Benefits of a business term deposit

Enjoy the benefits of an easy to manage account that gives you peace of mind with a fixed rate of return.

Earn interest on surplus cash

Competitive, fixed interest rates, based on the term you choose.

No account or application fees

Enjoy having no monthly account fees or application fee so you can invest more surplus cash.

Choose your own interest payment schedule

Have your interest paid monthly, quarterly, half-yearly or annually (if you invest for 12 months or more).

Select a fixed term that suits you

The ability to choose a term to suit your needs – from 30 days to five years.

Lock in a competitive rate

Feel confident knowing your rate of return with a competitive fixed interest rate.

Flexible investment options

Choose from a range of terms and interest payment options to suit your business.

Fixed terms and interest rates

Choose the fixed term and rate that best suits your business needs with a minimum deposit of $5,000.

90 day term

3.50 % p.a.

Get a competitive rate, while offering the flexibility of a shorter term.

6 month term

3.80 % p.a.

If you’re happy to lock it away for a bit longer, make your money work even harder for you.

12 month term

4.70 % p.a.

Simply want to lock your money away for a year and forget about it? This is the rate you’ll get.

The above rates are based on an investment of between $5,000 and $1,999,999.

Why open a business term deposit?

  • Low risk business investment with a guaranteed return.
  • Can be used to secure a bank guarantee.
  • Resist spending your surplus business income and earn interest instead.
  • Enjoy the security of knowing term deposits up to $250,000 are guaranteed by the federal Government.

Not a business customer?

Explore your options with a term deposit for personal use.

Understanding business term deposits

What is a business term deposit?

A business term deposit  is a type of savings account that lets you invest funds for a fixed term at a fixed rate of interest. Interest is calculated daily and paid at maturity (for terms up to 12 months), or monthly, quarterly, half-yearly or annually (for terms over 12 months). Typically, you cannot access your funds before the end of the term without paying a penalty. 

What is 'maturity'?

The end of your fixed term is known as 'maturity'. At maturity, you can choose to withdraw some (or all) of your funds or 'reinvest' your money for a new term. If you haven’t given specific instructions about maturity, the funds will automatically be reinvested for the same term at the interest rate applicable on the date of maturity. You have seven calendar days after your funds are reinvested to make any changes (such as adding or withdrawing funds at no cost).

Withdrawing funds early

Accessing funds before maturity will incur a prepayment cost, which is outlined in our terms and conditions. You’ll need to give us at least 31 days’ notice – unless you’re experiencing hardship.

Help and support

View our guides for helping Australian businesses better manage their finances.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Other business accounts to consider

Haven't found what you're looking for? Here are a few more account options that might interest you.

Get in touch

Contact us

Visit our business banking contact page for how-to-guides and FAQs, as well as contact numbers.

Visit a NAB branch

Our business bankers are located all around Australia.

Terms and Conditions

NAB Term Deposits Terms and Conditions

Indicator rates - selected term deposit products

We recommend you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding these products. These products are issued by National Australia Bank Limited ABN 12 004 044 937.

Target Market Determinations for these products are available at