A term deposit is a deposit that is held for a set period of time, with a reliable 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

Find out more about our Term Deposits

To find out more about our Term Deposit product, visit a MyState Bank branch, complete our online enquiry form or call 138 001.

Read about MyState’s Business Online Saver Account.

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