BSB 806 015

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BSB 806 015
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Term Deposits

Earn a guaranteed high rate of return on a fixed Term Investment with interest paid at maturity or with flexible interest payment options.

Range of terms

Up to 5 years

Monthly fee

$0

Payments options

Flexible

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). 

Money Maker

Term $5,000 - $24,999 $25,000 - $1,000,000
2 months n/a 2.15% p.a.
3 months 1.65% p.a. 2.40% p.a.
4 months 1.70% p.a. 2.45% p.a.
5 months 1.55% p.a. 2.30% p.a.
6 months 1.85% p.a. 2.60% p.a.
7 months 1.60% p.a. 2.35% p.a.
8 months 1.60% p.a. 2.35% p.a.
9 months 1.60% p.a. 2.35% p.a.
10 months 1.60% p.a. 2.35% p.a.
11 months 1.60% p.a. 2.35% 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 2.00% p.a. 2.45% p.a. Monthly
12-35 months 2.05% p.a. 2.50% p.a. Quarterly
12-35 months 2.15% p.a. 2.60% 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.

It’s easy to apply for a Term Deposit with P&N Bank. Simply get all your details ready and choose how to apply.

What you need

  • Be at least 18 years of age and have an Australian mailing and residential address.
  • 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.
  • If you’re joining us as a brand new member, you need your Australian driver's licence or your Australian 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.
  • Read and agree to our Privacy Statement, Terms and Conditions and the Product Disclosure Statement.
  • 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.

How to get started

In person

Apply for a term deposit in person at your nearest branch. Make sure you bring along all the documents you'll need.

Over the phone

Call us on 13 25 77 and one of our friendly consultants will help you with your application.

Enquire Request appointment

Money Maker Term Deposit, Interest on maturity, rate fixed for term of deposit. Interest credited to savings, paid by cheque or reinvestment. 

Regular Income Term Deposit, Interest credited to savings or paid by cheque. Rate fixed for term of deposit. 

For amounts under $5,000 please refer to the SwiftSaver Account.

All term deposits: Interest will only be paid on funds invested for a minimum of 30 days. In the event of early termination of the term deposit, subject to the funds having been invested for the minimum period, interest will be calculated at the interest rate most recently published by the Reserve Bank of Australia on its website as being the “Cash Rate Target” at the time the investment is redeemed. If any interest has been paid prior to early redemption of a term deposit, any shortfall arising from the recalculation of interest in accordance with the previous paragraph will be deducted from the principal amount. ​​​

View the Term Deposit Account Terms & Conditions

View the Term Deposit Interest Rate Schedule

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With our Hi Saver account if maintain a balance of $5,000 or more, you can earn bonus interest for the first 4 months on top of the variable standard rate

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