Bendigo Bank Term Deposit Rates
- Bendigo Bank Term Deposit Rates Ontario
- Bendigo Bank Term Deposit Rates Calculator
- Bendigo Bank Term Deposit Interest Rates
Bendigo Bank is now known as the Bendigo and Adelaide Bank limited since the merger in November 2007. Bendigo bank used to have 160 company owned branches and 220 owned Community branches and has always had a community based approach. The term deposit rate is the agreed interest rate for your term deposit. It remains fixed for the term of the deposit. For example, if you deposit $5,000 for 12 months at a 2.5 per cent term deposit rate, that 2.5 per cent term deposit rate will be fixed for the entire 12 months and won’t change until the term matures.
Bendigo Bank offers businesses two types of term deposits - Standard and Gold. You can open a Standard term deposit by investing at least the specified minimum amount for a flexible investment period ranging up to five years. A Gold term deposit requires a larger minimum investment over a fixed term, which is currently one year.
However, you can’t add funds to a Standard term deposit after the first seven days, and any withdrawals before the review date need to be done on request. If you’ve opened a Gold term deposit, you can add more funds over the year, but withdrawals may be restricted just as with a standard term deposit.
A Standard term deposit’s interest rate depends on the amount deposited, the frequency of compounding interest, and the deposit term. Further, this interest rate may apply irrespective of how often interest is compounded. On the other hand, Gold term deposits usually offer a flat interest rate no matter how large or small the deposit, with the interest likely compounded every quarter.
To find out about Bendigo Bank’s current business term deposit rates, visit the banks’ website.
Bendigo Bank Term Deposits
At Patison Partners we are active supporters of the community.
Bendigo Bank Term Deposit Rates Ontario
As part of this, we support the Bendigo Bank and offer our clients the service of a Bendigo Banking Agency where our clients can make investments in Term Deposits.
Gone are the days of dealing with unhelpful banking staff when you are attempting to renew your term deposits.
Our friendly staff can assist you in managing your term deposit interest rate terms through our agency. We will also contact you when your renewal is approaching and take care of any documentation which may be required.
Bendigo Bank Term Deposit Rates Calculator
Bendigo Bank Term Deposit Interest Rates
Contact us today – our rates are often better than our competitors!