Get guaranteed returns: lock in a rock-solid term deposit interest rate, and pay no account-keeping fees at all.
Currently no set-up fees, no account-keeping fees. It’s your cash, and it stays that way.
Invest as little as $1000 or as much as $1 million, for between one month and five years.
Get payouts monthly, quarterly, half-yearly, annually or at maturity.
Looking to stay up to date on our best rates? Leave your details and we’ll keep you in the loop.
Looking for a business term deposit?
See how your savings can grow with competitive interest rates and zero bank fees. Calculate now.
Let's make beautiful banking together
Our great term deposit rates haven’t gone unnoticed – here are a couple of accolades we’ve picked up recently.
You can set up instructions for what happens when your term deposit matures. Let us know what you’d like – send us a secure mail by logging in to internet banking or call on 13 15 63.
If you haven’t set your maturity instructions, when your term deposit matures we’ll reinvest it for the same term and interest payment frequency, at the interest rate that applies on that day.
If we’ve automatically rolled over your term deposit, you can withdraw your cash within the next seven days without facing an early withdrawal interest adjustment.
If you need to, you can take the cash out of your term deposit early – but you need to give 31 days’ notice, and you’ll face an early withdrawal interest adjustment. You can find out how much your interest will be affected by calling us on 13 15 63
Still have a question? Find more answers
the legal stuff.
Term Deposit terms and conditions
Fees and charges guide
Interest rates are current as at 8am 24-Nov-2017 and subject to change.
Terms and conditions apply. Fees and charges may apply. This is general information only and you should consider if this product is right for you.
Rates are for deposits between $1,000 and $1,000,000. For rates for amounts above $1,000,000, contact ME on 13 15 63.
You will get the interest rate that applies to your term deposit on the day your complete application is received as long as funds are received within three business days of your application.
All terms are in calendar months. We offer terms between one month and 60 months.
Your total deposits with ME up to $250,000 are guaranteed under the Australian Government Financial Claims Scheme.
The above rates are based on interest paid at maturity for terms up to 12 months and interest paid annually and at maturity for terms greater than 12 months.
You can only withdraw funds from your term deposit by giving us 31 days prior notice for accounts opened or reinvested on or after 29 May 2016.
We will credit interest at the selected interest payment frequency and at the maturity of the term.