Personal
Save Securely
Want award-winning and friendly customer service which a regional financial institution
can offer, but with the security of the Australian Government?
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The Rock Building Society’s solid reputation was further cemented in October 2008
when Prime Minister Kevin Rudd announced the Federal Government would provide a
guarantee on all deposit funds placed with building societies, credit unions and banks.
This means all deposits held with The Rock, including monies deposited into savings
and investment accounts and held in term deposits; are guaranteed by the Australian
Government, which has a AAA investor-grade rating.
Therefore, the only differences between banking with our big city competitors and The
Rock are we offer award-winning and friendly customer service* and directly support
local communities through employment; an extensive sponsorships and donations program;
and returns to local shareholders.
Term Deposits
For amounts of $250,000 and above call 1800 806 645 or email
us for a rate.
What Do You Want From a Term Deposit?
- A high rate of interest
- A term that suits my needs
- Peace of mind (knowing my money is secure)
- An account that looks after itself
- Regular interest payments
- Ability to access my funds if I need them
Term Deposit Rates
For a PDF print version of all term deposit rates click here.
A Term That Suits Your Needs
You can choose any term between 1 and 36 months that best suits your needs.
The term does not have to be in whole months. If you know that you want access to the funds on a particular day, we will set the maturity for that date and choose the appropriate rate from the above table.
Rollover
Unless you specify otherwise, we will rollover your term deposit on maturity for a similar term at the prevailing interest rate for that term. You don't have to do anything! If you wish to change the term on maturity you can do this any time up to seven days after the maturity date, by calling our freecall number 1800 806 645.
With our internet banking system you can check your account details at any time.
Flexible Interest Payments
If you would like to lock-in one of our competitive longer term rates, but don't want to wait until the maturity date to receive your interest, you can choose monthly or quarterly interest payments.
The interest can be paid to you by cheque, by transfer to another account with The Rock, or by electronic transfer to your account with another financial institution.
If you choose monthly or quarterly interest payments on a longer term the rate of interest is reduced by 0.2% per annum.
No Fees
There are no account keeping or transaction fees associated with your term deposit with The Rock.
Access To Your Funds
If you discover you need access to some or all of the funds in your term deposit before the maturity date, we will let you withdraw the amount you require but will pay a reduced rate of interest on any amount that is withdrawn early. The reduced rate for such withdrawals is 1% per annum, a $40 break fee also applies. |
