P&N Term Deposit
- Interest rate 4 months interest rate
- Up to 4.90% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
- Maximum deposit
- $1,000,000
Summary
You choose whether you want to capital gains or regular income with term deposits from P&N.
With a term deposit from P&N Bank, you have the option of higher rates and a one-time interest payment with the Money Maker, or a monthly boost to everyday cash with the Regular Income Term Deposit. First decide what it is you are looking to achieve with your term deposit account and then compare the features to find the one that will allow you to meet that goal.
Pros
-
Competitive rates for many terms
-
Two options available: Money Maker and Regular Income
-
Earn a guaranteed interest rate
-
Flexible options with large choice of term lengths
Cons
-
Some terms have much less competitive interest rates
Details
Key details
| Product Name | P&N Bank Term Deposit |
| 3 month interest rate | 4.85% |
| 4 month interest rate | 4.90% |
| 6 month interest rate | 4.90% |
| 7 month interest rate | 4.00% |
| 9 month interest rate | 4.90% |
| 12 month interest rate | 4.70% |
| 24 month interest rate | 3.80% |
| 36 month interest rate | 3.70% |
| 48 month interest rate | 3.70% |
| 60 month interest rate | 3.70% |
| 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
Alison Finder
Editor
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Shirley Liu Finder
September 19, 2016
Hi Phil,
Thanks for your question.
The maximum amount you can have in a P&N term deposit is $1,000,000. In this case, I’d recommend that you speak to P&N directly to see if they can offer you an exclusive rate.
Hope this helps.
phil
September 16, 2016
rate on $1,200,000