- Term Deposits Glossary Of Terms. Please note that these are a general explanation of the meaning of terms used in relation to term deposits. Your bank or financial institution may use different terms, and you should read the product disclosure statement (PDS) of your policy carefully to understand everything that may apply during your investment term.
- 11AM Call Deposits (11AM) An overnight deposit facility with Bendigo Bank. Key features include: Daily access to funds providing we receive notice before 11.00 a.m. Interest paid monthly and rolled in to the 11AM deposit or paid to your nominated bank account; Ideal for customers with uncertainty in their short-term cash flow projections.
Bendigo Bank offers businesses two types of term deposits - Standard and Gold. You can open a Standard term deposit by investing at least the specified minimum amount for a flexible investment period ranging up to five years. A Gold term deposit requires a larger minimum investment over a fixed term, which is currently one year.
Bendigo Bank Term Deposit Rates 2020
However, you can’t add funds to a Standard term deposit after the first seven days, and any withdrawals before the review date need to be done on request. If you’ve opened a Gold term deposit, you can add more funds over the year, but withdrawals may be restricted just as with a standard term deposit.
Rates effective from TermDeposits and subject to change without notice. All rates shown are on a per annum basis. For terms greater than 12 months interest must be paid at least annually.Promotional term deposit rate. Heritage sometimes offers term deposits which are priced higher than our standard term deposit.
A Standard term deposit’s interest rate depends on the amount deposited, the frequency of compounding interest, and the deposit term. Further, this interest rate may apply irrespective of how often interest is compounded. On the other hand, Gold term deposits usually offer a flat interest rate no matter how large or small the deposit, with the interest likely compounded every quarter.
To find out about Bendigo Bank’s current business term deposit rates, visit the banks’ website.
| From Term Deposit Rates Australia |
Term Deposit Rates Australia presents Bendigo Bank Term Deposit Rates Australia this January 2010 for the benefit of our readers' interest in fixed term deposit rates of Australian banks.
Bendigo Bank term deposit rates Australia are subject to change without notice at any time at the discretion of the bank.
Bendigo Bank term deposit rates Australia quoted are indicative rates only. You should verify term deposit rates Australia with the bank concerned before using the information that we provide for any financial investment.
These are the latest, highest and best Bendigo Bank term deposit rates currently available today.
Bendigo Bank Term Deposit Rates List:
6 Months | Interest Paid At Maturity 
$0 - $4,999.99=1.00% pa$5,000 - $24,999.99=2.30% pa
$25,000 - $49,999.99=2.40% pa
$50,000 - $249,999.99=2.50% pa
$250,000 - $499,999.99=2.60% pa
$500,000 Plus= 2.70% pa
12 Months | Interest Paid At Maturity
$0 - $4,999.99 = 1.25% pa
$5,000 - $500,000 Plus = 6.00% pa
Thanks for reading our Term Deposit Rates Australia.
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