Term Deposits

A great way to help you reach your savings goals.

Apply online now

Get an even better rate for your savings

Flexible benefits and features

No account keeping or establishment fees
Lock in a rate for the investment term
Terms ranging from 31 days - 24 months
Interest paid monthly (12 & 24 months only)
Protected by Government guarantee*

Lock in a great rate today

Open online in less than 5 minutes.
Or call us on 1300 221 479 to discuss your options.

Our Term Deposit rates

0.92% p.a.

12 month term

Personal customers with interest paid at maturity^

1.10% p.a.

24 month term

Personal customers with interest paid at maturity^

Personal rates (interest paid on maturity)

Term Fixed rate
31 day term 0.50% p.a.
3 month term 0.70% p.a.
6 month term 0.70% p.a.
9 month term 0.80% p.a.
12 month term 0.92% p.a.
24 month term 1.10% p.a.

^ No set up fees. Minimum deposit amount of $5,000. For deposits of $500,000+ call 1300 221 479 for a rate. Interest is calculated daily and paid either on maturity or annually for terms greater than 12 months. To view all rates see our Interest Rates Schedule.

Personal rates (interest paid monthly)

Term Fixed rate
12 month term 0.87% p.a.
24 month term 1.05% p.a.

^^ No set up fees. Minimum deposit amount of $5,000. For deposits of $500,000+ call 1300 221 479 for a rate. Interest is calculated daily and paid monthly. To view all rates see our Interest Rates Schedule.

Non-personal rates (interest paid on maturity)

Term Fixed rate
31 day term 0.50% p.a.
3 month term 0.70% p.a.
6 month term 0.70% p.a.
9 month term 0.70% p.a.
12 month term 0.85% p.a.
24 month term 1.00% p.a.

^ No set up fees. Minimum deposit amount of $5,000. For deposits of $500,000+ call 1300 221 479 for a rate. To obtain a non-personal application form call 1300 221 479. Interest is calculated daily and paid either on maturity or annually for terms greater than 12 months. To view all rates see our Interest Rates Schedule.

Non-personal rates (interest paid monthly)

Term Fixed rate
12 month term 0.80% p.a.
24 month term 0.95% p.a.

^^ No set up fees. Minimum deposit amount of $5,000. For deposits of $500,000+ call 1300 221 479 for a rate. To obtain a non-personal application form call 1300 221 479. Interest is calculated daily and paid monthly. To view all rates see our Interest Rates Schedule.

Frequently asked questions

  • No account establishment fees
  • No monthly account keeping fees

For a full list of fees and charges, please view our Schedule of Fees and Charges (available within General Information below).

Online applications take less than 5 minutes. Provided we’ve been able to verify your identify online, account details will be emailed to you within 15 minutes.

To open an account, you need to:

  • be 14 years or older
  • have an Australian mobile number and a valid email address
  • have an Australian residential address, and
  • be solely an Australian resident for taxation purposes.

You can also apply for an account with us if you’re a non-personal entity, such as a company, trust, or an association.

Interest is calculated daily and paid:

  • at maturity (for terms up to 12 months)
  • monthly or at maturity (for 12 month terms), or
  • monthly or yearly (for 24 month terms).

General information

Request a callback

Call Back Request

Want to find out more but don't have time to call? Leave your details below and we'll call you when it suits you.
Preferred time of phone call
(8:30am -12:00pm)
(12:00pm - 4:30pm)

Ready to take the next step?

We're here to discuss your options, or apply online now using our online application.
Need information? Call us on 1300 221 479.



*All depositors are protected by the Government guarantee. For further details, please refer www.fcs.gov.au.
Interest rates is at 15 November 2021. All interest rates are variable unless noted otherwise. In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our Target Market Determination, Product Disclosure Statement, General Terms, Fees and Charges Schedule and Interest Rate Schedule. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 1300 221 479. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.