Business Term Deposit

Product Features

• Other Additional Information: The reassurance of a guaranteed return on your investment.

• Other Additional Information: Avoid market fluctuations with a specific amount locked away at a fixed interest rate (with no immediate access to funds during the term)

• Other Additional Information: Choose a term length that matches your business cycle

• Other Additional Information: Add 0.10% p.a. to these rates if you're already with Bank of Melbourne and opening or renewing online. It?s only available to existing customers who bank online and in the app.

• Other Additional Information: Earn Interest: Interest can be paid at maturity, annually, half yearly or monthly.

• Other Additional Information: Flexibility : Flexible maturity options from 1 month to 5 years.

• Other Additional Information: Business customers are eligible to open an account and can open account either by Branch, Phone, online.

• Other Additional Information: Opening Confirmation, Maturity, Reinvestment and Repayment advices are sent as regular advices

• Digital Banking Additional Information: Internet Banking, Phone Banking, Branch banking , Bank @post options are available

• Other Additional Information: Interest payment options are available

Product Eligibility

• Min Age - 18. Additional Information: 18+ years old

• Business Additional Information: Operating in Australia with an Australian address.

• Other Additional Information: You must be an existing Bank of Melbourne banking customer

• Other Additional Information: Online application and online bonus rate available for personal customers and sole traders only.

 Limitations & Restrictions (Constraints)

• Min Balance of 1000.00 Additional Information: Minimum Opening Balance

• Max Balance of 2000000.00 Additional Information: Maximum Balance

Document Downloads

  term-deposits-tandc.pdf (400.4 KB)