Apex Term Deposit — Product Guide¶
Product Disclosure Statement
Effective Date: January 15, 2026
Product Issuer: Apex Bank Ltd (ABN 12 345 678 901, AFSL 234567)
The Apex Term Deposit is a secure, fixed-interest investment product designed for customers who want certainty of return over a defined period. By locking in a competitive interest rate for a chosen term, you are guaranteed to know exactly how much your investment will earn, regardless of market fluctuations. Apex Term Deposits are backed by the Australian Government Deposit Guarantee for balances up to $250,000 per depositor.
Overview¶
With the Apex Term Deposit, you invest a lump sum for a fixed term ranging from 1 month to 60 months. The interest rate is locked at the time of opening and does not change for the duration of the term, providing complete certainty of return. At maturity, you can choose to reinvest for another term, transfer the funds to an Apex Savings Account or Everyday Account, or withdraw the full balance.
Minimum investment is $5,000, with no maximum limit. Interest can be paid monthly, quarterly, annually, or at maturity depending on the term selected.
Key Features¶
- Fixed Interest Rates: Your rate is locked for the entire term, providing a guaranteed return regardless of changes in the broader interest rate environment.
- Flexible Terms: Choose a term that suits your savings timeline — from as short as 1 month to as long as 60 months (5 years).
- Minimum Investment: $5,000 minimum deposit with no maximum investment limit.
- Government Guarantee: Deposits up to $250,000 per account holder are protected under the Australian Government Financial Claims Scheme (FCS).
- Interest Payment Options: For terms of 12 months or longer, choose to receive interest monthly, quarterly, annually, or at maturity. Terms under 12 months pay interest at maturity.
- Automatic Renewal: At maturity, if no instructions are received, the term deposit will automatically roll over for the same term at the prevailing interest rate on that date.
- Joint Term Deposits: Available for up to two joint holders, each covered individually under the government deposit guarantee up to $250,000.
Interest Rate Schedule¶
| Term | Interest Rate (p.a.) | Minimum Deposit |
|---|---|---|
| 1 month | 3.80% | $5,000 |
| 3 months | 4.20% | $5,000 |
| 6 months | 4.55% | $5,000 |
| 9 months | 4.65% | $5,000 |
| 12 months | 4.80% | $5,000 |
| 18 months | 4.70% | $5,000 |
| 24 months | 4.60% | $5,000 |
| 36 months | 4.50% | $5,000 |
| 48 months | 4.40% | $5,000 |
| 60 months | 4.30% | $5,000 |
Rates are current as of January 15, 2026, and are subject to change for new term deposits. Once a term deposit is opened, the rate is fixed for the duration of the selected term.
Fees & Charges¶
| Fee Type | Amount | Notes |
|---|---|---|
| Account Setup Fee | $0 | No charge to open a term deposit |
| Account-Keeping Fee | $0 | No ongoing fees during the term |
| Early Withdrawal Penalty | Reduced interest rate | If withdrawn before maturity, interest is recalculated at the base savings rate (currently 1.50% p.a.) less an administration adjustment of 0.50% p.a. The minimum payable rate is 0.00% p.a. |
| Maturity Withdrawal | $0 | No fee to withdraw funds at maturity |
| Rollover Fee | $0 | No fee for automatic or manual renewal at maturity |
Important: Early withdrawal of a term deposit is permitted only with 31 days' written notice to Apex Bank. In exceptional circumstances (financial hardship), Apex may waive the notice period at its discretion. The early withdrawal penalty is designed to reflect the economic cost to the bank of breaking the fixed-term agreement.
Eligibility¶
The Apex Term Deposit is available to:
- Individuals aged 18 years and over (or 14 years and over with a parent or guardian as joint holder).
- Australian citizens, permanent residents, and holders of eligible visa classes.
- Self-managed superannuation funds (SMSFs) — SMSF term deposits are held in the name of the fund's corporate trustee or individual trustees as applicable.
- Clubs, associations, and not-for-profit organisations (subject to provision of appropriate governing documents).
How to Apply¶
- Choose Your Term and Amount: Review the current interest rate schedule above and select the term and deposit amount that aligns with your savings objectives.
- Open Online or In-Branch: Existing Apex customers can open a term deposit instantly through Apex Internet Banking. New customers can apply online at apexfinancial.company or visit any Apex branch.
- Fund Your Deposit: Transfer the deposit amount from your linked Apex account or provide a bank cheque. Funds must be received within 3 business days of the application to lock in the quoted interest rate.
- Receive Confirmation: A Term Deposit Certificate is issued via email (or post on request) confirming the deposit amount, term, interest rate, maturity date, and interest payment instructions.
- At Maturity: Apex Bank will notify you at least 14 days before maturity. Provide your rollover or withdrawal instructions via Internet Banking, the Apex Mobile App, or by contacting 1300 273 956.
For further information, contact Apex Bank on 1300 273 956 or visit any Apex branch.
Related Resources
Apex Savings Account — Product Guide
Detailed product guide for the Apex Savings Account featuring a competitive bonus interest rate, no monthly fees, unlimited withdrawals, and flexible access through Internet Banking and the Apex Mobile App.
Apex Everyday Account — Product Guide
Complete guide to the Apex Everyday Account featuring zero monthly fees, Visa debit card, mobile wallet support, real-time notifications, and fee-free ATM access across the Apex network.