BSB 806 015

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BSB 806 015

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


Payments options


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 - $1,000,000 Interest Paid
2 months 0.10% p.a. At maturity
3 months 0.40% p.a. At maturity
4 months 0.30% p.a. At maturity
5 months 0.30% p.a. At maturity
6 months 0.50% p.a. At maturity
7 months 0.30% p.a. At maturity
8 months 0.30% p.a. At maturity
9 months 0.30% p.a. At maturity
10 months 0.30% p.a. At maturity
11 months 0.30% p.a. At maturity

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 - $1,000,000 Interest Paid
12-35 months 0.60% p.a. Monthly
12-35 months 0.60% p.a. Quarterly
12-35 months 0.60% p.a. Annually
36-60 months 0.65% p.a. Monthly
36-60 months 0.65% p.a. Quarterly
36-60 months 0.65% 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.

Frequently asked questions

  • How much money do I need to open a term deposit?

    The minimum amount required to open a term deposit account with P&N Bank is $5,000, and the shortest term available is two months.

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

    With a savings account, you can add to and withdraw from it 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 choosing (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. If you choose to break the term to access the funds early, the interest payments will often be forfeited.

  • How do I set up a term deposit?

    You can open a term deposit online, over the phone or in person, provided you have the minimum required amount of $5,000 in an existing account.

    Please see how to apply for more information.

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.

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.



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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