BSB 806 015

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BSB 806 015

6 Month Fixed Term Deposit

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.

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
 6 months 1.75% p.a.  At maturity

Our 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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