A term deposit is a deposit that is held for a set period of time, with a guaranteed investment return. You can invest over the short or long term, for anything from 30 days to 24 months.
Features and benefits of MyState’s Term Deposit for Business Banking
|Minimum deposit $5,000|
|Term deposit interest calculated daily|
|Interest paid at term deposit maturity|
|Terms available||1 – 24 months|
|Internet Banking (track the progress of your investment)|
|Phone Banking (access updates on your investment)|
|No monthly account-keeping fees|
* Calculated daily and paid monthly
Find out more about our Term Deposits
Read about MyState’s Business Online Saver Account.