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.

Rate rundown.

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

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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.


Apply 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.

CANSTAR Bank of the Year Awards 2017
Winner Best Term Deposit

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 24-Feb-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.
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.

Award notes

Canstar Bank of the Year Award: The award aims to give recognition to the institutions who offer quality term deposit products across rates, terms and product features. The winners were awarded points for their comparative pricing and the array of positive features attached to the product.

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.