Term Deposits

Choose a term that suits you and enjoy locking in a fixed interest rate

Apply Now

Benefits

There are many reasons to choose a term deposit

Just as many as there are people banking with Police Bank.

Plan a holiday

You deserve it — make that holiday a reality when you pay yourself first.

Home deposit

Stash your deposit savings away and earn more.

New car

Let your cash work harder for you while you dream about new wheels.

Save for big bills

Be prepared when you know a bill is coming and you’ll have the money ready.

A rainy day fund

Setting money aside keeps it safe for your future needs.

School expenses

Get ahead of school fees by locking some money away to pay them.

Why get a term deposit?

A term deposit is a safe, low-risk way to invest money for an agreed period of time and earn an agreed, fixed rate of interest.
The interest rate is normally higher than that of a savings account, because you agree to lock away the money and it’s normally more money than you’d have in a savings account.
You can withdraw the money before the end of the term, but there is a financial penalty for ending the term short of the agreed time.

How to apply

How to get started with Police Bank

01

Open a Police Bank transaction account

Select from a range of accounts that suit you. Once you’ve got your BSB and account number, you’re good to go.

02

Switch to Police Bank

Make the change from your existing bank to enjoy the benefits of being a Police Bank member. Get in touch with us today and we’ll make it easy to change over.

03

Find out more

Browse our website to see all the benefits our members enjoy. Talk to some of our members — they could be police you’re working with. When you’re ready, get in touch.

Ready to apply for a Term Deposit?

Apply Now

Important Information

Want to see all our terms and conditions, policies and more? Click here.