Beyond Bank Term Deposit
![Beyond Bank Term Deposit](https://www.finder.com.au/global/images/providers/beyond-bank-logo1-140px.png)
- Interest rate 7 months interest rate
- Up to 5% p.a.
- Minimum opening deposit
- $2,000
- Account keeping fee
- $0
- Maximum deposit
- $49,999
Summary
You can invest your money for a term length that suits you and earn a fixed interest rate.
When you open a Beyond Bank Term Deposit you can choose a term length from 3 months to 5 years. The fixed interest rate your money earns depends on the amount you invest as well as duration of the term. You can invest as little as $2,000. Your term deposit does not attract any account keeping fees or establishment fees.
Pros
-
No monthly account keeping fee
-
Earn a fixed interest rate
-
Low minimum opening balance
Cons
-
Interest rates are slightly less competitive than some others in the market
Details
Key details
Product Name | Beyond 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% |
36 month interest rate | 3.95% |
48 month interest rate | 3.95% |
60 month interest rate | 3.95% |
Minimum Opening Deposit | $2,000 |
Minimum age requirement | 13 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 13 |
Joint account availability | No |
Min Deposit | $2,000 |
Available to children | Not available for children under 13 years of age |
Your reviews
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Alison Finder
Editor
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![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Banney Finder
May 12, 2022
Hi Misty,
Are you considering Beyond Bank? If so, the minimum you require to open a Beyond Bank Term Deposit is $2,000. You can withdraw funds from your term deposit before it matures by providing the bank with 31 days’ notice.
Regards,
Alison
Misty
April 21, 2022
Hello I want a term deposit with a low deposit amount and able to make monthly deposits but not withdrawal