Great Southern BankPlatinum Plus Term Deposit 12 months
Term Deposit (for customers aged 55 or over) 12 months with interest paid at maturity.
Term depositsBank updated 3 Nov 2026
At a glance
- Best rate
- 5.10% for 12m
- 12 months
- 5.10%
- Min deposit
- $5,000
Rates
The one rate Great Southern Bank publishes for this term deposit.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | - | 1 yr | - | 5.10% | - | paid at maturity; paid every 1 yr |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 3 Nov 2026 | Fixed, 1 yr | 5.45% | 5.10% | down 0.35 |
| 7 Oct 2026 | Fixed, 1 yr | 5.20% | 5.45% | up 0.25 |
Each change is logged the night it appears in the rates Great Southern Bank publishes. See how every lender answered the RBA on the rate tracker.
Features
Digital banking
- Guaranteed rate of return. You’ll know exactly how much you’ll earn on your investment before your term begins.
- Choose your own term. Options range from one month to five years.
Eligibility and limits
- Minimum age 55
- Residency: You must be an Australian citizen or Australian resident to hold an account with Great Southern Bank
- Minimum balance $5,000
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Published by Great Southern Bank under the Consumer Data Right, last changed by them on 3 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.