Term Deposits

Overview

Overview

Summary
Rates & Fees
Calculators
More Info
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With a Term Deposit, your money is invested for a fixed period of time in exchange for a guaranteed rate of return.

Our secure Term Deposits have terms ranging from 30 days to 5 years. Term Deposit minimum balance begins at $500 (excludes 1 year Regular Income) with no maximum balance.

Benefits and Features:

Highly competitive interest rates.
Flexible terms – Funds can be locked away for the short term (30 – 90 days) or for a longer period (120 days – 5 years).
A fixed rate of return.
A highly secure way to grow your money.
Internet and Phone Banking access (balance information only).
Interest calculated daily.
Interest credited on maturity.
Funds available on maturity.
Minimum balance begins at $500 (excludes 1 year Regular Income).
Available to everyone.

1 Year Regular Income Term Deposit

Minimum opening deposit and balance required is $5,000.
Interest paid fortnightly or monthly as nominated and balance on maturity.

Rates & Fees

Term Deposit Interest Rates (p.a.)¹
	$500- $19,999	$20,000- $49,999	$50,000- $99,999	$100,000+
30 days (I18)	3.85% p.a.	3.85% p.a.	3.85% p.a.	3.85% p.a.
60 days (I17)	3.85% p.a.	3.85% p.a.	3.85% p.a.	3.85% p.a.
90 days (I16)	5.05% p.a.	5.05% p.a.	5.20% p.a.	5.20% p.a.
120 days (I7)	5.10% p.a.	5.10% p.a.	5.25% p.a.	5.25% p.a.
180 days (I15)	5.10% p.a.	5.10% p.a.	5.25% p.a.	5.25% p.a.
270 days (I1)	5.10% p.a.	5.10% p.a.	5.25% p.a.	5.25% p.a.
1 year (I12)	5.10% p.a.	5.10% p.a.	5.20% p.a.	5.20% p.a.
2 years (I24)	5.20% p.a.	5.20% p.a.	5.30% p.a.	5.30% p.a.
3 years (I36)	5.30% p.a.	5.30% p.a.	5.40% p.a.	5.40% p.a.
4 years (I48)	5.60% p.a.	5.60% p.a.	5.60% p.a.	5.60% p.a.
5 years (I60)	5.60% p.a.	5.60% p.a.	5.60% p.a.	5.60% p.a.

1 year Regular Income (I3) $5,000 and over - 5.20% p.a.

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

A Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term. Interest Rates effective 10 May 2012.

Calculators

Budget Calculator

Wondering where your money goes? Help plan for the future by doing your budget online.

More Information

Product Range Brochure

This brochure provides information on Victoria Teachers Mutual Bank and the features and benefi ts of our products and services. If you would like further information.

How to Apply

If you are not already enjoying the benefits of banking with a customer owned organisation, become a new customer today.

If you are already a customer, you may select any of the following options:

Download a Term Deposit Application

Complete the application and return it to the Mutual Bank by mail, fax or take it to one of our Service Centres.

Over the Phone

By calling our friendly Member Service Consultants on 1300 654 822 between 8:00am and 7:00pm Monday to Thursday and Friday 8:00am and 6:00pm.

Visit a Service Centre

Complete an application in person at our Camberwell or Moonee Ponds Service Centres.