Term Deposits

A great way to reach your savings goals, with competitive interest rates and a range of terms to suit your needs.

Get an even better rate for your savings

Lock in a great rate today and watch your savings grow.

Older couple walking on beach

Get the advantage with flexible, highly competitive benefits

Competitive interest rates

Fee-free investment option

Choice of terms

Protected by Government guarantee*

View our personal rates

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 0.85% 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 222 479 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.

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 222 479 for a rate. Interest is calculated daily and paid monthly. To view all rates see our Interest Rates Schedule.

View our non-personal rates

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 0.70% p.a.
24 month term 0.70% p.a.

^ No set up fees. Minimum deposit amount of $5,000. For deposits of $500,000+ call 1300 222 479 for a rate. To obtain a non-personal application form call 1300 222 479. 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.

Term Fixed rate
12 month term 0.65% p.a.
24 month term 0.65% p.a.

^^ No set up fees. Minimum deposit amount of $5,000. For deposits of $500,000+ call 1300 222 479 for a rate. To obtain a non-personal application form call 1300 222 479. Interest is calculated daily and paid monthly. To view all rates see our Interest Rates Schedule.

No account establishment fee
No account keeping fees
Lock in a rate for the investment term
Terms ranging from 31 days – 24 months
Interest paid monthly (12 and 24 month terms)

Ready to take the next step?

We're here to discuss your options and get you there

Need information? Call us on 1300 221 479

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General information

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  • 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.

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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.

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To open an account, you need to:

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

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).



*All depositors are protected by the Government guarantee. For further details, please refer www.fcs.gov.au.
Interest rates is at 6 September 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.