Compare term deposit rates March 2021 We know interest rates aren't as high as they used to be. But a term deposit is still a low risk, safe way to earn a guaranteed return on your money while you. List of term deposits and savings accounts in Bendigo and Adelaide Bank with interest rates, fees and features in June 2020. Bendigo Bank 2 Year Term Deposit The interest rate for this one year product is at maturity and deposit balances ranges requires a minimum of $5,000 up to amounts over $5,000,000. The rate of 1.40% is 0.45% lower than the average 1.85%. Also it is 1.4% lower than the highest rate 2.80 Updated Jan, 2020.

Bendigo Bank offers businesses two types of term deposits - Standard and Gold. You can open a Standard term deposit by investing at least the specified minimum amount for a flexible investment period ranging up to five years. A Gold term deposit requires a larger minimum investment over a fixed term, which is currently one year.

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However, you can’t add funds to a Standard term deposit after the first seven days, and any withdrawals before the review date need to be done on request. If you’ve opened a Gold term deposit, you can add more funds over the year, but withdrawals may be restricted just as with a standard term deposit.

Bendigo Bank Term Deposit Rates

A Standard term deposit’s interest rate depends on the amount deposited, the frequency of compounding interest, and the deposit term. Further, this interest rate may apply irrespective of how often interest is compounded. On the other hand, Gold term deposits usually offer a flat interest rate no matter how large or small the deposit, with the interest likely compounded every quarter.

Bendigo Bank Term Deposit Rates 2018

To find out about Bendigo Bank’s current business term deposit rates, visit the banks’ website.