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Money doesn’t grow on trees, but it will in your term deposit.

Our interest rates always remain competitive, so you can safeguard your savings and enjoy the windfall at maturity.

  • Pick from a variety of interest rates
  • Secure your funds between 3 and 24 months
  • We calculate your interest daily

Our latest rates

Term $2,000 to $4,999 $5,000 to $24,999 $25,000 to $49,999 $50,000 or more
3 Months 0.50% p.a. 0.50% p.a. 0.55% p.a. 0.60% p.a.
6 Months 0.55% p.a. 0.55% p.a. 0.60% p.a. 0.60% p.a.
9 Months 0.55% p.a. 0.55% p.a. 0.60% p.a. 0.60% p.a.
12 Months 0.60% p.a. 0.60% p.a. 0.65% p.a. 0.65% p.a.
24 Months 0.55% p.a. 0.60% p.a. 0.60% p.a. 0.60% p.a.

Important Notes
Eligibility criteria, terms and conditions, fees and charges apply. All Term Deposit interest rates are per annum. Interest rates may be negotiable for deposits $50,000 and over. Interest is calculated daily at the interest rate advertised for the term and are paid on maturity of the investment. Interest rates are current as of 05/07/2021. Product may be withdrawn at any time without prior notice. Product issued by Woolworths Team Bank Limited.

Deposit your money, watch it grow

(1) Become a member if you aren’t one already.
(2) Fill out an application in just a few minutes.
(3) Send your enquiry. It’s that easy!

Or, call 1300 665 553

Monday – Friday (8:30am to 4:30pm)

Additional Information

Key Features
Availability of funds Funds withdrawable at maturity
Minimum to open $2,000
Interest income Calculated daily, paid annually and on maturity
Early access available On application and subject to early withdrawal restrictions above

Get started today

Apply for a term deposit


If you have any questions, please contact us