How do I open a Term Deposit?

Jasmine Shillington Updated by Jasmine Shillington

To open term deposit, you need to complete an application form.

For Personal Term Deposits with a single account holder you can use the Online Application form.

For Business Term Deposits or Term Deposits with more than one account holder, please complete the paper Term Deposit Application form.

Once your application is approved you can fund your new Term Deposit by transferring money from your Australian Military Bank account or from another Financial Institution account.

Remember: If you are transferring from another Financial Institution, the funds must be received within 7 days or the account will be closed and you'll need to re-apply.

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