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.

Save on 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 term that suits you

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

Peace of mind

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

0.40 % p.a.

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

6 month term

0.80 % 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

2.50 % 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.

Not a business customer?

Explore your options with a term deposit for personal use.

Understanding term deposits

What is a term deposit?

Term deposits are a type of savings account that lets you invest funds for a specific term at a fixed interest rate. 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).

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.

Contact us

Request a call back

Let us help you with your business banking needs.

Call us

Call us for your general enquiries about business banking.

Visit a NAB branch

Use our locations tool to find business banking services.

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