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Interest Rates for Term Deposits

Frequently asked questions: Term Deposits

What are Term Deposits?

A Term Deposit allows you to lock away an amount of money at a fixed interest rate for a nominated time period.  Your return on investment is guaranteed – this means you’ll know exactly what your investment is worth at the end of the term. You can choose the investment amount and time period that suits your needs, plus there are options to receive interest payments over the life of the term deposit.

Fixed Term Deposits issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No: 229882 (“Suncorp Bank”). Advertised rates not available for alternative Interest Payment frequencies. An interest adjustment will apply to early withdrawals. Other Fees and charges may apply.

Minimum deposits and withdrawals may apply. Please read the Product Information Document before making any decision regarding this product. For a paper copy visit your local branch or contact us on 13 11 55.

*The Financial Claims Scheme (FCS) under the Banking Act 1959 applies to the deposit accounts you have with us. You may be entitled to a payment under the Financial Claims Scheme in some circumstances. Payments under the Financial Claims Scheme are subject to a limit for each customer. Information about the Financial Claim Scheme can be obtained from the Financial Claim Scheme website at www.fcs.gov.au.

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