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Term Deposits
Watch your savings grow with competitive fixed interest rates by applying for one of Alex.Bank award winning^ Term Deposits.
Your deposits with Alex.Bank up to $250,000 are protected by the Australian Government Financial Claims Scheme.
Fixed Interest Rate2
12-month term with interest paid at maturity (other terms available).
Select from great rates across different terms and interest payment options to suit your investment needs.
The application process is 100% digital, simple and secure, with deposits up to $250k protected by the Government Guarantee Scheme.
It’s quick and easy to apply online – the average time is 3 minutes.
To get started, use our calculator below. Simply enter your deposit amount and your fixed investment term.
Gather your ID and financial information to complete our quick 3 minute application form.
You’ll be prompted to perform a digital ID check with a photo of your ID and headshot. It’s safe, secure and as easy as a selfie!
You’ll have 7 calendar days to fund your Term Deposit and start earning interest on your investment.
Swyftx is an official referral partner of Alex.Bank. Explore what Swyftx has to offer and learn more today.
You can choose from physical Driver’s License or Passport to verify your identity.
When completing your application please make sure your details match with the ID document you have selected, including Full Name and Date of Birth.
Using our secure ID capture process, take a picture of your ID document where there is a picture of you, for example the front of your Driver’s License. Follow the instruction to ensure there is no glare and your ID fits in the capture window.
By taking a selfie of in a well lit space it allows us to confirm your identity and helps us protect you and your savings.
For a second consecutive year Alex.Bank have taken home Term Deposit of the Year and Term Deposit - Best for Value at the WeMoney Awards!
Read our product description and fee guides to understand our Term Deposit product better.
Consider the Target Market Determination and Terms and Conditions before making a decision.