Term Deposit Interest Rates

Information current at 11th December 2024 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 However, any amounts withdrawn before maturity will incur the following interest rate reduction: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.

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.