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Open a term deposit

Open your new Term Deposit by calling 13 11 82 or by visiting your nearest branch. If you're already a member, you can open via Internet Banking or Mobile Banking App.
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    • A secure place to grow your savings.

      4.90%p.a. Term Deposit for a 6 month fixed term. Ready to make good happen? Call us on 13 11 82 or visit your nearest branch. 

      Call 13 11 82

    Key benefits

    Competitive interest rates
    $0 monthly administration fee
    For members aged 13+

    Rates

    Check out the latest rates for our Term Deposits. For rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your nearest branch.
    View bank account rates
    Interest rate
    The base interest rate paid on the balance in your account, regardless of transactions performed on the account or balance growth.
    Term Deposit
    Minimum opening deposit $5,000
    Interest rate
    The base interest rate paid on the balance in your account, regardless of transactions performed on the account or balance growth.
    Up to
    % p.a.

    Product overview

    If you have a lump sum of money that you know you won't need access to for a period of time, a Term Deposit might be the answer for you. Offering competitive interest rates that are locked in for the term of the investment, this is a secure way to invest your money.

    Fixed terms start from two months up to five years. And you only need $5,000 to get started. Or, if you're under 25, you'll need $1,000 to begin.

    Deposits with People's Choice are protected by the Financial Claims Scheme up to $250,000, so you know your money is in safe hands.

    • Interest paid annually or monthly

      For investments of one year or more

    • Interest  paid at maturity

      For investments less than one year

    • Protected by the Financial Claims Scheme

      Deposits with People's Choice are protected by the Financial Claims Scheme up to $250,000

    • A fixed rate for a fixed term

      Enjoy the security a Term Deposit offers

    • View your investment at any time

      You can view your Term Deposit 24/7 via Internet Banking and our Mobile Banking App

    Fees

    Disclosure documents

    Do some quick maths

    To work out how much you can save and how long it will take you, visit our savings calculator.
    View our savings calculator

      Open now

      You can open your new Term Deposit by calling 13 11 82 or visiting your nearest branch.
      Call 13 11 82

        Already a member?

        Thanks for being part of our community. We're here to help you achieve your goals. As a current member, you can open multiple accounts with us online. All you need to do is login to Internet Banking or our Mobile Banking App and follow these steps:

        1. Click on Apply in the main menu;
        2. Select Account from the drop-down;
        3. Complete the Account Open Request online form.
        You can also call us on 13 11 82 or visit your nearest branch.

        Guides and tips

        Need some help? We've got you covered. 

        Get in touch with us and we can help you get the answers you need.