Term Deposits

If you’re looking to save, or just to make your money work harder, our range of term deposits offer reliable returns and competitive interest rates.

RSL Term Deposit

RSL Term Deposits


As part of our ongoing commitment to the Returned & Services League of Australia, Australian Military Bank is proud to offer Sub Branch members an exclusive offer on our Term Deposits. Receiving an additional 0.10% p.a. on your investment, you can be sure that Australian Military Bank’s Term Deposits are reliable and secure.

Bonus 0.10% p.a.

interest for RSL members

Interest

calculated daily

Covered by the

Financial Claims Scheme

Overview

 

Key features of our Term Deposits include:

 

  • Exclusively for RSL Sub Branch members
  • Minimum investment amount $1,000
  • Term length 3 – 24 months
  • Interest calculated daily
  • Interest paid at maturity
  • Covered by the Financial Claims Scheme 
  • No monthly or annual fees

^To be eligible, applicants must be a member of an RSL Sub Branch. 

To open a Term Deposit, call us on 1300 13 23 28.

 

Rates & Fees

 

Term Deposit interest rates for RSL Sub Branch members:

  $1,000 - $49,999 $50,000 and above
3 months 2.35% p.a.* 2.45% p.a.*
6 months 2.45% p.a.* 2.55% p.a.*
12 months 2.55% p.a.* 2.65% p.a.*

*Interest is paid on maturity.

Other Term Deposit options are also available, please contact Australian Military Bank for further details.

For information on fees that may be payable in relation to a RSL Term deposit, please see our Fees and Charges Schedule.  

Download our Schedule of Fees and Charges

View our Terms and Conditions of use: Account & Access Facility (Australian Military Bank)

View our Terms and Conditions of use: Account & Access Facility (RSL Money)

Questions

 

Here are the most common questions we get asked about our Term Deposit Accounts. Can’t see your question? Call us on 1300 13 23 28.


How is the interest calculated?
Interest is calculated daily and is paid per annum, or at the end of your chosen term length.


What is the Government guarantee on bank deposits?  
The Australian Government guarantees deposits up to $250,000 per depositor in Authorised Deposit-taking Institutions (ADIs) under the Financial Claims Scheme. This means that your money is guaranteed to be safe in the unlikely event that anything happens to the ADI. To find out more about the scheme visit the Money Smart website. 


Is there a minimum deposit needed to get started?
Yes, a balance of $1,000 or more is needed to open your account.


What is the maximum amount I can invest?
There is no limit to the amount of funds you can invest with Australian Military Bank.


Can I withdraw my money at any time?
When you apply for a Term Deposit your funds will be set aside for a nominated term. If you wish to access your funds before your term is up, fees and charges may apply.

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