What is a Term Deposit?

A term deposit is a great way to earn a fixed rate of interest on your savings. You simply lock your money away for a set period of time (the "term") and we'll guarantee you a fixed interest rate for that entire period. This means you'll know exactly how much you'll earn on your investment, right from the start.

Why Choose a MOVE Bank Term Deposit?

  • Competitive Interest Rates: We offer a range of competitive interest rates to help you make the most of your savings.

  • Flexible Terms: Choose a term that suits you, from 3 months to 24 months.

  • Guaranteed Returns: With a fixed interest rate, you can be confident that your savings will grow at a steady rate.

  • No Set-Up or Account-Keeping Fees: You won't pay any fees to set up or maintain your term deposit, so more of your money goes towards your savings goals. You'll only pay fees if you have to break the term deposit early. 

  • Peace of Mind: Your deposits are protected by the Australian Government's Financial Claims Scheme, up to a cap of $250,000 per person.

Disclaimer

Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a loan.

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