Term Deposit Interest Rates

Interest Paid on Maturity

Term (months)

Interest Rate

$1,000.00 -
$4,999.99

$5,000.00 -
$24,999.99

$25,000.00 -
$49,999.99

$50,000.00
and over

Minimum investment $5,0001

3 Month Special

0.00

% p.a.

4.20

% p.a.

4.20

% p.a.

4.20

% p.a.

6 Month Special

0.00

% p.a.

4.75

% p.a.

4.75

% p.a.

4.75

% p.a.

12 Month Special

0.00

% p.a.

4.70

% p.a.

4.70

% p.a.

4.70

% p.a.

Minimum investment $1,0001

1 - 3 Months

1.00

% p.a.

1.00

% p.a.

1.00

% p.a.

1.00

% p.a.

3 - 6 Months

1.25

% p.a.

1.25

% p.a.

1.25

% p.a.

1.25

% p.a.

6 - 9 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

9 - 12 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

12 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

Interest paid annually (every 365 days)

Term (months)

Interest Rate

$1,000.00 -
$4,999.99

$5,000.00 -
$24,999.99

$25,000.00 -
$49,999.99

$50,000.00
and over

Minimum investment $5,0001

24 Month Special

0.00

% p.a.

4.00

% p.a.

4.00

% p.a.

4.00

% p.a.

36 Month Special

0.00

% p.a.

4.00

% p.a.

4.00

% p.a.

4.00

% p.a.

48 Month Special

0.00

% p.a.

4.00

% p.a.

4.00

% p.a.

4.00

% p.a.

60 Month Special

0.00

% p.a.

4.00

% p.a.

4.00

% p.a.

4.00

% p.a.

Interest paid 6 monthly and on maturity

Term (months)

Interest Rate

$1,000.00 -
$4,999.99

$5,000.00 -
$24,999.99

$25,000.00 -
$49,999.99

$50,000.00
and over

Minimum investment $1,0001

6 - 9 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

9 - 12 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

12 - 24 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

24 - 36 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

36 - 48 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

48 - 60 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

60 Months

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

2.00

% p.a.

Interest paid monthly (every 28 days)

Term (months)

Interest Rate

$1,000.00 -
$4,999.99

$5,000.00 -
$24,999.99

$25,000.00 -
$49,999.99

$50,000.00
and over

Minimum investment $5,0001

12 Month Special

0.00

% p.a.

4.60

% p.a.

4.60

% p.a.

4.60

% p.a.

24 Month Special

0.00

% p.a.

3.93

% p.a.

3.93

% p.a.

3.93

% p.a.

3 - 6 Months

0.00

% p.a.

1.20

% p.a.

1.20

% p.a.

1.20

% p.a.

6 - 9 Months

0.00

% p.a.

1.95

% p.a.

1.95

% p.a.

1.95

% p.a.

12 - 24 Months

0.00

% p.a.

1.95

% p.a.

1.95

% p.a.

1.95

% p.a.

24 - 36 Months

0.00

% p.a.

1.95

% p.a.

1.95

% p.a.

1.95

% p.a.

36 - 48 Months

0.00

% p.a.

1.95

% p.a.

1.95

% p.a.

1.95

% p.a.

48 - 60 Months

0.00

% p.a.

1.95

% p.a.

1.95

% p.a.

1.95

% p.a.

60 Months

0.00

% p.a.

1.95

% p.a.

1.95

% p.a.

1.95

% p.a.

Interest paid fortnightly (every 14 days)

Term (months)

Interest Rate

$1,000.00 -
$4,999.99

$5,000.00 -
$24,999.99

$25,000.00 -
$49,999.99

$50,000.00
and over

Minimum investment $2,0001

12 Months

1.90

% p.a.

1.90

% p.a.

1.90

% p.a.

1.90

% p.a.

Applying for a term deposit is easy

Understand the important information

Read the product information, terms and conditions, and fee information

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Got a question on Term Deposit?

What is a Term Deposit?

How long do I have to provide instructions for the maturity of my term deposit?

How can I provide instructions for the maturity of my term deposit?

How can I open a term deposit?

I want to invest more than $100,000, how can I discuss a Negotiable Interest Term Account (NITA)?

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Security is a fundamental right for our customers, and we hold it as one of our core values.

Important Information

Information current at 6th March 2024 and subject to change. You should consider the IMB Member Guide to Transaction Banking - Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determinations available here.

Prepayment of your investment amount (i.e. withdrawal in part or full prior to maturity) will be allowed by us. However, any amounts withdrawn before maturity will incur the following interest rate reduction:

  • if the interest rate on your Account is higher than 3% p.a., the interest rate reduction is 3% p.a. for 12 months or the full term of the investment if that is 12 months or less;
  • if the interest rate on your Account is 3% p.a. or less, the interest rate is reduced to 0.10% p.a. for 12 months or the full term of the investment if that is 12 months or less.

If upon maturity of your term deposit you do not provide contrary instructions, your investment will be reinvested for the same term at the standard interest rate applicable at that time, which may be higher or lower than your current rate, and this will constitute a new facility. 6 month term is treated as 183 days for the purposes of term length and interest calculations.

Rates and features

1. Rates and terms negotiable for amounts over $100,000.