BSB 806 015

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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 4.40% 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.


We calculate interest daily by multiplying the balance of your deposit by the fixed interest rate. Interest is paid at maturity for terms under 12 months only. For terms of 12 months or more interest can be paid monthly, quarterly, or annually. Interest can be added to the principal amount, or you can request for it to be credited to your nominated bank account.

Please note that interest rates for amounts of $1,000,000 and over are by negotiation. For more detailed information please refer to the Terms & Conditions and Term Deposit Interest Rate Schedule.

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

Banking and Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701.

Any advice does not take into account your objectives, financial situation or needs. Read the relevant Product Terms and Condition, before acquiring this product in considering and deciding whether it is right for you. Target Market Determinations (TMDs) are available for products.

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