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Bendigo Bank Term Deposit Rates

 

Interest rates quoted on a per annum basis and are subject to change without notice. Interest is calculated daily and paid or credited as specified. Exact term in months or maturity date must be specified when applying for Term Deposits. Bendigo Bank executives are confident an improving housing market and jobless rate will further help lending and deposits after a 1.9 per cent rise in first-half cash earnings. Australia's fifth-largest retail bank on Monday reported cash earnings after tax of $219.7 million, higher than the previous first half. The interest rate for this one year product is at maturity and deposit balances ranges requires a minimum of $5000 up to amounts over $500,000. Please note other options to get paid interest include monthly, quarterly and half yearly but with vary interest rates. The rate of 1.15% is 0.32% lower than the average 1.47%. Term Deposits are a great way to grow your money safely and securely. With the certainty of a fixed rate of return, you'll always know what your investment is worth. Our Term Deposits are a secure way of earning high interest whilst providing you peace of mind knowing exactly how much your investment is worth.

Bendigo Bank Term Deposits

At Patison Partners we are active supporters of the community.

In 2007 Bendigo Bank merged with Adelaide Bank to form the Bendigo and Adelaide Bank Group of companies or what is commonly known as Bendigo Bank today. The unique strengths of Adelaide Bank in wholesale finance and Bendigo in retail banking have combined and grown to be one of Australia’s largest retail banks, now servicing over 300.

As part of this, we support the Bendigo Bank and offer our clients the service of a Bendigo Banking Agency where our clients can make investments in Term Deposits.

Gone are the days of dealing with unhelpful banking staff when you are attempting to renew your term deposits.

Our friendly staff can assist you in managing your term deposit interest rate terms through our agency. We will also contact you when your renewal is approaching and take care of any documentation which may be required.

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Bendigo Bank Term Deposit Rates 2020

Term

Bendigo Bank Term Deposit Rates Today

Bendigo Bank offers businesses two types of term deposits - Standard and Gold. You can open a Standard term deposit by investing at least the specified minimum amount for a flexible investment period ranging up to five years. A Gold term deposit requires a larger minimum investment over a fixed term, which is currently one year.

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However, you can’t add funds to a Standard term deposit after the first seven days, and any withdrawals before the review date need to be done on request. If you’ve opened a Gold term deposit, you can add more funds over the year, but withdrawals may be restricted just as with a standard term deposit.

A Standard term deposit’s interest rate depends on the amount deposited, the frequency of compounding interest, and the deposit term. Further, this interest rate may apply irrespective of how often interest is compounded. On the other hand, Gold term deposits usually offer a flat interest rate no matter how large or small the deposit, with the interest likely compounded every quarter.

Rates

To find out about Bendigo Bank’s current business term deposit rates, visit the banks’ website.