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). 

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.