Savings

Term deposits

Deposits start from as little as $5000.
3.65%pa6 month term deposit.
Interest paid at maturity.
 
Savings

Term deposits

Deposits start from as little as $5000.
3.65%pa 6 month term deposit.
Interest paid at maturity.
 
Savings

Term deposits

3.65%pa
6 month term deposit. Interest paid at maturity.
 

Firstmac term deposits 

A Firstmac term deposit offers a great fixed rate that's secured by an Australian Government guarantee. With a choice of terms ranging from 30 days to 24 months you can start with as little as $5000. You even have the choice of having your interest paid monthly or at maturity*.

Apply online in minutes or call us on 13 12 20 to find out more.

30 day term deposit

2.00%p.a.

Interest paid 
at maturity

Apply Now

60 day term deposit

3.00%p.a.

Interest paid 
at maturity

Apply Now

90 day term deposit

3.65%p.a.

Interest paid
at maturity

Apply Now

6 month term deposit

3.65%p.a.

Interest paid
at maturity

Apply Now

12 month term deposit

3.70%p.a.

Interest paid
at maturity

Apply Now

24 month term deposit

3.80%p.a.

Interest paid
at maturity

Apply Now
 

Product features

Safe and secure with an Australian Government guarantee
Competitive interest rates
Lock in your return - a secure fixed rate for the length of the term
Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 12 months and 24 months. Other terms available on request
Easy online application

How they work

When you apply, all you need to do is tell us what you would like to happen at maturity of your term deposit (that's when the term of your deposit ends). 

Here are the options to choose from: 
  • Renew your principal and interest for the same or a different standard term, or to a maturity date selected by you
  • Renew your principal only for the same or a different standard term, or to a maturity date selected by you, and have your interest credited to your linked bank account
  • Close your term deposit at maturity
Maturity instructions
You can change your maturity instructions by calling us on 13 12 20 any time before your term deposit matures.

Frequently asked questions

  1. What is the minimum investment amount?
    • The minimum investment amount is AUD $5000
  2. What is the maximum investment amount?
    • You can invest up to AUD $5 million dollars at the rate advertised on the www.firstmac.com.au website. If you have an investment amount larger than this please advise us and we will provide you with a rate specific to this larger amount. 
  3. What terms are available?
    • Our standard terms are 30 days, 60 days, 90 days, 6 months, 12 months, and 24 months. If you have a specific term in mind, such as 50 days, please advise our support staff and we will provide you with a rate for your specific term. 
  4. Is there a limit on the amount of term deposits I can open?
    • No, you can open as many as you like 
  5. What options do I have when my term deposit matures?
    • You can choose to automatically reinvest the original sum plus the interest you have earned
    • You can add to your original deposit once it matures 
    • You can withdraw the interest you have earned and elect to reinvest the principal, or
    • Don't reinvest and have the principal and interest paid to an external account 
  6. Are there any set up costs?
    • There are no set up costs applicable 
  7. Can I withdraw from my term deposit?
    • You can't make a partial withdrawal from your term deposit account. However, you can withdraw all your funds during the term if you wish but the interest rate applied will reduce (please refer to the Firstmac Deposits Product Disclosure Statement). 
  8. Can I add additional funds into my term deposit?
    • You are not permitted to deposit additional money into a term deposit during the term. However, once the term is completed you can add funds for a new term. 
  9. How do I deposit money into my term deposit?
    • Funds transfer - simply transfer funds from any Australian bank account using the Firstmac BSB  (704 997), or
    • Direct debit - complete the direct debit request when you apply online for a term deposit. For this we require your BSB, account number, and date you would like us to debit your account. 
    • Cheque - Please send to GPO Box 7001, Brisbane QLD 4001

 

Australian Government guarantee

Which Firstmac accounts does the guarantee apply to?
The Firstmac term deposit products are covered by the Australian Government guarantee. The Australian Government automatically guarantees term deposits which are placed with an Australian deposit-taking institution (ADI), up to the balance of $250,000. As Firstmac term deposits are issued by Goldfields Money Limited, a registered ADI under the Financial Claims Scheme, the sum of all balances held in any Firstmac term deposit account are covered by the Australian Government guarantee. 

What does the Australian Government guarantee threshold mean for single and joint accounts?

Single Account Holders
Combined balances up to $250,000 per account holder/entity are covered by the Australian Government. For example, if an account holder has a balance of $300,000 the first $250,000 will be guaranteed by the Government. 

Joint Account Holders
Balances held in a joint account will be split equally among the individual account holders and combined with any other balances each account holder has with Firstmac. 

If a joint account has a balance of $500,000 with Firstmac, the whole balance is covered by the Government guarantee as the ownership of the funds are split equally between each account holder. 


For more information about the Australian Government guarantee

Information about the Government guarantee (also known as the Financial Claims Scheme) can be obtained by calling the
APRA hotline on 1300 558 849.

 

Firstmac Term Deposit Rates

Market leading deposit rates with an Australian Government guarantee.

Deposit term Maturity rate  Monthly rate
30 days 2.00%pa n/a
60 days 3.00%pa n/a
90 days 3.65%pa n/a
6 months 3.65%pa 3.55%pa
12 months 3.70%pa 3.60%pa
24 months 3.80%pa 3.70%pa

This information has been prepared without taking into account your individual objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. You should consider your financial needs and objectives before acting on this information. The Firstmac Deposits Product Disclosure Statement should be considered in making any decision about a product. Goldfields Money Limited ABN 63 087 651 849, AFSL and Australian Credit Licence 246884 is the deposit holder and issuer of all Firstmac Deposit Accounts and is an authorised deposit-taking institution under the Banking Act 1959 (Cth). The Firstmac Deposit products are promoted and distributed by Firstmac Limited ACN 094 145 963, AFSL and Australian Credit Licence 290600.