The Finance Algorithm
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Platinum Plus Term Deposit 13-60 Months (M)

Term Deposit (for customers aged 55 or over) between 13-60 months with interest paid monthly.

Term depositsBank updated 7 Oct 2026
Apply at Great Southern Bank ↗Product page ↗Terms ↗

At a glance

Best rate
5.35% for 60m
Min deposit
$5,000

Rates

Every rate Great Southern Bank publishes for this term deposit, 15 in all.

Its best rate at each term

  1. 13 mo2.30%
  2. 14 mo2.30%
  3. 15 mo2.30%
  4. 16 mo2.30%
  5. 17 mo2.30%
  6. 18 mo3.20%
  7. 19 mo2.30%
  8. 20 mo2.30%
  9. 21 mo2.30%
  10. 22 mo2.30%
  11. 23 mo2.30%
  12. 2 yrstypical 4.90%4.25%
  13. 3 yrstypical 4.25%5.00%
  14. 4 yrs5.00%
  15. 5 yrstypical 4.00%5.35%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
Fixed-13 mo-2.30%-paid every 1 mo
Fixed-14 mo-2.30%-paid every 1 mo
Fixed-15 mo-2.30%-paid every 1 mo
Fixed-16 mo-2.30%-paid every 1 mo
Fixed-17 mo-2.30%-paid every 1 mo
Fixed-18 mo-3.20%-paid every 1 mo
Fixed-19 mo-2.30%-paid every 1 mo
Fixed-20 mo-2.30%-paid every 1 mo
Fixed-21 mo-2.30%-paid every 1 mo
Fixed-22 mo-2.30%-paid every 1 mo
Fixed-23 mo-2.30%-paid every 1 mo
Fixed-2 yrs-4.25%-paid every 1 mo
Fixed-3 yrs-5.00%-paid every 1 mo
Fixed-4 yrs-5.00%-paid every 1 mo
Fixed-5 yrs-5.35%-paid every 1 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
7 Oct 2026Fixed, 5 yrs5.15%5.35%up 0.20

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

Published by Great Southern Bank under the Consumer Data Right, last changed by them on 7 Oct 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.