Great Southern Bank Term Deposit Account
- Interest rate 3 months interest rate
- Up to 4.85% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
- Maximum deposit
- $1,000,000
Summary
Plan your financial future by locking down your money in a competitive, fixed-rate term deposit with Great Southern Bank.
You'll know ahead of time what the return on your investment will be with a fixed-rate term deposit from Great Southern Bank, helping you plan and meet future savings goals. The terms of the account are also really flexible; you can choose a term length from one month to five years, and you can get started from just $5,000.
Pros
-
$0 monthly service fees
-
$0 application fee required
-
Terms from one month to five years in length
-
Competitive interest rates for longer terms
Cons
-
Minimum deposit of $5,000 needed
Details
Key details
| Product Name | Great Southern Bank Term Deposit Account |
| 3 month interest rate | 4.85% |
| 4 month interest rate | 2.95% |
| 6 month interest rate | 4.70% |
| 7 month interest rate | 3.05% |
| 9 month interest rate | 4.45% |
| 12 month interest rate | 4.45% |
| 24 month interest rate | 4.00% |
| 36 month interest rate | 3.60% |
| 48 month interest rate | 3.60% |
| 60 month interest rate | 3.60% |
| Minimum Opening Deposit | $5,000 |
| Minimum age requirement | 18 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 18 |
| Joint account availability | Yes |
| Min Deposit | $5,000 |
| Available to children | Not available for children |
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Your reviews
Alison Finder
Editorial Manager, Money
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Sarah Megginson Finder
June 28, 2023
Hi Chris,
We’re not directly affiliated with Great Southern, we are a review site so we’re not in a position to provide customer support. You’ll need to contact them directly to access this form.
Best of luck.
Michelle
August 23, 2019
Hi interested in term deposit for 12 months for 200,000. Can you tell me if you have to set up an everyday account Eg with conditions to spend x amount a monthetc to invest this money with CUA
Nikki Angco
August 24, 2019
Hi Michelle,
Thanks for leaving an inquiry about CUA Term Deposit on our page. When you open a CUA Term Deposit, you don’t need to set up an everyday transaction with no monthly account keeping fees or an application fee, your savings won’t be reduced by unnecessary costs.
As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of this account before applying. You may also contact the bank should you have any questions about their product.
Best,
Nikki
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Therese
August 06, 2019
Is CUA government guaranteed?
Jeni Finder
August 06, 2019
Hi Therese,
Thank you for getting in touch with Finder.
Yes, Credit Union Australia (CUA) is included in the Australian Government Guarantee Scheme.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
Bill
November 11, 2017
Can I take part of my fixed term deposit before maturaty for financial reasons
Arnold
November 11, 2017
Hi Bill,
Thanks for your inquiry
The page above states that for term deposits of two years or less, an early withdrawal will only be allowed at the discretion of CUA. If approved, adjustments will be made in the interest rate to reflect the change in terms. For term deposits greater than two years, your funds are available to you when needed with no penalty or interest reduction.
Hope this information helps
Cheers,
Arnold
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Bob
July 10, 2017
Just renewed $250,000 term deposit for 12 months at a rate of @.70%. According to the above the rate is 2.60% for 12 months. However, being a platinum member with an investment for 12 months the rate should be 2.75%. Is this correct?
Jonathan
July 11, 2017
Hello Bob!
Thanks for the inquiry! :)
For Platinum Plus Members (55+), 1 year Rate with interest on maturity / annually is 2.70%. You can visit their website and look for CUA Term Deposit Rates.
Hope this clarifies.
Cheers,
Jonathan
Chris
June 06, 2023
Can you please email application form for SMSF Term deposit with individual trustees