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Speak to a Business Banker
Wherever you are on your business journey, our dedicated Business Bankers can help. Find out more and enquire today!
Key benefits
- Competitive interest rates
- No monthly fees
Rates
Check out the latest rates for our Business Term Deposits. For rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your nearest branch.
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
Business Term Deposit
Minimum opening deposit $5,000
Interest rate
An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
Up to
% p.a.
Product overview
If you have a lump sum of money you won't need to access for a period of time, a term deposit might be just the answer. A term deposit offers competitive interest rates that are locked in for the term of the investment, making this a secure way to invest your money and earn a great return.
Fixed terms start from two months up to five years. And you only need $5,000 to get started.
Things to note:
• A 32 day notice period and fees apply for early withdrawals
• Minimum balance is $5,000 - $999,999 for all fixed term rates
• If you are under 25 years of age then the minimum deposit is only $1,000
All deposits with People's Choice are protected by the Financial Claims Scheme, so you know your money is in safe hands.
Fixed terms start from two months up to five years. And you only need $5,000 to get started.
Things to note:
• A 32 day notice period and fees apply for early withdrawals
• Minimum balance is $5,000 - $999,999 for all fixed term rates
• If you are under 25 years of age then the minimum deposit is only $1,000
All deposits with People's Choice are protected by the Financial Claims Scheme, so you know your money is in safe hands.
Flexible interest payment frequency
For investments of one year or more interest can be paid annually, half yearly, quarterly, monthly or every 28 days. For investments less than a year, interest is paid at maturity.A secure rate
You have the security of a fixed rate for a fixed term.Viewable online
- You can view your term deposit at any time via Internet Banking or with the People's Mobile Banking App.
Fees
Monthly fees
Monthly feeMonthly administration fee - $0
Disclosure documents
Fees and charges brochure
Download our Fees and charges brochure (PDF, 152 KB)
Download our Accounts and access facilities terms and conditions (PDF, 431 KB)
Do some quick maths
To work out how much you can save and how long it will take you, view our savings calculator.
What else do I need to consider?
Open a term deposit
You can open a new Business Term Deposit by giving us a call, visiting your nearest branch or speaking with a Business Banker.
