Choose a timeframe. Deposit your money.
Know the outcome.
Enjoy the certainty of knowing
your investment return.
Invest with the certainty of a fixed interest rate. If you're happy to lock away funds for a set period of time, a term deposit will give you certainty of a fixed interest rate along with a choice of terms from one month to five years.
You also get
$0 fees
No setup or monthly fees
Competitive rate
Earn a competitive interest rate
Simple online renewal
Easily renew online with internet banking at the end of your term
Flexibility
Flexible term options from one month to five years (60 months) for balances between $1,000 and $250,000
Feature rate
2.45 ^{%} _{P.A.}
for 12 months
Special offer
On balances between $1,000 and $250,000 with interest paid on maturity.
Our Term Deposits have
no setup, monthly or transaction fees
If you break your term, you must give 31 days notice and there are conditions and penalties. Please read the detailed terms and conditions before making a decision.
Our best interest rates

2.15% p.a. for 6 months with interest paid at maturity

2.50% p.a. for 24 to less than 36 months with interest paid annually

2.70% p.a. for 48 to less than 60 months with interest paid annually
$1,000 to less than $5,000  $5,000 to less than $20,000  $20,000 to less than $50,000  $50,000 to less than $100,000  $100,000 to less than $250,000  

1 to less than 2 months  1.50% p.a.  1.50% p.a.  1.50% p.a.  1.50% p.a.  1.50% p.a. 
2 to less than 3 months  1.70% p.a.  1.70% p.a.  1.70% p.a.  1.70% p.a.  1.70% p.a. 
3 to less than 4 months  2.05% p.a.  2.05% p.a.  2.05% p.a.  2.05% p.a.  2.05% p.a. 
4 to less than 5 months  1.85% p.a.  1.85% p.a.  1.85% p.a.  1.85% p.a.  1.85% p.a. 
5 to less than 6 months  1.85% p.a.  1.85% p.a.  1.85% p.a.  1.85% p.a.  1.85% p.a. 
6 to less than 7 months  2.15% p.a.  2.15% p.a..  2.15% p.a.  2.15% p.a.  2.15% p.a. 
7 to less than 8 months  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a. 
8 to less than 9 months  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a. 
9 to less than 10 months  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a. 
10 to less than 11 months  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a. 
11 to less than 12 months  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a.  1.90% p.a. 
12 months  2.45% p.a.  2.45% p.a.  2.45% p.a.  2.45% p.a.  2.45% p.a. 
How to open a Term Deposit account
1.
Read the Terms and Conditions
2.
Give yourself a few minutes
3.
Have your Tax File Number (TFN) ready
Frequently asked questions
Deposits
 Fund or add funds when you reinvest your Term Deposit at maturity using BPAY®.
Withdrawals
 If you wish to withdraw funds prior to maturity, you must provide a minimum 31 days’ notice from 01/01/2015 (except in cases of hardship). Interest rate adjustments will normally apply where funds are withdrawn prior to maturity. See our Terms and Conditions for more details.
How to renew your Term Deposit online
There are 3 steps to renewing your BankSA Term Deposit online.
1.
Logon to Internet Banking
2.
Select 'Renew now' from the 'My Accounts' page
3.
Choose renewal options and confirm your details
In Detail
Before making a decision, please read the Terms and Conditions and ensure you're aware of all access terms, break costs and applicable interest rates.