Term Deposit Accounts | Fixed & High Interest Term Deposits

A P&N Bank Term Deposit offers you a guaranteed rate of return and a high level of security so you have more control over your investment.

Be in control - with a range of terms at competitive rates.
Feel confident - with the security of a fixed rate for a fixed term
Flexible interest payment options - choose from interest paid at maturity (Money Maker), OR paid monthly, quarterly or annually (Regular Income).
Term Deposit Calculator - to help you work out your investment returns

Money Maker

Term	$5,000 - $24,999	$25,000 - $1,000,000
2 months	n/a	2.10% p.a.
3 months	1.60% p.a.	2.35% p.a.
4 months	1.50% p.a.	2.25% p.a.
5 months	1.50% p.a.	2.25% p.a.
6 months	1.90% p.a.	2.65% p.a.
7 months	1.55% p.a.	2.30% p.a.
8 months	1.55% p.a.	2.30% p.a.
9 months	1.55% p.a.	2.30% p.a.
10 months	1.55% p.a.	2.30% p.a.
11 months	1.55% p.a.	2.30% p.a.

A Money Maker Term Deposit is a safe, secure term deposit of 2-11 months for amounts of $5,000 and above that pays interest at maturity.

Regular Income

Term	$5,000 - $24,999	$25,000 - $1,000,000	Interest Paid
12-35 months	2.05% p.a.	2.50% p.a.	Monthly
12-35 months	2.10% p.a.	2.55% p.a.	Quarterly
12-35 months	2.20% p.a.	2.65% p.a.	Annually
36-60 months	2.10% p.a.	2.55% p.a.	Monthly
36-60 months	2.15% p.a.	2.60% p.a.	Quarterly
36-60 months	2.25% p.a.	2.70% p.a.	Annually

With a Regular Income Term Deposit enjoy a regular return on deposits of $5,000 and above with interest paid monthly, quarterly or annually. Investments can be made for between 12 to 60 months.

Want to build a retirement nest egg?

Already retired? Or planning to make the transition soon? With our Retirement Rewards & Bag you can mix and match a range of products including our best rate 3 month term deposit.

Not sure how long to invest for? Find out more about the benefits of our popular 3 month and 6 month fixed term deposits and the security of a longer term deposit.

It’s easy to apply for a Term Deposit with P&N Bank.

For existing members:

Apply online

If you're 18 years of age with Internet banking access you can Log in and go to Apply. You can open a 3 month, 6 month or & Retirement Term Deposit account and a range of other savings accounts in minutes.

Over the phone

Call us on 13 25 77 and one of our friendly consultants can open an account for you over the phone.

In person

Open your term deposit account for any amount or term at your nearest branch.

For new members:

Apply Online

If you are not an existing P&N Bank member you can open a savings account online first, and once funds are received to that account open a 3 month, 6 month or & Retirement Term Deposit via Internet Banking.

To open a new account you must become a P&N Bank member by buying a $10 share. You don't have to pay anything straight away, we'll deduct this from your account after you're set up.

To apply for an account online you must:

be 18 years of age
be an individual
be an Australian resident with a current Australian residential address, and
have two forms of identification, either an Australian Drivers Licence, Australian Passport or Medicare card.

You don’t have to quote your Tax File Number or claim an exemption, however, if you don’t, you could have withholding tax deducted from any interest credited. You can supply your Tax File Number at any time by visiting a branch or contacting us.

In person

Open a term deposit at your nearest branch.

If you’re joining P&N Bank as a brand new member, you need your Australian driver's licence or a valid passport. You can also use one form of primary ID without your photo (eg. your birth certificate or citizenship papers) with one form of secondary ID (eg. your most recent power bill). Original and certified copies of documents are accepted.

Term Deposits

Money Maker

Regular Income

Want to build a retirement nest egg?

For existing members:

For new members:

New member?

Existing member?

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