BSB 806 015

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Further to the Reserve Bank’s increase in the official cash rate on Tuesday 2 August 2022, P&N is making changes to interest rates across several deposit and lending products. View details

BSB 806 015

Regular Income 12 Month Term Deposit

2.75% p.a.

Enjoy a competitive 12 month term deposit rate of 2.75% p.a. for investments between $5,000 and $1 million. Plus, with a P&N Bank Regular Income Term Deposit you can choose to get the interest paid monthly, quarterly or annually.

Open a term deposit


Peace of mind

Deposits of up to $250,000 in total are protected by the Financial Claims Scheme.


Flexible interest

Choose from interest paid monthly, quarterly or annually.


Want a longer term?

Our Regular Income Term Deposits are available up to 60 months.

Need more information? We can help.

Speak with a consultant  Visit a branch  Open an account

Looking to invest for a different term?

Product name Term Interest rate Interest paid
Money Maker Term Deposit 3 months 1.50% p.a. At maturity
6 months 2.00% p.a. At maturity
Regular Income Term Deposit 12 - 35 months 2.75% p.a. Monthly, quarterly, or annually
36 - 60 months 3.00% p.a. Monthly, quarterly, or annually

Frequently asked questions

  • What's the difference between a term deposit and a savings account?

    With savings accounts, you can add to and withdraw from them as you please. There can be some restrictions around the interest payable if you make withdrawals, however, you can access the money in the account whenever it suits you. Interest rates on these accounts are generally variable and subject to change at any time.

    With term deposits, an amount of your choice (usually a minimum amount of $5,000) is locked away for a set period of time at a fixed interest rate. These rates can often be higher than a standard savings account, however, the money cannot be accessed until the fixed term is over (when the term deposit matures). If you choose to break the term to access the funds early, the interest payments will often be forfeited.

  • How much money will I get back from my term deposit?

    With term deposits, your return on investment depends on how much money you commit, your investment term, and whether you want interest paid monthly, quarterly, annually or at your specified maturity date.

    Use our term deposit calculator to see how much your money can grow over time.

  • How can I manage my term deposit account after I create it?

    You can manage your term deposit and see what your balance is through Internet Banking.

See all frequently asked questions

Interest credited to nominated account for regular income term deposit. Rate fixed for term of deposit.

Banking and Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Any advice does not take into account your objectives, financial situation or needs. Read the relevant Product Terms and Conditions before acquiring this product in considering and deciding whether it is right for you. The target market determination for this product is available on request. Interest rate is current as at 6 July 2022.

View Term Deposit Account Terms & Conditions

View Term Deposit Interest Rate Schedule

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