A term deposit is a deposit that is held for a set period of time. You can invest over the short or long term with a choice of terms between 1 and 12 months, together with 24 and 36 month options.
The term does not have to be in whole months. If you know that you want access to the term deposit funds on a particular day, we will set the maturity for that date.
Unless you specify otherwise, we will rollover your term deposit on maturity for a similar term at the prevailing term deposit interest rate for that term. You don't have to do anything! If you wish to change the term on maturity you can do this any time up to seven days after the maturity date, by calling 1300 884 783.
With Internet Banking you can check your account details at any time.
If you would like to lock-in one of our competitive longer term deposit rates, but don't want to wait until the maturity date to receive your interest, you can choose monthly or quarterly term deposit interest payments. This option is available for 12, 24 and 36 month terms.
The term deposit interest can be paid to you by cheque, by transfer to another account with The Rock, or by electronic transfer to your account with another financial institution.
12 Month Term Deposit
$5,000 minimum deposit.
View all deposit interest rates.
Let us know how much you would like to invest, and your contact details below, and one of our local experts will call you to help set up your account.
^For these terms, interest can be paid other than on maturity. Where this occurs the interest rate quoted will be reduced by 0.20%.
At The Rock, we strive to do the kind of things we believe other banks should be doing. Like offering local, friendly service backed by competitive products and giving back to the communities we’re part of.
Having been around for more than 50 years, we’re experts in transaction facilities, savings accounts and lending products and offer a range of comprehensive insurance products through a partnership with CGU, a leading Australian insurance provider.
We’re all about exceeding our customers’ expectations and we’ve built a strong reputation offering a wide range of financial services right across Australia.
The Rock - A division of MyState Bank Limited (MyState) ABN 89 067 729 195 AFSL 240896 Australian Credit Licence Number 240896. A wholly owned subsidiary of MyState Limited ABN 26 133 623 962.