ANZ Bank 12 Month Term Deposit

Advertisements

ANZ Bank offers a 12-month term deposit account that allows you to lock in your interest rate for a period of 12 months. This can be a good option if you are looking for a safe and secure way to save money and earn a guaranteed return.

Interest rate on a 12-month term deposit at ANZ Bank

The interest rate on a 12-month term deposit at ANZ Bank is currently 3.60% p.a. This interest rate is fixed for the 12-month term of the deposit.

There are a number of benefits to opening this term deposit at ANZ Bank, including:

  • Fixed interest rate: The interest rate on a 12-month term deposit at ANZ Bank is fixed for the 12-month term of the deposit. This means that you know exactly how much interest you will earn on your investment.
  • Guaranteed return: It offers a guaranteed return on your investment. This means that you can be confident that you will earn at least the advertised interest rate on your deposit.
  • Safe and secure: ANZ Bank is one of the largest and most trusted banks in Australia. Your deposit is protected by the Australian Government’s Deposit Guarantee Scheme up to $250,000 per depositor, per bank.

How to open a 12-month term deposit

You can open a 12-month term deposit at ANZ Bank online, over the phone, or at an ANZ branch. To open a term deposit online, you will need to create an ANZ account or log in to your existing account.

Once you have logged in, you will need to select the term deposit product that you want to open and enter the amount of money that you want to invest.

Advertisements

You will also need to provide some personal information, such as your name, address, and date of birth.

The minimum investment for a 12-month term deposit at ANZ Bank is $5,000.

You will receive your interest payments at the end of the 12-month term of the deposit. You can choose to have your interest payments paid into your ANZ account or into another account of your choice.

Can I withdraw money from my 12-month term deposit early?

You can withdraw money from your 12-month term deposit early, but you will be charged an early withdrawal fee. The early withdrawal fee is calculated as a percentage of the interest that you have earned on your deposit.

Advertisements

Leave a Reply

Your email address will not be published. Required fields are marked *