Fixed Rate Saver

With our Fixed Rate Saver, you can put your money to work, safe in the knowledge of how much interest it’s going to earn you. Just choose the length of your term, deposit between $2,000 and $1,000,000 and prepare to earn interest at a fixed rate.

  • Choose how long you save for You’ve got five deposit terms to choose from –  3 months, 6 months, and 1, 2 or 3 years – and you can deposit any amount from $2,000 to $1,000,000

  • Get a great interest rate Earn between 0.45% AER/gross and 0.85% AER/gross, depending on the term you choose

  • Interest paid directly into your account We’ll pay your interest into the account you used to pay your initial deposit

  • Reinvest your savings Before the end of the term, we'll write to you to ask you if you want to withdraw your money, start a new Fixed Rate Saver or discuss your options

  • Know exactly what you'll get Your interest rate remains fixed throughout the term, so you’ll know in advance exactly how much interest you'll earn

  • Close early if you need to Provided the deposit is under $50,000, you can close the account early for a fee of 90 days’ interest. Do bear in mind that depending on when the withdrawal is made, you may get back less than you originally invested. If the deposit is over $50,000, you can't close your account or withdraw any money until the end of the deposit term

Apply for a Fixed Rate Saver

Know how much you’ll earn right from the start

 

How to apply for a Fixed Rate Saver Bond

Please read the important product information and check eligibility before you apply.

Key product information

How it works

You choose a deposit term for your Fixed Rate Saver. Available terms are:
- 3 or 6 months
- 1, 2 or 3 years

You can deposit anything from $2,000 to $1,000,000. The money is locked away in the savings account for the whole of the term.

The interest rate depends on the amount you deposit and the length of the term. As the rate is fixed in advance, you know exactly how much interest you will earn by the end of the term. See current rates

The interest is paid directly into your current or savings account - the same one you used to pay in your initial deposit.