Are you looking for a way to save money and reach your financial goals? Judo Bank offers a competitive range of term deposits that can help your money grow. You can access this special offer online through NetBank and the CommBank app, or visit your nearest branch. Business customers should contact their relationship manager or visit the nearest branch to open a new term deposit with the special offer. There are no establishment or establishment fees.
If you want to withdraw your term deposit before it expires, you must notify us 31 days in advance. You may incur an advance interest payment, an adjustment and an administrative fee. The following rates apply to funds in the term deposit holding line. When your funds are in the withholding mechanism, they are renewed at a fixed interest rate every seven days until we receive your withdrawal or reinvestment instructions for an agreed fixed term of one month or more.
You can give us instructions at any time, once you decide what you want to do. If you reinvest on a day that is not an interest payment date, the new term will start from the last interest payment date. If funds are withdrawn before the next interest payment date, no interest is paid on funds deposited in the withholding system during the current seven-day interest period. If your fixed-term deposit remains in the holding center for more than 26 weeks, we will automatically renew it as a 1-month rolling term deposit at the then-announced exchange rate.The fixed rate of return means that you'll always know how much your investment is worth and you can plan how to use your profits.
View, control and manage your term deposit, along with your other accounts, on NetBank. Sign up and we'll send you an email, SMS, or a notification at NetBank before your term deposit expires so you can let us know if you want to flip it, remove it or make a combination of both.The target market for this product can be found in the Determination of the target market for the product, available here. The interest rates offered may change at any time without notice. CommBank recognizes traditional land owners across Australia as the continuous guardians of the country and culture.
We pay our respect to First Nations peoples and their elders, past and present.You can make an online request and link your term deposit directly to your existing Macquarie cash management account (CMA), giving you more flexibility to manage your investments and control your cash flow. In addition to requiring up to 31-day notice, most banks will also charge a reduction in the interest rate relative to the length of the term that has expired.It contains the details of your term deposit, including your term deposit account number and the rate, and must be received within standard postal hours. If that's the case and you're happy with the new interest rate and the term it's being transferred to, you can sit back and let the bank do all the work.Mutual banks highlighted a week of movement in term deposits, and G%26C Mutual Bank now offers one of the highest 12-month deposit rates in the market. A term deposit loyalty bonus is a bond with a small interest that you can get in addition to the advertised term deposit rate and generally applies if you decide to renew your term deposit or take out a new one with the same institution.A term deposit allows you to keep your money for a certain period of time at a guaranteed interest rate, while a savings account gives you access to your money at any time but has an interest rate that can change.
If you're not careful, this condition can leave your money stuck in a term deposit you didn't want. Term deposits can be a practical alternative to savings accounts to earn interest on leftover cash but automatic renewal may leave your money behind.Once your account is opened, you can securely access and manage your term deposit on the Macquarie mobile banking app. The online bonus rate will automatically be applied to your term deposit rate when opening or renewing online.Yes, interest earned on term deposits is taxable, as is interest on your regular income or account. Term deposits are very basic investment products so you're not likely to find one that is packed with advanced features.
Each ADI (authorized deposit-receiving institution) that offers term deposits will have different offer terms.
