Renew or manage your Term Deposit

Term Deposit about to mature? Here’s what you can do.

Options for a maturing Term Deposit

  • Check the latest rates, which may include bonus rates, and renew your Term Deposit online, or

  • Ask to have the funds paid to your BankSA account (or another account in Australia)

You can provide maturity instructions at any time in Online Banking by selecting the account and following the prompts.

Benefits of renewing online

  • Check for bonus interest, which will include 0.10% p.a. online bonus rate when you renew (or open a new Term Deposit as an existing customer) online

  • Wide range of term options, so you can choose what suits you best

4.30% p.a. special offer1

4.30% p.a. online offer comprises 4.20% p.a. special fixed rate offer for 11 months1, plus 0.10% p.a. online bonus rate2 for opening or renewing online. It’s available to BankSA personal and business customers who open or renew a $1,000-$2,000,000 Term Deposit after 8/04/2025. Rate applied to account with interest paid at maturity. Terms and conditions apply.

Get started

Important information


1. Special Offer 
  • Existing BankSA personal and sole trader customers taking up a Special Offer Term Deposit.
  • Opened, or renewed during the grace period, via Internet Banking, the App or by talking to us. Not available in Business Banking Online.
  • Not available for Financial Institutions or Government customers.
  • For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
  • We reserve the right to withdraw, amend or extend the offer at any time.
  • Rate and offer apply for a single term.
  • Higher or lower rates may apply for subsequent terms.
  • You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
  • If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.


2. Online Bonus Offer 
  • Term Deposits opened or renewed during the grace period via Internet Banking or the App only. Not available in Business Banking Online.
  • The bonus offer will be applied in conjunction with any other rate offer that may apply.
  • Not available for customers who are not able to open or renew via Internet Banking (e.g., some joint accounts), business customers except sole traders or Term Deposits held as security.
  • For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
  • We reserve the right to withdraw, amend or extend the offer at any time.
  • Rate and offer apply for a single term.
  • Higher or lower rates may apply for subsequent terms.
  • You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
  • If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.