Term Deposits

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

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

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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 0.80% p.a.
3 month term 0.80% p.a.
6 month term 0.80% p.a.
9 month term 0.80% p.a.
12 month term 0.80% p.a.
24 month term 0.80% p.a.

^ No set up fees. Minimum deposit amount of $5,000. For deposits of $250,000+ please call 03 9629 4484 for a rate. Interest is calculated daily and paid on maturity.

Term Fixed rate
12 month term 0.80% p.a.
24 month term 0.80% p.a.

^ No set up fees. Minimum deposit amount of $5,000. For deposits of $250,000+ 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.

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General information

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  • 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).

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

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

Interest is calculated daily and paid at maturity.

Product Disclosure Statement

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General Terms

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Interest Rates Schedule

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Fees & Charges Schedule

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Interest rates as at 12 October 2020. 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 General Terms, Product Disclosure Statement, Interest rates flyer, and Schedule of fees and charges. 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. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.