- Term
- 11 months
- Deposit
- $5,000 – $10,000,000
- Interest paid
- At maturity
- Monthly fee
- $0
Pros
- Among the most competitive 11-month term deposit rates
- 5.4% p.a. fixed for the full 11-month term
- Government guaranteed up to $250,000
- Interest paid at maturity
Cons
- Your money is locked away for the 11-month term
- Requires at least $5,000
- Breaking early usually needs notice and reduces your interest
- Fixed rate, you won't benefit if rates rise during the term