BankVic Term Deposit
![BankVIC Term Deposit](https://www.finder.com.au/niche-builder/60a5d694551e7.png)
- Interest rate 6 months interest rate
- Up to 5% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
Summary
Yu can earn a fixed rate of return on your deposit, however eligibility criteria applies in order to become member.
Members can choose between a wide range of term lengths, from 3 months to 5 years, and earn a fixed interest rate on deposits of $5,000 or more.
Membership is limited to police officers, emergency response workers and other individuals working in public service and their family members, or if you live within 5kms of a branch.
Pros
-
Competitive interest rates
-
Interest is calculated daily and paid annually and on maturity
-
No management or account keeping fees
-
Funds are capital guaranteed up to $250,000
Cons
-
A minimum deposit of $5,000 is required
Details
Key details
Product Name | BankVIC Term Deposit |
3 month interest rate | 3.60% |
4 month interest rate | 4.00% |
6 month interest rate | 5.00% |
7 month interest rate | 3.70% |
9 month interest rate | 3.70% |
12 month interest rate | 4.90% |
24 month interest rate | 4.00% |
36 month interest rate | 4.00% |
48 month interest rate | 4.00% |
60 month interest rate | 4.00% |
Minimum Opening Deposit | $5,000 |
Minimum age requirement | 18 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 18 |
Joint account availability | No |
Min Deposit | $5,000 |
Available to children | Not available for children |
Your reviews
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Alison Finder
Editor
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Nikki Angco
June 27, 2018
Hi Pree,
Thanks for bringing this to our attention.
Sorry for the delay. We are thrilled to know you are interested in partnering with us! Our team is working double-time to accommodate all requests. In the meantime, kindly go to our Partner with us page. Please fill out the form with the necessary details about your company on this page and click the “Submit” button. Our Client Services team will get in touch with you to discuss the details once we received and evaluated your submitted information.
Cheers,
Nikki
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Pree Sarathy
June 26, 2018
Hello, I’m from BankVic I’ve been trying to reach someone to amend our rates on your site as they are incorrect. I haven’t heard back and we need to chnage this asap.
thanks,
Preethi