Greater Bank Term Deposit $5,000 – $49,999
![Greater Bank Term Deposit $5,000](https://www.finder.com.au/global/images/providers/greater-bank-logo.png)
- Interest rate 6 months interest rate
- Up to 4.9% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
Summary
You can choose from lots of term lengths between 1 month and 5 years and enjoy a fixed interest rate on your money.
You can choose how long to invest your money and when you receive your interest. Either use your interest earned now to help supplement your income, or save it all for later when the account reaches maturity. The interest rate is fixed for the term length that you choose.
Pros
-
No monthly account-keeping fees
-
High interest rate on your savings
-
Flexible terms
Cons
-
No flexibility
-
Minimum investment of $5,000
Details
Key details
Product Name | Greater Bank Term Deposit $5,000 |
3 month interest rate | 4.00% |
4 month interest rate | 4.00% |
6 month interest rate | 4.90% |
7 month interest rate | 3.80% |
9 month interest rate | 4.00% |
12 month interest rate | 4.75% |
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 | 16 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 16 |
Joint account availability | No |
Min Deposit | $5,000 |
Available to children | Not available for children under 16 years of age |
Compare other term deposit accounts
Compare other products from Greater Bank
- Greater Bank credit cards
- Greater Bank home loans
- Greater Bank savings accounts
- Greater Bank car loans
Your reviews
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Staff Finder
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Sarah Megginson Finder
May 01, 2024
Hi Helen,
If your bank doesn’t have your tax file number (TFN), it will withhold tax from your interest at the highest marginal tax rate. This is currently 45%.
Hope this helps!
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Sue
December 08, 2022
I have my money with another bank, will it be easy to transfer over?
Will it be at 4% for 12 mths?
It’s over The minimum amount
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Banney Finder
December 20, 2022
Hi Sue,
Upon opening an account with Greater Bank, you should be able to send the funds (subject to the services your bank provides) to your newly set up account. The steps may vary depending on the bank where the funds will be coming from but typically it can be completed online.
The interest rates would vary depending on the payment option you select.
Interest on maturity with a $5,000.00 – $49,999.99 deposit: 4.00% p.a.
Monthly interest with the same deposit amount: 3.90% p.a.
Thanks,
Alison
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Peter Hart
November 17, 2022
Is there a maximum deposit amount for 12 months at 4%
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Banney Finder
November 22, 2022
Hi Peter,
There is no maximum deposit amount, however, the minimum is $1000.
Thanks,
Alison
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REG AND MARGARET GREEN
November 03, 2022
Please advise term deposit rates for one amount of $100,000 in private name and second amount in name of SMSF for $190,000 for periods of
1 year and 2 years!
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2021/07/AlisonBanney_Finder_600x600.jpg)
Alison Banney Finder
November 11, 2022
Hi Reg and Margaret Green,
The Term Deposit interest rate on Maturity for $50,000.00 is 4% for both 12 months and 24-35 months. You may check the table on their website.
All the best,
Alison
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Mike
June 19, 2017
Why do the links to Greater Bank not working?
Rench Finder
June 19, 2017
Hi Mike,
Thanks for reaching out to us.
I have tried clicking on the green ‘Go to site’ button above this page and it directed me to Greater Bank official site successfully. Please try to use another browser or there might be a setting in your browser that’s blocking the pop-up.
Hope this helps.
Cheers,
Rench
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Helen
April 29, 2024
How much tax is withheld from interest made if you don’t supply tax file number?