A P&N Bank six month fixed term deposit gives you a guaranteed rate of return on balances great than $5000.
If you're saving for something special or just building your nest egg and want a higher interest rate, a 6 month term deposit could be for you.
A term deposit requires a minimum of $5,000 and is fixed for a period of time.
As long as you don’t touch the money during that time, you will make a profit from the interest paid at the end of the fixed term.
Here at P&N bank you can choose from a variety of term deposits ranging from two months to five years.
When the market is experiencing lower interest rates the shorter terms like six months are a popular option, as investors don't want to lock away funds for too long in case interest rates improve.
When the market is experiencing high rates you may want to lock your funds away for a longer period of time.
With the P&N Bank 6 Month Fixed Term Deposit the interest is paid at maturity or the rollover of the term deposit.
Rates of interest applied to term deposits are tiered based on the specified amount and timeframe of your investment.
|Tem Deposit - Money Maker||$5,000 - $24,999||$25,000 - $1,000,000|
|6 months||1.85% p.a.||2.60% p.a.|
Our term deposits are a simple and reliable way of investing, but always be sure to check the Product Disclosure Statement (PDS) on the product you choose.
To get started with your term deposit account, explore our range of P&N Bank term deposits today.
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