BSB 806 015

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BSB 806 015

P&N Bank 7 Month Term Deposit

4.55% p.a.

Enjoy a competitive 7 month term deposit rate of 4.55% p.a. for investments between $5,000 and $1 million.

Open a Money Maker Term Deposit online and get the interest paid at maturity.

Open a term deposit


Peace of mind

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


Fixed interest

Know exactly how much your savings will grow by.


Open online

Our Money Maker Term Deposits can be opened online.

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 4.35% p.a. At maturity
6 months 4.45% p.a. At maturity
9 months 4.55% p.a. At maturity
12 months 4.55% p.a. At maturity
Regular Income Term Deposit 12 - 35 months 4.55% p.a. Monthly, quarterly, or annually
36 - 60 months 4.20% p.a. Monthly, quarterly, or annually

Find out more about Money Maker and Regular Income Term Deposits.

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

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 Condition, before acquiring this product in considering and deciding whether it is right for you. The target market determination for this product is available. Interest rate is current as at 02/11/2023 but is subject to change. Interest on maturity credited to nominated account or reinvestment. Rate fixed for term of deposit.

View Term Deposit Account Terms & Conditions

View Term Deposit Interest Rate Schedule

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