Term Deposit
A secure way to invest your money and earn a great return on your investment.
At a glance
- Best rate
- 5.45% for 7m
- 12 months
- 5.20%
- Min deposit
- $5,000
Rates
Every rate People First Bank publishes for this term deposit, 20 in all.
Its best rate at each term
- 2 mo3.00%
- 3 motypical 4.60%4.00%
- 4 mo4.85%
- 5 mo4.00%
- 6 motypical 5.10%5.00%
- 7 mo5.45%
- 8 mo4.50%
- 9 mo5.10%
- 10 mo4.50%
- 11 mo4.50%
- 1 yrtypical 5.30%5.20%
- 2 yrstypical 4.90%5.25%
- 3 yrstypical 4.25%5.25%
- 4 yrs5.25%
- 5 yrstypical 4.00%5.25%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 10 mo | - | 4.50% | - | paid at maturity; paid every 10 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 11 mo | - | 4.50% | - | paid at maturity; paid every 11 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 1 yr | - | 5.08% | - | paid every 1 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 1 yr | - | 5.20% | - | paid every 1 yr |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 2 mo | - | 3.00% | - | paid at maturity; paid every 2 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 2 yrs | - | 5.13% | - | paid every 1 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 2 yrs | - | 5.25% | - | paid every 1 yr |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 3 mo | - | 4.00% | - | paid at maturity; paid every 3 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 3 yrs | - | 5.13% | - | paid every 1 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 3 yrs | - | 5.25% | - | paid every 1 yr |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 4 mo | - | 4.85% | - | paid at maturity; paid every 4 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 4 yrs | - | 5.13% | - | paid every 1 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 4 yrs | - | 5.25% | - | paid every 1 yr |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 5 mo | - | 4.00% | - | paid at maturity; paid every 5 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 6 mo | - | 5.00% | - | paid at maturity; paid every 6 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 5 yrs | - | 5.13% | - | paid every 1 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 5 yrs | - | 5.25% | - | paid every 1 yr |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 7 mo | - | 5.45% | - | paid at maturity; paid every 7 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 8 mo | - | 4.50% | - | paid at maturity; paid every 8 mo |
| FixedFor rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your local branch | - | 9 mo | - | 5.10% | - | paid at maturity; paid every 9 mo |
Rate changes
9 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 23 Sept 2026 | Fixed, 2 yrs | 4.65% | 5.13% | up 0.48 |
| 23 Sept 2026 | Fixed, 2 yrs | 4.75% | 5.25% | up 0.50 |
| 23 Sept 2026 | Fixed, 3 yrs | 4.65% | 5.13% | up 0.48 |
| 23 Sept 2026 | Fixed, 3 yrs | 4.75% | 5.25% | up 0.50 |
| 23 Sept 2026 | Fixed, 4 yrs | 4.65% | 5.13% | up 0.48 |
| 23 Sept 2026 | Fixed, 4 yrs | 4.75% | 5.25% | up 0.50 |
| 23 Sept 2026 | Fixed, 5 yrs | 4.65% | 5.13% | up 0.48 |
| 23 Sept 2026 | Fixed, 5 yrs | 4.75% | 5.25% | up 0.50 |
| 23 Sept 2026 | Fixed, 7 mo | 5.35% | 5.45% | up 0.10 |
Each change is logged the night it appears in the rates People First and Heritage Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
6 fees published, grouped by when they're charged.
When particular things happen6
- Company and Business Name Search
Applies to each Company or Business Name Search completed
$20 - Duplicate/replacement Statement
Applies when you request us to provide a copy of a statement that has already been issued (including where you request a paper copy of an eStatement). Charged at the time the statement is requested.
$10 - Early Redemption Fee
The amount by which the interest will be reduced depends on the percentage of the term that has elapsed as at the date of the withdrawal of funds from the Term Deposit.
10.00% of balance - Frequent Statement Fee
This fee applies to members who request a statement more regularly than the statement cycle specified in the Summary of Term Investment Accounts table in Chapter 7. Excludes eStatements, which are fr…
$2 - Replacement Interest Statement
Applies when you request us to provide a copy of an interest statement that has already been issued. Charged at the time the statement is requested.
$10 - Signature Verification
Applies when you request to withdraw funds without sufficient identification.
$5
Features
- If you need to withdraw your Term Investment before it matures you will need to give us 31 days notice. We may charge you an early redemption fee.
- A safe and secure way to invest your money and earn a great interest rate on your business' savings.
Eligibility and limits
- Minimum age 12
- Residency: Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- Available to businesses
- Minimum balance $5,000
- Opening balance $5,000
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 23 Sept 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.