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Term Deposit Rate and Fee Guide - Intermediary

Last updated 27 May, 2024

Issuer

Alex Bank Pty Ltd ABN 13 627 244 848, Australian Financial Services Licence and Australian Credit Licence 510805 (Alex, We, Us or Our).

Current Interest Rates

Current Interest Rates on investment amounts from $10,000 to $500,000* quoted as % per annum.

Fixed Term

Interest Payment Option - Monthly

Interest Payment Option - At Maturity

Interest Payment Option - Annually

6 Months

-

5.10%

-

9 Months

-

4.85%

-

12 Months

5.00%

5.10%

-

18 Months

5.10%

-

5.20%

24 Months

5.10%

-

5.20%

36 Months

4.90%

-

5.00%

48 Months

4.90%

-

5.00%

60 Months

4.90%

-

5.00%

*For investment amounts greater than $500,000, please contact your Alex deposit intermediary

Things you should know:

  • Interest rates apply for a single investment term. Higher or lower interest rates may apply for subsequent reinvestment terms.
  • Monthly interest payments are only available on terms equal to or greater than 12 months up to 60 months.
  • Funds invested in a term deposit are locked away for the agreed fixed term. If you request an early withdrawal before the maturity date, 31 days’ notice is required and an interest adjustment will apply.

Please consider the Target Market Determination and Terms and Conditions before applying for an Alex Term Deposit.

Current Fees and Charges

There are currently no fees and charges applicable to Alex Term Deposits.