Bendigo Bank Term Deposit Rates

Bendigo Bank offers businesses two types of term deposits - Standard and Gold. You can open a Standard term deposit by investing at least the specified minimum amount for a flexible investment period ranging up to five years. A Gold term deposit requires a larger minimum investment over a fixed term, which is currently one year.

A term deposit is an investment of cash placed with a financial institution for a fixed period of time, known as the term, with a fixed interest rate for your return at the end of the term. A term deposit is commonly referred to as a TD, but can also be known as a certificate of deposit or CD. Our term deposit offer high interest rates for fixed periods of time to reach your savings goals sooner. Visit us and find out more today! Business banking. Compare our range of business transaction and savings accounts designed to help maximise your business funds. Find out more online and get in touch today!

Bendigo Bank enables you to make short-term and long-term savings plans through its term deposits, and you get to choose from regular and gold term deposits. With a regular term deposit you can choose between different terms, and with a gold term deposit you can withdraw up to 25% of your original deposit any time you want.

However, you can’t add funds to a Standard term deposit after the first seven days, and any withdrawals before the review date need to be done on request. If you’ve opened a Gold term deposit, you can add more funds over the year, but withdrawals may be restricted just as with a standard term deposit.

A Standard term deposit’s interest rate depends on the amount deposited, the frequency of compounding interest, and the deposit term. Further, this interest rate may apply irrespective of how often interest is compounded. On the other hand, Gold term deposits usually offer a flat interest rate no matter how large or small the deposit, with the interest likely compounded every quarter.

Indian Bank Term Deposit Rates

To find out about Bendigo Bank’s current business term deposit rates, visit the banks’ website.

Bendigo Bank Term Deposits

At Patison Partners we are active supporters of the community.

As part of this, we support the Bendigo Bank and offer our clients the service of a Bendigo Banking Agency where our clients can make investments in Term Deposits. Free spins promo codes.

Gone are the days of dealing with unhelpful banking staff when you are attempting to renew your term deposits.