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Speak to a Business Banker

Wherever you are on your business journey, our dedicated Business Bankers can help. Find out more and enquire today!
Speak to a Business Banker

    Key benefits

    Competitive interest rates
    No monthly fees

    Rates

    Check out the latest rates for our Business Term Deposits. For rates on investment amounts $5,000,000 and above please phone 13 11 82 or visit your nearest branch.
    Interest rate
    An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
    Business Term Deposit
    Minimum opening deposit $5,000
    Interest rate
    An interest rate is the rate of interest you need to pay as the borrower to the lender. This is defined as a percentage of the loan amount and is usually expressed as an annual percentage.
    Up to
    % p.a.

    Product overview

    If you have a lump sum of money you won't need to access for a period of time, a term deposit might be just the answer. A term deposit offers competitive interest rates that are locked in for the term of the investment, making this a secure way to invest your money and earn a great return. Fixed terms start from two months up to five years. And you only need $5,000 to get started. Things to note: • A 32 day notice period and fees apply for early withdrawals • Minimum balance is $5,000 - $999,999 for all fixed term rates • If you are under 25 years of age then the minimum deposit is only $1,000 All deposits with People's Choice are protected by the Financial Claims Scheme, so you know your money is in safe hands.

    • Flexible interest payment frequency

      For investments of one year or more interest can be paid annually, half yearly, quarterly, monthly or every 28 days. For investments less than a year, interest is paid at maturity.

    • A secure rate

      You have the security of a fixed rate for a fixed term.

    • Viewable online

      • You can view your term deposit at any time via Internet Banking or with the People's Mobile Banking App.

    Fees

    Monthly fees
    Monthly feeMonthly administration fee - $0
    Disclosure documents

    Do some quick maths

    To work out how much you can save and how long it will take you, view our savings calculator.
    View our savings calculator

      What else do I need to consider?

      Open a term deposit

      You can open a new Business Term Deposit by giving us a call, visiting your nearest branch or speaking with a Business Banker.