- Bendigo Bank Term Deposit Rates Philippines
- Term Deposit Interest Rates
- Bendigo Bank Term Deposit Interest Rates
Bendigo Bank offers businesses two types of term deposits - Standard and Gold. You can open a Standard term deposit by investing at least the specified minimum amount for a flexible investment period ranging up to five years. A Gold term deposit requires a larger minimum investment over a fixed term, which is currently one year.
Fixed term deposits are essentially bank accounts where you lock your money away for a fixed period and earn a fixed interest rate on those funds. Fixed term deposits can be both short term, which is usually anything under 12 months, or long term, which can be up to 10 years. Bendigo Bank offers 2 types of term deposit accounts: 'Bendigo Term Deposit Account' and 'Bendigo Gold Term Deposit Account'. The Bendigo Term Deposit account has a minimum investment requirement of $1,000 and investment terms between 1 month and 5 years. This account does not permit withdrawals during the term of the deposit.
Bendigo Bank Term Deposit Rates Philippines
However, you can’t add funds to a Standard term deposit after the first seven days, and any withdrawals before the review date need to be done on request. If you’ve opened a Gold term deposit, you can add more funds over the year, but withdrawals may be restricted just as with a standard term deposit.
A Standard term deposit’s interest rate depends on the amount deposited, the frequency of compounding interest, and the deposit term. Further, this interest rate may apply irrespective of how often interest is compounded. On the other hand, Gold term deposits usually offer a flat interest rate no matter how large or small the deposit, with the interest likely compounded every quarter.
To find out about Bendigo Bank’s current business term deposit rates, visit the banks’ website.
Bendigo Bank Term Deposits
At Patison Partners we are active supporters of the community.
As part of this, we support the Bendigo Bank and offer our clients the service of a Bendigo Banking Agency where our clients can make investments in Term Deposits.
Term Deposit Interest Rates
Gone are the days of dealing with unhelpful banking staff when you are attempting to renew your term deposits.
Bendigo Bank Term Deposit Interest Rates
Our friendly staff can assist you in managing your term deposit interest rate terms through our agency. We will also contact you when your renewal is approaching and take care of any documentation which may be required.
Contact us today – our rates are often better than our competitors!