bank australia term deposit interest rates

When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. The LVR is the amount of the loan compared to the property value expressed as a percentage.ĢOur deposits are guaranteed up to $250,000 per customer under the NAB banking licence by the Australian Government’s Financial Claims Scheme.The journalists on the editorial team at Forbes Advisor Australia base their research and opinions on objective, independent information-gathering. Interest rates are applicable at the time of loan approval and are based on the loan to value ratio (LVR). Comparison rates for fixed interest only loans are based on an initial interest only period equal in length to the fixed period. Different terms, fees or other loan amounts might result in a different comparison rate.įor a personalised comparison rate that applies to your proposed loan, see the Key facts sheet.Ĭomparison rates for variable interest only loans are based on an initial 5 year interest only period. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. These rates are for secured lending only. Home loan information and interest rates are for new loans only and are subject to change.ġComparison rates are calculated on a loan amount of $150,000 for a term of 25 years. Applicants must live in Australia and meet eligibility requirements.

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Bank australia term deposit interest rates