Term deposits are one of the most common and convenient ways to earn extra interest on your savings. They’re easy to access, safe and secure, and usually, come with a high yield. But what if you could get even more out of your term deposit? What if you could get fully invested in your money for the next 12 months without having to leave home at all? Well, that’s exactly what Great Southern Bank’s Term Deposits offer.
Great Southern Bank offers competitive interest rates
With Great Southern Bank’s term deposit, you can earn up to 3% on your savings. It’s a safe and secure way to earn a little extra interest on your savings. The bank’s term deposits offer competitive interest rates.
You can choose between a one- or two-year deposit, and the longer you hold your money in the account, the higher your interest rate will be. For example, if you invested $10,000 for 12 months at 3% per annum, you would earn $300 in interest each month for those six months. A great way to save for special occasions
The fixed interest rate for the life of the account
If you are looking for a secure way to invest your savings and earn interest, then a term deposit is the ideal option. A term deposit has no risk of loss, meaning it cannot go down in value over time. It also provides guaranteed returns for all but the longest of terms (up to five years).
Term deposits are a great way to get secure, reliable returns on your savings that you can rely on. However, they are also a great way to earn interest without having to worry about risky investments.
No monthly fees or balances to worry about
When you open a term deposit account with Great Southern Bank, you don’t have to worry about any monthly fees. There are no minimum balance requirements, no service charges, and no early withdrawal penalties.
You also get unlimited check writing on your savings account as well as ATM withdrawals without incurring additional charges like those at other banks. A great way for beginners and seasoned investors alike to earn some extra interest on their savings.
You can always check your account through mobile banking
Mobile banking is available, so you can check your balance and make transfers from anywhere. You can also use the app to find a branch or ATM near you, or even discover where there are nearby financial centers.
Great Southern Bank provides a variety of financial services, including checking and savings accounts, credit cards, and loans. If you’re looking for an opportunity to open an account or apply for a loan, you can visit one of their branches.
You can also use the app to find a branch or ATM near you, or even discover where there are nearby financial centers. Great Southern Bank provides a variety of financial services, including checking and savings accounts, credit cards, and loans. s.
Flexible terms, from one month to five years
Great Southern Bank is committed to offering you the most flexible terms, from one month to five years. Most term deposits range from $5000 up to the maximum allowed by law. The deposit amount is determined based on how long you want your money invested and what interest rate they offer you then. The majority of their products are available through branch banking or mail order, but there are some exceptions where they can only offer them via phone call or internet banking services:
Choose your deposit period that coincides with your savings goals
If you are looking for the highest interest rate, it’s best to choose a longer deposit. If you want to save for an emergency fund, it’s recommended that you choose a 12-month term deposit. If you want to save for something big like a house or car, then a longer term of three years or more would be ideal. You can also set up auto-renewal on your account so the funds are automatically deposited into your account each month.
Longer-term deposits also mean that they can offer their customers more flexibility when it comes to choosing their deposit period.
A little extra interest will add up to a lot in the long run
If you’re interested in maximizing your interest, it is recommended to choose a longer-term deposit. The earlier you make your decision about where or how often they’ll be able to payout your earnings, the easier it will be for them! With their interest rates and long terms (up to five years), you can earn a lot more than with other banks that only offer one-year deposits. A little extra interest will add up to a lot in the long run.
The longer you lock away your cash, the more you’ll earn
With Great Southern Bank’s term deposits, you can earn more interest on your savings by locking away your money for longer. The longer you save with them, the more interest you will receive. This is because they offer higher rates of return than other banks do with their fixed deposit products.
You don’t have to worry about costly monthly fees or minimum balances either! Their term deposits are available in just one-month increments from one month up to five years and they don’t require any additional information from you at signup like some other banks do so that means there won’t be any surprises later on down the line if something unexpected happens during that period like losing employment or becoming ill unexpectedly due to illness etc.
With term deposits, there are also no penalties if withdrawing funds early. This means if, for example, circumstances change between now and when their maturity date comes around then no penalty fees would apply.
Conclusion
So, whether you’re looking for a long-term investment or just want to earn some extra interest on your savings, Great Southern Bank’s Term Deposits are the perfect solution. A term deposit is a good option if you want to earn interest on your savings, but don’t want to risk losing any money.
Image Source: BigStockPhoto.com (Licensed)
Site Disclaimer
The Content in this post and on this site is for informational and entertainment purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by HII or any third party service provider to buy or sell any securities or other financial instruments.
Nothing in this post or on this site constitutes professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this post or on this site.
You recognize that when making investments, an investor may get back less than the amount invested. Information on past performance, where given, is not necessarily a guide to future performance.
Related Categories: Money, Reviews
