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 our 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 || |
For applications received by 5pm on Wednesday,
23 August 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 less any applicable tax.
Transaction Account interest rate at 3 August 2016 is 1.36% pa
Invest in the Term Deposit investment option
You can invest in the Term Deposit at any time by completing the Invest in a term deposit form and posting, emailing or faxing it to us.
Invest in a term deposit form
For further information or advice give us a call on 13 MINE (13 64 63), 8am - 6pm, Monday to Friday AEST or AEDT when in operation.
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.