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Term Deposits

Earn great returns with an IMB Term Deposit - a secure way to grow your savings for the future.

4.75

% p.a

6 Month Term Deposit

Minimum $5,000, interest paid on maturity.1

Features

Earn great returns with an IMB Term Deposit. An IMB Term Deposit offers competitive returns for terms from 1 month up to 5 years for amounts of $1,000 or more. Term Deposits are a secure way to grow your savings for the future.

Competitive interest rate fixed for the full investment term

Negotiable interest rates available for investment amounts over $100,000 (IMB's NITA product).

Regular statements to keep you up to date on your account


Option for regular interest payments

Things you should know:

If you need to access your funds prior to maturity you can. Any withdrawals (including partial amounts) will incur an interest rate reduction.

If you do not give us instructions at maturity, your funds will be reinvested and standard interest rates at the time apply, not special interest rates (which may be higher)

Rates

Interest Paid on Maturity

Interest paid annually (every 365 days)

Interest paid 6 monthly and on maturity

Interest paid monthly (every 28 days)

Interest paid fortnightly (every 14 days)

Applying for a term deposit is easy

Understand the important information

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

Contact us

Have your ID ready

Have your ID handy so we can verify your identity  (open to Australian residents, 13 years and over)

Need support?

Contact us

Get in touch with one of our Australia-based team.

Locate us

Our friendly branch staff are looking forward to helping you achieve your financial goals.

Got a question about term deposits?

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

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

What is a Term Deposit?

How can I open a term deposit?

What are the interest rates for IMB's Term Deposits?

why us

IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years.

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Your security, our priority

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

Important Information

General
Information current at date of appearance and subject to change. You should consider the PDS before making a decision about IMB products and facilities. Target Market Determination available here.

Prepayment

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.

Reinvestment

If you do not give us instructions at maturity, your investment will be reinvested for the same term (or the closest available term) at the applicable standard interest rate for that term at the time, not a special interest rate (which may be higher).

Rates and features
1. Rates and terms negotiable for amounts of $100,000 and over held in a Negotiable Interest Term Account. 6 month term is treated as 183 days for the purposes of term length and interest calculations.

2. Available for Term Deposits opened online. At maturity, interest rates, investment terms, minimum deposit amounts and interest payment frequencies available in branch or over the phone are available for reinvestment of Term Deposits opened online. If you do not give us instructions at maturity, the standard interest rates available in branch / over the phone apply to reinvestment of Term Deposits opened online, not these special interest rates. Find more information about our Term Deposits opened online.