BSB 806 015

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P&N Bank is reviewing its position in relation to the RBA's official cash rate announcement on Tuesday 5 July 2022. We will make a further announcement on this soon. View details

BSB 806 015

3 Month Fixed Term Deposit

If you want a higher interest rate and you’re serious about saving, you might like to open a 3 month term deposit.

A term deposit requires a minimum deposit of $5,000 and is a fixed term investment, meaning your money is “locked away” until it reaches the end of the term. Rates of interest applied to term deposits can be tiered based on the amount and timeframe of your investment.

As long as you don't touch the money for that time, you’re guaranteed a profit from the interest paid at the end.

With P&N Bank you can choose a term deposit term ranging from one month to five years. When the market is experiencing lower interest rates, shorter terms of 3 months or 90 days become very popular. The aim for investors is to earn a highest rate of interest possible but not lock funds away for too long in the hope that interest rates will increase.

With shorter term deposits such as the P&N Bank 3 Month Fixed Term Deposit interest is paid at maturity or rollover of the deposit, and accrues to your deposit account.

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

Interest Rates

Term Deposit - Money Maker   $5,000 - $1,000,000 Interest Paid 
 3 months 1.75% p.a.  At maturity


Term deposits are a simple and reliable way of investing, but always be sure to check the Terms and Conditions (T&Cs) on the product you choose.

To get started with your term deposit account, explore our range of P&N Bank term deposits today.


Money Maker Term Deposit and & Retirement Term Deposit, interest on maturity, rate fixed for term of deposit. Member to determine term of deposit. 

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 Hi Saver or SwiftSaver Account under savings accounts.

^To be eligible for the & Retirement Term Deposit, at least one account holder must hold a & Retirement 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.

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