Features.

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

Get free.

No set-up fees, no account-keeping fees. It’s your cash, and it stays that way.

Get flex.

Invest as little as $5000 or as much as $2 million, between one month and 60 months.2

Government guarantee.

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

Learn more.

Calculate your estimated return.1

See how your savings can grow with competitive 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?

We’re good as gold with nest eggs.

For the fourth year in a row Money Magazine has awarded ME ‘Money Minder of the Year’ as the best place to stash your cash.

Facts & fees.

Help and support. 

Make a deposit in 5 minutes.
 

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.

Understanding term deposits.

From putting money into your term deposit to changing your term deposit maturity instructions, get the lowdown on term deposits with ME. 

How to save using a term deposit
 

Get more from ME.

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

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

The legal stuff.

The legal stuff.

Term Deposit Terms and Conditions
Electronic Access Terms and Conditions

  1. Interest rates are current as at 8am 18-May-2022 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 between $5,000 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 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.