Three reasons to open a Term deposit account
Investment
Invest any amount from $1,000 for a fixed rate of return for the life of your investment.
Terms
Different investment terms to suit your needs start from one month.
Security
Protected by the Financial Claims Scheme guarantee on deposits provision.1
Make use of our special term deposit rates and watch your money grow
Interest rates
| Term | Rates for $5,000 - $5,000,000 | Interest paid |
| 4 month | 3.70% p.a. | At maturity |
| 6 month | 4.10% p.a. | At maturity |
| 9 month | 4.20% p.a. | At maturity |
| 12 month | 4.00% p.a. | At maturity |
For amounts less than $5,000 and other term deposit options see all term deposit rates.
*Please contact your branch or call 1300 236 344 for investment amounts over $5,000,000. Rates valid from 18/03/2025 and subject to change, interest paid at maturity. Terms, conditions, fees and charges apply
For a personalised Money Market Investments service, please contact the team by phone 1300 133 833 or email. This personalised service is available for new funds over $500,000.
Before you start
Identity
If you are a new customer, we will need to verify your identity via any two forms of IDs listed below:
- Driver's licence
- Passport
- Medicare card
Eligibility
You need to be an Australian citizen or resident in order to apply for a term deposit.
Joint or business accounts?
Please visit a branch if you are a joint or a business account holder.
Open a term deposit account
Check that you meet our eligibility criteria. Open our convenient term deposit account and get access to useful features.
Existing customers
- Log in to e-banking using a web browser or the Bendigo Bank app
- Select ‘Add a new account’
- Follow the simple steps to open your new term deposit
Apply in-branch
- You need to be an Australian citizen or resident,
- You should bring identification with you, either a drivers licence or passport.
Learn how to open a term deposit account online
Watch this video to learn how to open a term deposit account online via e-banking or Bendigo Bank app.
Discover the Bendigo Bank app
- Log in quickly and securely with biometric authentication or a Four-digit PIN
- See balances without logging in using Quick Balances
- Pay people and bills in seconds with PAYID, Osko, BPAY
- Add your debit or credit card to Apple Pay or Google Pay from the app
- Card controls at your fingertips
- Safe and secure 24/7
Download the Bendigo Bank app now
Easysaver Account
A simple, all in one savings account with no monthly fees and easy access to your money. Open online today.
Helpful tools
Discover our library of helpful tools to manage your savings, set goals, and achieve more.
Need help?
Online
Complete the online enquiry form to get contacted via your phone or email.
At a branch
Use our branch locator to search for a branch, agency or ATM near you.
Phone
If you have clicked on any suspicious links and entered your e-banking details:
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Things you should know
All rates subject to change.
This information does not take your personal objectives, financial situations or needs into account. You should consider its appropriateness to your circumstances before acting on this information. Please read the disclosure documents for your selected product or service, including the Terms and Conditions, before deciding. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.
Target Market Determinations for products are available.
1 Information about the Financial Claims Scheme can be found at www.fcs.gov.au.
