Personal Banking

Term Deposits

Term deposit is a low risk investment that provides a good interest rate over a normal saving account. Our bank accepts deposits in Australian dollars (AUD), Hong Kong dollars (HKD) and United States dollars (USD).

Main features including:

  • A choice of maturity terms ranging from 7 days to 5 years is generally available. Subject to the Bank’s approval, customers may also select maturity dates that suit their needs.

  • Flexible terms are offered and you may withdraw either the whole or part of your deposit before maturity date without any penalty.

  • No account keeping fees apply.

  • There is no need to complete an account opening form if you maintain a demand deposit account with the bank.

  • Same value date will be provided for AUD cheque drawn on other banks in Australia.


Our bank offers competitive interest rates, will be calculated based on the rate applicable to your deposit from the date the deposit is made until the date of maturity, excluding the date of withdrawal.

  • Interest is paid at maturity, if the maturity date falls on a Saturday, Sunday or Public Holiday, then it will be extended to the next working day.

  • At the time you invest your Term Deposit, you may instruct the Bank to: automatically credit interest to your account on the date of payment; or

  • reinvest interest with the original Term Deposit at maturity; or

  • withdraw interest (by cash or cheque).

How to apply:

  • Visit your local branch with you identification documents.


Information above including interest rates is correct as at 06/03/2015 and is subject to change without notice. Fees and charges apply. Please refer to our “Schedule of Fees and Charges”. Consider the “Savings and Investment Accounts Product Disclosure Statement & Terms and Conditions” available on request, before deciding to acquire or to continue to hold this product. We are not providing financial product advice. You should consider obtaining independent advice before making any financial decisions. For more details relevant to term deposit accounts, call 1800 095 566 (24/7).

       Product issuer is Bank of China (Australia) Ltd. ABN 28 110 077 622 AFSL No. 287322.