Once your term deposit matures, you’ll have the choice of either reinvesting your balance and the interest earned for another term, reinvesting a different amount, or withdrawing it entirely. Maturity: available for terms of 12 months or less Half yearly: available for terms between 12 months to 5 yearsĪnnually: available for terms between 12 months to 5 years Quarterly: available for terms between 6 months to 5 years
Monthly: available for terms between 2 months to 5 years Depending on the length of your investment, interest payments can be made monthly, quarterly, half yearly, yearly or at maturity.
You’ll also have a say in how often you receive your interest. So long as you are at least 18 years old, you’ll be able to lock away your savings for as little as 1 month or as long as 5 years. If you’re looking for a safe place to invest your money, the Suncorp Term Deposit could be a worthwhile option.
