Term Deposits

We make it easy to earn a competitive interest rate.

Get more out of your money!

At Auswide Bank we've helped thousands of people reach their goals sooner with a Term Deposit.

You can lock into a competitive interest rate that’s protected for your fixed term.

Whether you invest $500 or $5million, we'll help you make your money grow!

Contact us soon to find out how much you could earn.

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With an Auswide Bank Term Deposit, you can enjoy:

  • No account or transaction fees
  • Competitive interest rates for the duration of your deposit
  • Invest from $500
  • Investment terms from one month up to 5 years
  • Easy deposits in branch or via direct credit or bank transfer
  • Select the timing of interest payments to suit your needs
    • On maturity (at the end of the term agreed to);
    • Monthly (on anniversary of the date of deposit);
    • Quarterly - March, June, September, December (on anniversary of the date of deposit); or
    • Yearly (on anniversary of the date of deposit).
  • Select the method of interest payment to suit your needs
    • Reinvested by you together with your principal into a completely new term deposit;
    • Credited automatically to any of your other Auswide Bank accounts;
    • Credited automatically to an approved account at another financial institution;
    • Posted to you by cheque; or
    • If you elect to have interest paid on maturity, unless you advise us to the contrary, your interest will be automatically reinvested together with your principal in a new term.
  • A range of options on maturity ^
  • Personalised Investment Record and free statements
  • This account is protected by the Australian Government deposit guarantee. Up to $250,000 of deposits in 'protected accounts' held by an entity with Auswide Bank are covered under the Financial Claims Scheme

Fees & Charges

No fees or charges apply.


Early Withdrawal/Closure – interest adjustment may apply

Interest rates are offered on the basis that you agree to invest an amount of money for a certain length of time.

You can withdraw all of your term deposit funds at maturity without incurring an interest rate adjustment.

We may allow you to access your term deposit funds before maturity, however you will lose a proportion of the interest. The amount of interest charged as an interest rate adjustment will depend on how early in the term you seek to access your funds - as outlined in this table:

Proportion of term completed Interest rate reduction
Up to 5% 95% of your deposit
Up to 25% 80% of your deposit
Up to 50% 60% of your deposit
Up to 75% 40% of your deposit
Up to (but not including) 100% 20% of your deposit

3 calendar days notice required for early withdrawals.

If, due to the interest payment frequency opted for, you have already received interest before the maturity date and you close your term deposit early - we will deduct a rate adjustment from your final interest payment and/or principal.

Please review our Guide to Term Deposits for full details.

Interest Rates

The interest rate you receive will depend on the amount of money you wish to invest (the principal); the length of time you wish to invest it for (the term) and when and how you want the interest paid.

Please review our Term Deposits Interest Rate Schedule »


Open a new Auswide Bank account for personal use.

Step 1 - Complete and sign a New Client form for each individual Signatory or Authority to Access. (This form is not required if you are already a Signatory/Authority to Access on an existing Auswide Bank account).

Step 2 - Provide Auswide Bank with evidence of the identity of each Signatory/Authority to Access (as required by the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006). (Identification is not required if you are a Signatory/Authority to Access on an existing Auswide Bank account and you have previously provided identification).

Your identity can be verified by you providing your relevant identity documents in person at any Auswide Bank branch. Examples of acceptable identification documents are outlined on the Identification Requirements under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006. If you are sending your application by mail and you are unable to visit one of our branches, you will be required to lodge at your nearest Australia Post outlet, an Australia Post - Identity Verification Form along with your original and current identification documents as detailed on this form.

Step 3 - Complete a Term Deposit Application form and have it signed by each individual Signatory or Authority to Access and return along with a cheque/money order for the minimum opening balance or a completed and signed Direct Debit Request (DDR) form (in which case we will debit the amount from another financial institution account).

Step 4 - Once complete please return forms to your nearest Auswide Bank branch; or post to: Reply Paid 1063, Bundaberg QLD 4670; or alternatively, fax through to (07) 4152 3499.

Please allow 3 working days from receipt by Auswide Bank for processing.

Close my existing account at another financial institution

Normally you would contact the financial institution direct and ask them to close your account. However we can attempt to do this on your behalf.

Complete and sign an Authority to Close Account form. All signatories on the account at the other financial institution should sign.

Once complete please return form to your nearest Auswide Bank branch; or post to: Reply Paid 1063, Bundaberg QLD 4670; or alternatively, fax through to (07) 4152 3499.

Please allow 3 working days from receipt by Auswide Bank for processing.

Upon receipt from you, we will deliver the form to the other financial institution on your behalf.

This information is a summary of features & benefits only - full details are available in the relevant terms and conditions.

^ Upon maturity, unless you provide us with new instructions, your Term Deposit will automatically roll over for an identical term at the current interest rate applicable to that term. When your funds are renewed for the same fixed term as before, the applicable interest rate may be higher or lower than the interest rate that you received in the previous term due to the rates we offer changing from time to time. Alternatively at the end of your term, should you wish to modify your Term Deposit, you may notify us 2 calendar days before but no later than 7 calendar days after the maturity date and:

  • Transfer your investment to a different term deposit;
  • Deposit to or withdraw from the term deposit;
  • Have the full amount of your term deposit paid to any of your other accounts with Auswide ;
  • Have the full amount paid to you by cheque;
  • Use the funds to pay any of your bills by BPAY®

® Registered to BPAY Pty Ltd (ABN 69 079 137 518)