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Horizon Bank

Term Deposit

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announcement

RateCity Says: A term deposit offering with a range of fixed term periods and competitive interest rates. Designed to help everyday Aussies grow their savings.

Max rate

0.40

% p.a

for 12 months

Min. deposit

$5,000

Next rate increased

0.40

% p.a

for 12 months

Interest rate

0.30

% p.a

for 6 months

Balance Amount

$500,750

based on a $500,000 deposit for a duration of 6 months

Real Time Rating™

1.51

/ 5
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Max rate

0.40

% p.a

for 12 months

Min. deposit

$5,000

Next rate increased

0.40

% p.a

for 12 months

Interest rate

0.30

% p.a

for 6 months

Balance Amount

$500,750

based on a $500,000 deposit for a duration of 6 months

Real Time Rating™

1.51

/ 5
Go to site
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Quick term deposit review

For Term Deposit

These are the benefits of this term deposit.

  • Automatic maturity rollover

These are the drawbacks of this term deposit.

  • Interest cannot be paid to other institution

Term deposit overview

For Term Deposit

TMD

Features

Min. deposit

$5,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum Age Requirement

Notice period to withdraw

Is covered by government guarantee

Interest

Interest Calculation Frequency

Interest Payment Frequency Options

AnnuallyAt Maturity

Interest payment via other institution

Interest payment method

Direct Credit, Rollover on maturity

Fees

Early withdrawal fee

Rates

Horizon Bank term deposits rates

Savings Term$500 - $4,999$5,000 - $99,999,999
1 month0.10%
2 months0.10%
3 months0.15%0.25%
4 months0.15%0.25%
6 months0.20%0.30%
9 months0.20%0.30%
1 year0.30%0.40%
2 years0.30%0.40%
3 years0.40%

Target Market Determination

Visit Horizon Bank to view Target Market Determination.

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