• Bank accounts

Term Deposit

Fixed Term Deposit

Lock away your money for a period of time and get a guaranteed return1.

Apply now Reinvest

Everyday benefits

  • Earn a competitive interest rate
  • No setup or monthly fees
  • Flexible interest payment options
  • Suitable for DIY / Self Managed Super Funds

What you get

Special offer:

Earn 2.55% p.a. for 12 months on balances $1,000 to less than $250,000 with interest paid at maturity1

Interest is calculated daily (calculate what you could earn), can be paid at maturity, annually, half yearly or monthly

Flexible maturity options: 1 month to 5 years

Interest rates

Read more about interest rates

Reinvest?

Three easy options when your investment matures

Options when your investment matures.

To reinvest a Term Deposit via Internet Banking please follow these steps:

  • Logon to Internet Banking
  • From the 'My Accounts' page select the 'Renew now' link. (Please note, the renew now link will only be available when your Term Deposit is in its grace period)
  • Choose renewal options and complete the online form
  • You will be presented with a confirmation screen to ensure that all the information provided is correct and accurate.

You can also reinvest a term deposit at any BankSA  branch during business hours or by calling us on 1800 804 411.

How to apply?

Apply now

Get started today

Call 1800 804 411

Please say "New account" when prompted

Drop in

Find your nearest branch

Important information

Conditions apply.

Find out what information you need to provide to become a customer.

Special rates will apply for a single term. Standard Term Deposit rates may apply for any subsequent term. Special rates are not available for corporate, institutional or government customers.

Before making a decision, it's best to read the terms and conditions and important information document.

Please read these documents and keep a copy. You can request a paper copy at your local branch.

The advice on our website is prepared without knowing your financial circumstances. Before you act on this or any advice, please consider if it's right for you. If you need help, call 1800 804 411.

BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518

24/7 access is subject to systems availability. Daily transaction limits apply.

1. Following lodgement of the minimum balance requirement, the rate is guaranteed for the term of the investment. Returns may be reduced if an amount is withdrawn on a minimum 31 days’ notice prior to maturity. Term deposits are "protected accounts" under the Financial Claims Scheme (FCS). Payments under the FCS are subject to a limit for each depositor. For more information see the APRA website at http://apra.gov.au