Term Deposits

A great way to reach your savings goals, with competitive interest rates and a range of terms to suit your needs.

Get an even better rate for your savings

Lock in a great rate today and watch your savings grow.

Open your account now
Older couple walking on beach

Get the advantage with flexible, highly competitive benefits

Competitive interest rates

Fee free investment options

Choice of terms

Covered under government guarantee*

View our rates

Term Fixed rate
31 day term 1.95% p.a.
3 month term 1.95% p.a.
6 month term 1.95% p.a.
9 month term 1.75% p.a.
12 month term 1.75% p.a.
24 month term 1.25% p.a.

** Our member rates are available to members of MyLife MySuper or Catholic Super superannuation funds. Offer is limited to new funds to MyLife MyFinance and may be withdrawn at any time. No set up fees. Minimum deposit amount of $5,000. For amounts of $500,000+ please call 03 9629 4484 for a rate. Interest is calculated daily and paid on maturity.

Term Fixed rate
31 day term 1.75% p.a.
3 month term 1.75% p.a.
6 month term 1.75% p.a.
9 month term 1.75% p.a.
12 month term 1.75% p.a.
24 month term 1.25% p.a.

*** No set up fees. Minimum deposit amount of $5,000. For amounts of $500,000+ please call 03 9629 4484 for a rate. Interest is calculated daily and paid on maturity.

Looking for more from your bank? Become a member of MyLife MySuper or Catholic Super 
superannuation funds to receive exclusive member rates from MyLife MyFinance.

Become a member today

Ready to take the next step?

We're here to discuss your options and get you there

Open your account now

Need information? Call us on 03 9629 4484

Request a callback

Call Back Request

Want to find out more but don't have time to call? Leave your details below and we'll call you when it suits you.
Preferred time of phone call
(8:30am -12:00pm)
(12:00pm - 4:30pm)

General information

array(18) { [0]=> string(2) "id" [1]=> string(4) "uuid" [2]=> string(11) "revision_id" [3]=> string(8) "langcode" [4]=> string(4) "type" [5]=> string(3) "uid" [6]=> string(6) "status" [7]=> string(7) "created" [8]=> string(12) "revision_uid" [9]=> string(9) "parent_id" [10]=> string(11) "parent_type" [11]=> string(17) "parent_field_name" [12]=> string(17) "behavior_settings" [13]=> string(16) "default_langcode" [14]=> string(16) "revision_default" [15]=> string(29) "revision_translation_affected" [16]=> string(10) "field_text" [17]=> string(11) "field_title" }
  • No account set-up fees
  • No monthly account fees
  • Mimimum deposit balance of $5,000

For a full list of our fees and charges, please read our Supplementary Product Disclosure Statement (Schedule of Fees and Charges).

array(18) { [0]=> string(2) "id" [1]=> string(4) "uuid" [2]=> string(11) "revision_id" [3]=> string(8) "langcode" [4]=> string(4) "type" [5]=> string(3) "uid" [6]=> string(6) "status" [7]=> string(7) "created" [8]=> string(12) "revision_uid" [9]=> string(9) "parent_id" [10]=> string(11) "parent_type" [11]=> string(17) "parent_field_name" [12]=> string(17) "behavior_settings" [13]=> string(16) "default_langcode" [14]=> string(16) "revision_default" [15]=> string(29) "revision_translation_affected" [16]=> string(10) "field_text" [17]=> string(11) "field_title" }

Online applications take less than 10 minutes, with account details emailed to you within one business day.

array(18) { [0]=> string(2) "id" [1]=> string(4) "uuid" [2]=> string(11) "revision_id" [3]=> string(8) "langcode" [4]=> string(4) "type" [5]=> string(3) "uid" [6]=> string(6) "status" [7]=> string(7) "created" [8]=> string(12) "revision_uid" [9]=> string(9) "parent_id" [10]=> string(11) "parent_type" [11]=> string(17) "parent_field_name" [12]=> string(17) "behavior_settings" [13]=> string(16) "default_langcode" [14]=> string(16) "revision_default" [15]=> string(29) "revision_translation_affected" [16]=> string(10) "field_text" [17]=> string(11) "field_title" }

Interest is calculated daily and paid at maturity.

Product Disclosure Statement

View now

General Terms and Conditions

View now

Supplementary Product Disclosure Statement (Interest Rates)

View now

Supplementary Product Disclosure Statement (Schedule of Fees and Charges)

Download now

Interest rates as at 2 October 2019. All interest rates are variable unless noted otherwise.
*All depositors are protected by the Government guarantee. For further details, please refer www.fcs.gov.au.
In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our Product Disclosure Statement, Supplementary Product Disclosure Statement (Interest Rates), Supplementary Product Disclosure Statement (Schedule of Fees and Charges), and our General Terms and Conditions. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 03 9629 4484.
MyLife MyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.