A term deposit is an investment of cash placed with a financial institution for a fixed period of time, known as the term, with a fixed interest rate for your return at the end of the term. A term deposit is commonly referred to as a TD, but can also be known as a certificate of deposit. Understanding the Step Rate APY. Minimum opening deposit $2,500 You get an automatic interest rate increase every six months during the term of the CD. The APY (Annual Percentage Yield) reflects the total interest that will be paid from all step rates during the term of the CD and assumes interest remains on deposit until maturity.

Bank Term Deposit Rates Nab

Term Deposit Interest Rates

Invest your savings in a Term Deposit with confidence of a guaranteed return. Term Deposits allow you to plan for your future and invest with confidence, knowing that you will receive a higher rate of return than many savings accounts. Gateway's deposits are guaranteed under the Government's Financial Claims Scheme.

Standard term deposits

Heritage Bank Term Deposit Rates

The following interest rates apply to standard term deposits where interest is paid at maturity or periodically to a savings account. For compounding term deposit interest rates, please see our Interest Rate Schedule.

Term Deposit Rates - Minimum $1,000