- Term
- 7 months
- Deposit
- $1,000 – $5,000,000
- Interest paid
- At maturity
- Monthly fee
- $0
Pros
- Among the most competitive 7-month term deposit rates
- 5.4% p.a. fixed for the full 7-month term
- Government guaranteed up to $250,000
- Low $1,000 minimum to get started
- Interest paid at maturity
Cons
- Your money is locked away for the 7-month term
- Breaking early usually needs notice and reduces your interest
- Fixed rate, you won't benefit if rates rise during the term