Earn great returns with an IMB Term Deposit. An IMB Term Deposit offers competitive returns for terms from 1 month up to 5 years for amounts of $1,000 or more. Term Deposits are a secure way to grow your savings for the future.
Competitive interest rate fixed for the full investment term
Negotiable interest rates available for investment amounts over $100,000 (IMB's NITA product).
Regular statements to keep you up to date on your account
Option for regular interest payments
If you need to access your funds prior to maturity you can. Any withdrawals (including partial amounts) will incur an interest rate reduction.
If you do not give us instructions at maturity, your funds will be reinvested and standard interest rates at the time apply, not special interest rates (which may be higher)
IMB Member Guide to Transaction Banking – Product Disclosure Statement | |
PDS – Fees Charges and Limits | |
PDS – Interest Rates for IMB Deposit Products | |
Tips for Teens - Visa Debit Card Flyer |
Read the product information, terms and conditions, and fee information
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General
Information current at date of appearance and subject to change. You should consider the PDS before making a decision about IMB products and facilities. Target Market Determination available here.
Prepayment
Prepayment of your investment amount (i.e. withdrawal in part or full prior to maturity) will be allowed by us. However, any amounts withdrawn before maturity will incur the following interest rate reduction:
- if the interest rate on your Account is higher than 3% p.a., the interest rate reduction is 3% p.a. for 12 months or the full term of the investment if that is 12 months or less;
- if the interest rate on your Account is 3% p.a. or less, the interest rate is reduced to 0.10% p.a. for 12 months or the full term of the investment if that is 12 months or less.
Reinvestment
If you do not give us instructions at maturity, your investment will be reinvested for the same term (or the closest available term) at the applicable standard interest rate for that term at the time, not a special interest rate (which may be higher).
Rates and features
1. Rates and terms negotiable for amounts of $100,000 and over held in a Negotiable Interest Term Account. 6 month term is treated as 183 days for the purposes of term length and interest calculations.
2. Available for Term Deposits opened online. At maturity, interest rates, investment terms, minimum deposit amounts and interest payment frequencies available in branch or over the phone are available for reinvestment of Term Deposits opened online. If you do not give us instructions at maturity, the standard interest rates available in branch / over the phone apply to reinvestment of Term Deposits opened online, not these special interest rates. Find more information about our Term Deposits opened online.
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