	Rate	Applies To	Interest Paid
Fixed · 119 days	4.85%	Term Deposit for Edvest Members_Tier_1Term Deposit for Edvest Members_Tier_1	every 119 days
Fixed · 119 days	4.85%	Term Deposit for Edvest Members_Tier_2Term Deposit for Edvest Members_Tier_2	every 119 days
Fixed · 149 days	4.05%	Term Deposit for Edvest Members_Tier_1Term Deposit for Edvest Members_Tier_1	every 149 days
Fixed · 149 days	4.05%	Term Deposit for Edvest Members_Tier_2Term Deposit for Edvest Members_Tier_2	every 149 days
Fixed · 179 days	4.05%	Term Deposit for Edvest Members_Tier_1Term Deposit for Edvest Members_Tier_1

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 fortnight, monthly, 12 monthly or at maturity.
For deposits of $500,000 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 citizens or permanent residents of Australia who are current or retired employees in the Australian health sector or are 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 — $499,999.99For deposits of $500,000 and over, rates are by negotiation and subject to acceptance.

More Information

Published by Health Professionals Bank under the Consumer Data Right · Last updated 13 July 2026 · Product ID d45a38f4-5462-4883-8239-7eaea4e2871b · View on CDR.gov.au · View Source Data (JSON)