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Click to view term deposit interest rates
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Government Guaranteed Deposits
The Guarantee only applies to 'protected accounts' up to $250,000 per person.
For more information and for a list of protected Wide Bay Australia accounts Click here (PDF, 113KB).
To view PDF documents listed you may need to download the free Adobe Reader

Term Deposits

Security and a great rate

Whether you have $500 or $500,000 to invest we make it easy to earn a competitive interest rate...

We pay a competitive rate of interest on Term Deposits because you invest for a fixed term. Your interest rate is protected for that agreed term.

The Term Deposit you select and 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.


Competitive Interest   Lock into one of our great rates! (PDF, 108KB)!
Minimum Balance   We offer a range of term deposits from $500 or more. At most banks you will need $1000.
Investment Term   We offer terms from one month up to 60 months (5 years)
Interest Payment   The interest rate is fixed for the agreed term. You can elect to have interest paid:
  • 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).

When your interest is paid, it may be:

  • Reinvested by you together with your principal into a completely new term deposit;
  • Credited automatically to any of your other Wide Bay Australia 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.
Options on maturity   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 Wide Bay;
  • Have the full amount paid to you by cheque;
  • Use the funds to pay any of your bills displaying the BPAY® symbol
  • You will receive a personalised Investment Record showing all details of your Term Deposit
  • Free statement every 12 months (normally on the anniversary of your term deposit opening date)
  • Additional free statements or updated Investment Record on maturity - available on request
Deposit methods  
  • Cash or cheque deposit at a branch
  • Direct Credit from another financial institution to your Wide Bay Australia account
  • Transfer from another Wide Bay Australia account
Add-on   You can add to an existing Term Deposit two calendar days before but no later than 7 calendar days after the maturity date
Sub-Accounts   Operate more than one Term Deposit under the same number for different purposes.
Account Fee Concession   There are no account fees. You will also receive an automatic exemption on the monthly Account Fee for your Everyday Choice Account under your same client number.
Package Bonus   If you are a Wide Bay Australia home loan and/or line of credit customer with a Freedom Package you are eligible to apply for a Term Deposit bonus interest rate Package Benefit.

Wide Bay Australia Ltd ABN 40 087 652 060 (AFS Licence No: 239686) is the issuer of this account/these accounts and any non-cash payment facilities that may be used in conjunction with them. To decide if they are appropriate for you please carefully read the account Terms and Conditions.
® Registered to BPAY Pty Ltd (ABN 69 079 137 518)