Term Deposit Interest Rates

Invest your savings in a Term Deposit with confidence of a guaranteed return. Term Deposits allow you to plan for your future and invest with confidence, knowing that you will receive a higher rate of return than many savings accounts. Gateway's deposits are guaranteed under the Government's Financial Claims Scheme.


Standard term deposits

The following interest rates apply to standard term deposits where interest is paid at maturity or periodically to a savings account. For compounding term deposit interest rates, please see our Interest Rate Schedule.


Term Deposit Rates - Minimum $1,000

  Interest rate
3 months 4.95% p.a.
4 months 0.70% p.a.
5 months 0.70% p.a.
6 months 5.20% p.a.
7 months 1.20% p.a.
9 months 5.05% p.a.
11 months 1.10% p.a.
12 months 5.15% p.a.
18 months 0.65% p.a.
24 months 1.60% p.a.
36 months 1.60% p.a.
48 months 0.65% p.a.
60 months 0.65% p.a.

Interest for term deposits is calculated daily and, depending on the term chosen and interest payment frequency option, is paid either monthly, 6 monthly, annually or at maturity if the term is for 1 year or less. For deposits of $1,000,000 or more or other terms, please contact Gateway on 1300 302 474.

Gateway reserves the right to vary these interest rates at any time. Fees and charges, terms and conditions apply.