Term Deposit features.

With our term deposits, get fixed returns: lock in rock-solid interest rates, choose from a range of terms that suit you and pay no account-keeping fees at all.

Get fee free.

With no application or establishment fees and no account keeping fees, grow every cent you deposit.


With a term deposit from ME, you’re in the driver’s seat. You can decide your investment amount and how long you want to lock it away. Invest as little as $5000 or as much as $2 million, with terms ranging from between one month to 60 months.2

Fixed returns.

Wave goodbye to the guessing game and say hello to knowing exactly what your returns are going to be. With ME, you can lock in your investment amount and term length, ensuring you’ll know exactly what’s in store for your returns. 

Guaranteed savings.

Your term deposit savings are protected by the Australian Government's deposit guarantee. 

Learn more.

Here to help.

Got questions, concerns or queries? Say g’day to our Aussie call centre, which we keep here locally meaning top quality service and support when you need it. Have peace of mind knowing we’re here to help you with your term deposit. 

Resources to help manage your money.

Looking for more ways to save and grow your money? You can find a wealth of resources at ME’s Money Management Hub, with bite sized tips and lessons to get you financially fit. 

Money Management Hub.

Calculate your estimated return.1

See how your savings can grow with competitive term deposit rates, zero bank fees and our fixed term deposits.

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

Our term deposit rates.

Compare our best term deposit rates to see which term is right for you.

Looking for business rates?

Facts & fees.

Open a term deposit.

Open now

You’ll need to have

  • about 5 minutes
  • your passport, Australian driver licence or Medicare card
  • 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.

Term Deposit Maturity.

Here are your options once your term deposit has matured.


Keep the good times rolling by reinvesting your now-matured term deposit into a new one - a bigger principal means bigger returns!


You can now take your initial investment and all your returns to spend (or save) to your heart's content. 

Adjust Your Maturity Instructions.

If you choose to reinvest your term deposit, you can change your instructions for all or part of your term. We’ll write to you approximately ten business days prior to the maturity of your term deposit to confirm your maturity instructions.

Tools & support.

Need more help understanding term deposits? We got you.

Set up.

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

Putting money into your term deposits

Change up.

Set your instructions for when your term deposit matures.

Changing your term deposit maturity instructions.

Break up.

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

Ending your term deposit early.

Understanding term deposits.

Whether you’re putting money into your term deposit or changing your term deposit maturity instructions, get the lowdown on term deposits with ME. 

How to save using a term deposit

Term Deposit Calculator.

Take the guesswork out of calculating the returns on your term deposit with our calculator.

Term deposit calculator


The legal stuff.

The legal stuff.

Term Deposit Terms and Conditions
Electronic Access Terms and Conditions

  1. Interest rates are current as at 8am 13-Jul-2024 and subject to change. 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.
  2. All terms are in calendar months. We offer terms between one month and 60 months.

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 of $5,000 and greater. For any queries contact ME on 13 15 63.

You will get the interest rate that applies to your term deposit on the day your account is opened.
We will credit interest at the selected interest payment frequency and at the maturity of the term.

Deposits are protected by the Australian Government’s Financial Claims Scheme, up to $250,000 per person per authorised deposit-taking institution.

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 across personal savings, online and cash management accounts and term deposits.

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 a year has 12 months of exactly equal lengths. Given some months are longer than others, actual interest earned will vary depending upon the month.

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 $5,000 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.

Did you find this page useful?
We're sorry, please tell us why?
Please leave your feedback before submitting.
Please note: This form is for website feedback, so enquiries won't reach our customer service team. If you need to get in touch, call or email us here.
Thanks for giving ME feedback.