Ensure that the profits from your investments are being used to grow your wealth, not pay unnecessary fees. Our Term Deposits are free from account setup, monthly account keeping or service fees, so you can invest with confidence.
Too busy to track stocks, monitor the housing market, horde piles of gold and predict the future? Or wanting to diversify your investments?
Look at a Term Deposit with Gateway Bank, providing you an investment with certainty and stability. Lock in a great interest rate for the term of choice between 3 months and 5 years, and build your wealth with a guaranteed return on your Term Deposit account.
Term Deposits allow you to plan for your future and invest with confidence, knowing that you will receive a higher rate of return than many savings accounts over a fixed term. Take advantage of our competitive interest rates, no monthly account or service fees, and seamless interest payments directly into your Everyday Account.
Savings & Bank Accounts |
|
|---|---|
| Monthly Fee : | $0 |
| Annual Fee : | $0 |
| Minimum Amount : | $1,000 |
| Cheque Book : | No |
| Funds Available : | If the deposit or any part of it is withdrawn before maturity, an interest rate adjustment fee will apply. |
| ATM/EFTPOS Access : | No |
| Online & Phone Banking : | No |
| Direct Entry (Credit/Debit) : | No |
| Interest Income : | Compounding interest option available for various terms |
| Debit Card : | No |
| Branch Access : | No |
| BPAY® : | No |
| Overdraft : | No |
| Periodic Payments : | No |
5 month and 12 month Term Deposits have a 31 day notice period for early withdrawal. Please take this into consideration when selecting the appropriate product.
* For terms greater than 12 months, interest must be paid at least annually.
