In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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AWA Alliance Bank Term Deposit Account

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AWA Alliance Bank Term Deposit
Interest rate 7 months interest rate
Up to 5% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0
Maximum deposit
$49,999

Summary

Take advantage of zero account-keeping fees and a fixed interest rate of up to 3.95% p.a. with a Term Deposit Account from AWA Alliance Bank.

Whether you’re saving for a home, a holiday or just for a rainy day, an AWA Alliance Bank Term Deposit Account offers a range of features designed to help you reach your savings goal as quickly as possible. With competitive fixed interest rates of up to 3.95% p.a. a Term Deposit Account from AWA allows you to enjoy the security and peace of mind of guaranteed returns.

Pros

  • Fixed, tiered interest rates
  • No account keeping fees

Cons

  • Must give 31 days notice to withdraw money

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name AWA Alliance Bank Term Deposit
3 month interest rate 4.45%
6 month interest rate 4.65%
7 month interest rate 5.00%
9 month interest rate 4.65%
12 month interest rate 4.70%
24 month interest rate 3.95%
Minimum Opening Deposit $5,000
Government guarantee Yes

Eligibility

Joint account availability No
Min Deposit $5,000
Available to children No minimum age

Key features

Fixed rates

AWA offers competitive fixed interest rates on all its term deposit accounts. Rates vary depending on the term you choose and are tiered, with higher rates applying to larger investment amounts. The rates listed above are for deposits between $5,000 and $49,999.

Interest calculated daily

Interest on a AWA Alliance Term Deposit Account is calculated daily and credited to your balance at maturity. If you choose a term greater than 12 months, interest is credited annually.

Launch term deposit calculator


How to apply

If you're interested in applying for an AWA Term Deposit Account, click one of the "Apply now" links on this page. You will be taken to the AWA Alliance Bank website, where you can check the account terms and conditions and get the ball rolling on your application.

Application options

  • In branch. Visit an AWA Alliance Bank branch in Portland or Geelong in Victoria, or Mandurah in Western Australia, to receive personalised advice about how to open a Term Deposit Account.
  • Online. Fill out an online enquiry form with your name, contact information, preferred contact time and details of the type of account you would like to open.

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Alison Finder

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