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Business term deposit

Q: What’s the difference between a business term deposit and a business savings account?

A business term deposit is like the slow cooker of savings accounts. You stash your surplus funds for a set period, a few months or years, and you get a fixed interest rate which means predictable returns. Just keep in mind that if you want to access the funds during the set period, it's likely to come at a cost and you may need to give notice ahead of time (for example, the ANZ Business Notice Term Deposit has a 31 day notice period). A partial early withdrawal will also affect the amount of interest you'll earn. A business savings account on the other hand, is your go-to for keeping things flexible. You can access your money whenever you need it, and, depending on the amount you have saved, you could earn interest while you're at it. It's ideal for building savings without locking your funds away.

ANZ Business Notice Term Deposit

Boost your cash reserves securely with our business term deposit.

Apply for an ANZ Business Notice Term Deposit to enjoy reliable returns and no monthly fees. Watch your funds grow with confidence.

You'll need to give ANZ 31 days' notice to withdraw your money before the end of your term.^disclaimer

How to apply

Benefits of a business term deposit

Fixed returns on your surplus cash

Enjoy regular interest on your business term deposit (of $5,000 +), and fixed returns if deposited funds are held to maturity.

Keep costs down

Our business term deposit has no set up or monthly fees to worry about. But fees do apply for early withdrawal.^disclaimer

Flexible terms

Choose the period for your business term deposit that best suits your need, from 1 month to 5 years.

Decide on when to receive payments

Receive interest payments monthly, quarterly, half yearly or annually on selected terms.

Rates and terms^disclaimer

Our current business term deposit interest rates (rates above $99,999 are negotiable).

ANZ Business Notice Term Deposit

Important information for ANZ Business Advantage
3 months	Investments of $5,000 to $99,999. Interest paid at maturity.
6 months	Investments of $5,000 to $99,999. Interest paid at maturity.
12 months	Investments of $5,000 to $99,999. Interest paid annually.

Other terms and interest rates are available. If you would like to discuss different rates and terms or if you have any queries, please contact us on 1800 351 663, Mon-Fri 8am to 6pm (AEST).

For early withdrawals, you'll need to give ANZ 31 days' notice to withdraw your money before the end of your term. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early.^disclaimer

How this business term deposit works

Choose the amount you want to invest (min $5,000).

Select from available terms and rates that best suits your needs.

Speak to a business banking specialist who can help you set up your ANZ business term deposit account.

View the progress of your cash reserves online, anytime.^disclaimer

When establishing a term deposit, we will normally ask you what you want to do with the funds in your term deposit account when the term ends. You may elect either to have those funds paid to you, or to reinvest those funds in another ANZ term deposit. See ANZ Business Transaction Accounts Terms and Conditions (PDF) and Terms and Conditions for more information.

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Call us

Want to discuss new or existing ANZ business banking or need help with general enquiries?

Mon-Fri 8am to 6pm (AEST)

1800 351 663

Your questions answered

What is a business term deposit?

A business term deposit is a type of savings account where your business can park a fixed amount of money for a set period, known as the term. During this time, the money is locked in. In return, your business earns a fixed interest rate on the deposited amount.

The interest rate is locked in for the term, providing predictable returns, and the terms can range from a few months to several years.

For an ANZ Business Notice Term Deposit, you'll need a minimum amount of $5,000 to get started. If you make a withdrawal before the end of your fixed term, you'll need to give us 31 days' notice, early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early.^disclaimer

How does earning interest in a business term deposit work?

Interest in a business term deposit is fixed for the chosen term. This also means that your returns are fixed. The interest rates vary depending on the length of the term which can range from a few months to several years.

Interest can be paid either at maturity, which is the end of your fixed term, or annually if you've chosen a longer term over multiple years. So, take a close look at the details when selecting your fixed term ( ie. the period of time), the interest rate and when the interest will be paid. Keep in mind that how frequently your interest is paid can also affect your returns. For example, if have a term deposit with a 4-year term where interest is paid annually, you earn interest on your initial deposit each year.

Looking for other business products?

Important information

Different interest rates apply to different investment amounts, terms and frequencies. Interest rates current as at . Terms and conditions apply.

Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you.

ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF) before acquiring the product.

An ANZ Business Notice Term Deposit has a 31 day notice period. This means that if you request an early withdrawal or transfer of all or part of your funds, the funds will not be provided until the 31st day after the request (or, where that is a non-business day, on or before the next business day). An administration fee of $30 will be charged and the account will incur an interest reduction in respect of the money withdrawn or transferred early in accordance with the ANZ Business Transaction Accounts Terms and Conditions (PDF). If you may have a need in the future to immediately withdraw or transfer funds, other deposit products may be more suitable for you.

Return

Different interest rates apply to different investment amounts, terms and interest frequencies. Rates current as at and are subject to change. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. For more information, please see the Business Banking Transaction Accounts Fees and Charges (PDF) and ANZ Business Transaction Accounts Terms and Conditions (PDF), and Business Banking General Service Fees and Charges (PDF). At maturity we will reinvest your ANZ Business Notice Term Deposit based on the reinvestment consent you have given us and in accordance with instructions you have provided. If you choose to reinvest your principal (and interest) at the end of the investment term, the interest rate applicable to your ANZ Business Notice Term Deposit may be lower than the interest rate on your maturing ANZ Business Notice Term Deposit. If your circumstances change or this product is no longer suitable for you, please contact ANZ at or prior to maturity, or within your 7 day grace period (following reinvestment) to make alternative arrangements.

Return

Temporary service interruptions may occur. Technical requirements apply.

Return

Business term deposit

ANZ Business Notice Term Deposit

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