Fixed Term Deposit
Grow your savings confidently with secure returns, your choice of terms, and competitive rates.
Key features
Invest with as little as $5,000
Competitive fixed interest rates
Choose your term from 3 to 24 months
Interest paid at the end of your term
Fees and requirements
No service fees
$5,000 minimum start balance
Rates
$5,000 to $24,999
4.15
%6 month interest rate*
$25,000 to $49,999
4.25
%6 month interest rate*
$50,000+ 1
4.35
%6 month interest rate*
Questions about our Fixed Term Deposit? Contact us, we’re happy to help.
*Rates quoted apply to individual deposits only. Interest rates shown are per annum (p.a.).
Rates and acceptance of deposits over $500,000 by negotiation.
Early redemption for Fixed Term Deposits is entirely at Coastline’s discretion and will incur penalty interest of 1.00% p.a. (penalty interest rate is subject to change without notice)
Conditions of use | Schedule of fees and charges | Financial services guide | Summary of accounts | Deposit interest rate sheet | Target market determination
Here to help
Are you looking for a safe and effective way to grow your savings? A Fixed Term Deposit might be the perfect solution. With their stable rates and predictable returns, they offer a reliable option for both new and seasoned savers. In this article, we’ll explore five reasons to choose a Fixed Term Deposit to grow your savings - and how they benefit your overall finances.
- Learn more
Are you looking for a safe and effective way to grow your savings? A Fixed Term Deposit might be the perfect solution. With their stable rates and predictable returns, they offer a reliable option for both new and seasoned savers. In this article, we’ll explore five reasons to choose a Fixed Term Deposit to grow your savings - and how they benefit your overall finances.
- Learn more
Term deposits and high-interest savings accounts are both great ways to grow your money. However, understanding the differences can help you choose the best option for your savings goals. In this article, we’ll explore Coastline's Fixed Term Deposits and the Rise Online Saver, highlighting their benefits and features. Let’s dive in so you can make an informed choice.
Budgeting & savings calculators
Budget planner calculator
Manage your money effortlessly by tracking your income and expenses.
Savings calculator
Create a savings plan and get started on your goals today.
FAQs
A Fixed Term Deposit is a savings account where you lock away your money for a specific period of time (known as a term) in exchange for a guaranteed interest rate. You can choose a term from 3 to 24 months, giving you control over your short and long-term money goals.
A Fixed Term Deposit is a savings account where you lock away your money for a specific period of time (known as a term) in exchange for a guaranteed interest rate. You can choose a term from 3 to 24 months, giving you control over your short and long-term money goals.
Interest is calculated on your deposit amount and is paid at the end of your term. The rate is fixed for the duration of your term, so you’ll know exactly how much interest you’ll earn.
No, Fixed Term Deposits have no service fees.
If you are considering a Gold Term Deposit for over 50s, there is a $30 annual fee to join the Gold Benefits Club.
At the end of the term, you can choose to:
- transfer your deposit amount and earned interest to your nominated account.
- reinvest in another Fixed Term Deposit.
Early withdrawal is generally not allowed without incurring a penalty. It’s better to consider your financial situation and short and long-term goals when choosing a term.
If you need to withdraw your term deposit funds due to unexpected financial stress, contact us, and we’ll talk to you about your options.
MyCOAST App
Experience the freedom and convenience of managing your money anywhere, anytime with the MyCOAST Mobile Banking App. Whether you’re on a coffee break, at home, or travelling our app is designed to keep you connected to your finances.
Download the app.
Other high interest accounts
General advice warning
This advice has been prepared without taking your objectives, financial situation, or needs into account. Before acting on this advice, you should consider whether it is appropriate for your circumstances. For more details, access the relevant Product Disclosure Statements, Target Market Determinations or Financial Services Guides under 'Important information' on our product pages.
All loan applications are subject to credit approval. Interest rates may vary, and fees and charges could apply.