Term deposits

The Term Deposit investment option invests in the fixed term deposit products of Australian Authorised Deposit-taking Institutions (ADIs) chosen by Mine Wealth + Wellbeing, such as banks, building societies and credit unions.

We recommend you read the Mine Wealth + Wellbeing Pension Product Disclosure Statement and seek financial advice before investing in the Term Deposit.

Latest Term Deposit interest rate

Note: We've chosen these term deposits from a panel of authorised deposit-taking institutions reviewed weekly. The interest rates nominated below don't take into account any fees and taxes that may be deducted on maturity.

Investment term Issuer

Interest rate
For applications received by 5pm on Wednesday,
25 October 2017

Six Months Westpac Bank 2.40% per annum
One Year ME Bank 2.80% per annum

Transaction Account interest rate

The current gross interest rate for the Transaction Account is shown below. The interest you’ll receive will fluctuate with movements in the Reserve Bank of Australia’s cash rate.

Transaction Account interest rate at 3 August 2016 is 1.60% pa

About your term deposit investment

Valid applications received by us by 5pm on a Wednesday when rates have been published for that week will be invested that week. If you don't make this cut off you'll be invested the week we next have a term deposit available.

See our Product Disclosure Statement and Term Deposit fact sheet for more information.