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Term Deposits

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Term Deposits Range

30 Days Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.05% pa

Apply Online Call +855 97 542 5306

60 Days Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.05% pa

Apply Online Call +855 97 542 5306

90 Days Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.65% pa

Apply Online Call +855 97 542 5306

120 Days Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.50% pa

Apply Online Call +855 97 542 5306

180 Days Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.65% pa

Apply Online Call +855 97 542 5306

270 Days Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.60% pa

Apply Online Call +855 97 542 5306

1 Year Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.80% pa

Apply Online Call +855 97 542 5306

2 Year Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.80% pa

Apply Online Call +855 97 542 5306

3 Year Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.85% pa

Apply Online Call +855 97 542 5306

4 Year Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 2.90% pa

Apply Online Call +855 97 542 5306

5 Year Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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Rates starting from
 3.00% pa

Apply Online Call +855 97 542 5306

1 Year Regular Income Term Deposit

Invest your money for a fixed term and secure a competitive rate of return.

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 2.90% pa
interest rate ($5,000 and over)

Apply Online Call +855 97 542 5306

Important Information
Interest Rates effective 9 April 2016. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.

 

Budget planning

Would you like to take control of your finances?

Setting yourself a sensible budget, and sticking to it, is one of the surest ways to create a healthy balance between spending and saving. A budget allows you to track where your money goes and easily identifies saving opportunities.

Here we provide a few simple steps to take when planning a budget:

Decide your budget goals

Having a goal in mind will help you stick to a budget. Would you like to free yourself from debt? Are you hoping to put money aside for your wedding or next holiday? Whatever it is, knowing what you are working towards will help give you the discipline to follow a budget.

Identify your income

All it takes to create a manageable budget is a little planning. To get started, calculate how much income you receive from sources such as wages, government pensions or returns from investments. Split your total income into monthly increments to figure out how much money you have coming in regularly over the year.

Calculate your expenses

After you have figured out your income, you can concentrate on your regular costs. Review your bank statements, bills and receipts. Some of your regular expenses will be consistent and easier to track, such as phone bills, utility bills and mortgage or loan repayments. Others such as the ongoing irregular costs of groceries, petrol and entertainment can be harder to calculate and might need to be averaged out.

Our Budget Planner Calculator is a great tool to make sure you don’t forget about any areas of spending.

Figure out where you stand

Once you have figured out your income and expenses to the best of your ability, you can weigh the two up. If you are earning more than you are spending, then you are off to a good start. If your expenses exceed your income, then it’s time to start making some adjustments. A budget plan can help you grow your savings or limit your losses on a day-to-day basis.

Create a budget plan, and stick to it

Once you have figured out where you are financially, you can start implementing a budget. Draw up a budget with a timeframe that suits your lifestyle and goals, whether that is weekly, fortnightly or monthly. Factor in the income and unavoidable expenses for that period. What you are left with is where you can start saving. Give yourself a realistic allowance for everyday expenses and leisure, and keep records of what you buy. Start identifying and cutting out unnecessary expenses. This kind of discipline will help you better manage your own money and live within your means.

Save what you aren’t spending

Using a separate account, to split your savings from your every day transaction account, is a great way to stop spending money ‘just because it’s there’ - it cuts down the temptation for impulse purchases. Plus you can increase your interest earnings to add to your savings. Look through our collection of savings accounts to see which suits you best. You might find that a term deposit is a good option for you if you have a lump sum that you won’t be spending soon.

When you decide it’s time to start budget planning, we have the services to put you on the right track. Speak to one of our consultants on Web Chat or call +855 97 542 5306.

 

Setting saving goals

Saving is the best way to safeguard your financial future. But sometimes it can be challenging to stay motivated and disciplined. Your saving efforts will be much more effective if you have a clear goal in mind and an idea of how to go about it.

Asking yourself the following questions will help with setting savings goals:

What am I saving for?

Knowing what you are saving for will help you determine exactly how much you need to save and in what time frame. Have a financial goal in mind. Maybe you would like to raise the deposit for your first home - or the home you’d like to retire in. Perhaps you want to put aside some funds for your children’s education.

Whatever your purpose, knowing it will make it more realistic and will keep you motivated if you need to make little compromises along the way.

How long will it take me?

Once you know what you are working towards, you will be able to roughly calculate how long it will take you. Sometimes you will be saving with more urgency, trying to raise a larger amount over a smaller period. At other times, you might want to just develop consistent habits that will help you gradually grow your savings. We offer different savings accounts and investment opportunities to suit your timeline.

Set yourself a deadline, and figure out how much you will need to put aside each week or month to meet it. Even if you are saving without a specific target, this is a great motivational technique to convince you to stick to your savings goals.

How do I go about it?

Now you should have an understanding of how much you need to raise, by when. All that remains is knowing where the funds will come from. If you have had the presence of mind to set a budget, you will probably already have identified potential savings and can start moving them over to a high interest savings account.

If not, consider making a couple of small personal sacrifices in your everyday spending and redirect the money saved into a savings account. Or you could credit part of your salary each month into savings. If you have a bulk amount set aside, you could invest in a term deposit with fixed interest rates to see it grow safely.

We have the services and support to help you set and stick to your savings goals. To explore setting savings goals, talk to one of our consultants on Web Chat or call +855 97 542 5306.

 

Successful saving

Do you want to limit your spending and increase your savings?

Credit cards and loans are an invaluable resource, but the most financially sound way to purchase something special is by saving up the money yourself. Saving doesn’t need to be hard; by making a few easy adjustments and developing some good habits you can start building your own nest egg.

Follow these three simple steps to help control your spending and save more effectively:

Create a budget

The easiest way to identify where you can save is to create a sound budget. Your budget should factor in your regular income and all of your short and long-term expenses. This will help you to potentially pinpoint any wastage. Deduct inevitable expenditure such as rent, bills, mortgage or credit card repayments from your regular wage to calculate how much you should have left over each month. If there is a huge discrepancy between how much you should have left and how much you actually do then you should consider monitoring your spending more closely. Try our Budget Account to set aside the money you need to cover regular expenses.

Set yourself up a savings account

One of the best assets you can have when trying to save is a flexible savings account. If you leave all of your money in an everyday account, not only will you be missing out on higher interest rates, you are more likely to spend it. There are plenty of savings accounts to choose from, so do your homework and choose the account that best suits you. Try to find a manageable account with high interest rates, such as our Cash Management Account, which will reward you with higher interest for larger deposits. Once you are all set up, proactively monitor your savings account to view your progress and keep you on track.

Put money aside as often as you can

Making regular contributions to your savings account will help you save faster and more effectively. Try setting up an automatic transfer of funds or arranging for part of your salary to be credited direct into a high interest account each month. Leave enough behind to comfortably cover everyday expenses and try to treat the money that you transfer over as if it has become untouchable. If you have the spare money but are worried you won’t have the discipline to self-manage your savings, a term deposit is a highly effective way to save while benefitting from fixed interest rates.

We offer accounts and services specifically designed to help you save. Talk to one of our consultants about limiting your spending and maximising your savings, by using our Web Chat or by calling +855 97 542 5306.