Get guaranteed returns: lock in rock-solid term deposit interest rates, and pay no account-keeping fees at all.


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 $2 million, for between one month and five years.


Get payouts monthly, quarterly, half-yearly, annually or at maturity.

Our term deposit rates.

Looking to stay up to date on our best term deposit rates? Leave your details and we'll keep you in the loop.

Get rate updates

Looking for business rates?


See how your savings can grow with competitive rates and zero bank fees.

Estimated return(1) $0.0 0.0% p.a. interest rate

Facts & fees.

Open an account.

Open now

You’ll need to have

  • about 5 minutes
  • your driver’s licence or passport
  • your tax file number
  • your bank account details

You’ll need to be

  • at least 12 years old
  • an Australian citizen or permanent resident
  • opening an account for personal use

What happens next

If we can verify you online, your term deposit will be open as soon as the funds are received – usually within two business days.

Don’t take our word for it.

Mozo Bank of the Year 2018

Mozo Bank of the Year 2018

Mozo named ME Australia’s Best Bank for having the widest range of highly-ranked products of any bank.

Money Minder of the Year Term Deposit 2018

Money Magazine Awards 2018

The Money Minder of the Year award recognised ME as the best place to stash your cash.

Mozo Experts Choice 2018 Term Deposit

Mozo Experts Choice 2018

Mozo placed ME's Term Deposit in the top 10% for delivering exceptional value or benefits to our customers.

Help & support.

Need more help? We got you.

Set up.

Opened your term deposit? Be sure to send your funds within three business days.

Funding your term deposit

Change up.

Set your instructions for when your term deposit matures.

Maturity instructions

Break up.

Need to withdraw your funds early? You’ll need to give at least 31 days notice.

Breaking your term deposit

Investing in property.

Thinking about investing? Get the low down on getting into brick and mortar.

Property investment

Online Savings Account.

Get cash-boosting rates with ME’s Online Savings Account.

Get saving

Business Term Deposit.

Got extra cash you’re looking to grow? Let the guaranteed interest roll in.

Put your money to work

The legal stuff.

The legal stuff.

Term Deposit Terms and Conditions

Interest rates are current as at 8am 11-Dec-2018 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 $2,000,000. For rates for amounts above $2,000,000, 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.
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.

Your total deposits in ME are protected up to a limit of $250,000. This protection is provided as part of the Financial Claims Scheme (FCS), which is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails. For more information about the FCS go to www.fcs.gov.au

Award notes
Money magazine, Money Minder of the Year is awarded to the provider most likely to have an account that delivers value for money and includes personal transaction accounts, children’s accounts, regular saver accounts, online saving accounts and term deposits

Mozo Experts Choice Award: The awards recognise products that deliver exceptional value or benefits to consumers. Judges base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity. Experts Choice Awards are awarded to the top 10% of products that meet the selection criteria in each awards category.

Mozo Bank of the Year award: Mozo recognised ME as the most successful bank over the last 12 months. Having picked up awards for best value in home loans, credit cards, savings accounts and term deposits, ME was found to have the widest range of highly-ranked products of any bank.​

Calculator information.

The Term Deposit Calculator calculates the approximate total interest earned in a term deposit based on the investment amount, term duration and interest rate (per annum) selected.

The calculator assumes that all months are 30 days long. The actual duration of our terms are in calendar months, and the interest earned depends on the number of days the term deposit is open for.

The interest rates displayed are for amounts from $1,000 up to $2,000,000 and are based on the term duration and interest payment frequency selected. Contact ME for rates on amounts above $2,000,000.