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


Get payouts monthly, annually or at maturity.

Our term deposit rates.

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

Looking for business rates?


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

Facts & fees.

Open an account.

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.

Don’t take our word for it.

Money Minder of the Year Term Deposit 2021

We’re on the Money (again).

Money Magazine awarded ME Money Minder of the Year as the best place to stash your cash in 2021…and 2020, 2019 and 2018.

Rate City Award 2020 12 month Term Deposit

They rate ME. They really rate ME.

 RateCity awarded ME the best 12-month Term Deposit account – with a Gold Award.

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

Preparing for retirement.

Almost done with the nine-to-five grind? Time to get your retirement savings in order.

Retiring right

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
Electronic Access Terms and Conditions

  1. Interest rates are current as at 8am 22-Jan-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.
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 across personal savings, online and cash management accounts and term deposits.

RateCity’s awards are based on our market-leading Real Time Ratings™ system, which gives every term deposit in our database a score out of five based on interest accrued over the duration of the term deposit. Importantly, our ratings are run daily, which means we capture important changes as soon as they happen, unlike some other awards programs that only rate products at a handful of points in time. To determine the winners, we average the daily Real Time Ratings™ over a three-month period to identify the banks that have consistently offered competitive term deposit rates. The award is based on a $50,000 deposit as well as the time period stipulated and the top 10 per cent of products in each category receive a Gold Award.

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.