business term deposit.

Got extra cash you’d like to grow? Want to give your trust or self-managed super fund (SMSF) an earnings boost? Park your funds in a business term deposit and let the guaranteed interest roll in.


     Interest rates that rate interest

We keep our interest rates competitive, to make sure your cash works hard for you.


    free yourself from fees

There are no set up or account-keeping fees on our term deposits at all – that’s more cash back in your pocket.



Commit what you want, for as long as you want. Open a term deposit for as little as $1,000 or as much as $1,000,000, for terms from one month to five years. 

If you’re looking to take out a term deposit for more than $1,000,000, call ME on 1300 658 108 to find out what rates are available. 


 get paid when you need it

Choose payment options to suit your situation: get paid interest monthly, quarterly, six-monthly, annually or at maturity. 



1 month  2.00% p.a.  4 months  2.50% p.a. 7 months  2.70% p.a. 10 months  2.70% p.a.
2 months  2.00% p.a. 5 months  2.85% p.a. 8 months  2.70% p.a. 11 months  2.75% p.a.
3 months  2.50% p.a. 6 months  2.70% p.a. 9 months  2.80% p.a. 12 months  2.85% p.a.

The above rates are based on interest paid at maturity for terms up to 12 months.

For all Term Deposit rates please click here.



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frequently asked questions:


How does a business term deposit work?

A term deposit offers a fixed interest rate for a fixed term. Interest rates differ depending on the deposit term, the deposit amount and the interest payment frequency. You can use our term deposit calculator to work out the earnings you’ll get from different amounts and terms. 


How do I open a business term deposit?

Simply download the application form, complete and post it back to us. 

Your opening deposit can be made using direct debit, or through a BPAY® (for amounts under $250,000) or PayAnyone transfer (for amounts under $10,000).


How long will it take to open my term deposit?

Your account will be opened within three business days from when we receive your completed application form and any supporting documentation. If you are an existing ME Bank customer, complete an additional account application. Applications can be found on our forms page.


How do I deposit money into my term deposit?

We can debit funds directly from your nominated bank account, you can transfer funds into a new term deposit using BPAY® or PayAnyone transfer, or we can accept a cheque (cheque deposits are only available for paper applications).


Find more Business Term Deposit FAQs here.




things you should know.

Interest Rates for ME Term Deposits are current as at 8am 24-Jun-2017 and subject to change.

You can only withdraw funds from your business term deposit by giving us 31 days prior notice for accounts opened or reinvested on or after 29 May 2016.

Rates are for deposits between $1,000 and $1,000,000. For rates for amounts above $1,000,000, contact ME on 1300 15 63.

You will get the interest rate that applies to your term deposit on the day your complete application is received as long as funds are received within three business days of your application.

All terms are in calendar months. We offer terms of between one month and 60 months.

Your total deposits with ME up to $250,000 are guaranteed under the Australian Government Financial Claims Scheme.

The above rates are based on interest paid at maturity for terms up to 12 months and interest paid annually for terms greater than 12 months.

We will credit interest at the selected interest payment frequency and at the maturity of the term.

Fees and charges apply. Terms and conditions available on request or by clicking here.

This is general information only and you should consider if this product is appropriate for you.