Rates, Fees & Charges
Term Deposits
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Interest Rates
Fees & Charges
No Wide Bay fees or charges apply to Australian residents who supply their
tax file number.
Term Deposit - Early Withdrawal Rate
Interest rates are offered on the basis that you agree to invest an amount of money for a certain length of time.
You can withdraw all of your term deposit funds at maturity without incurring a penalty.
We may allow you to access your term deposit funds at other times other than maturity, however you will lose a proportion of the interest. Three calendar days notice is required for early withdrawals. The amount of interest charged as a penalty will depend on how early in the term you seek to access your funds – as outlined in the table below:
| Proportion of term completed |
Penalty Reduction |
| up to 5% |
95% of your deposit rate |
| up to 25% |
80% of your deposit rate |
| up to 50% |
60% of your deposit rate |
| up to 75% |
40% of your deposit rate |
| up to (but not including) 100% |
20% of your deposit rate |
If you have already received interest before maturity date (as would be the case with monthly, quarterly or yearly interest payments) and you close your term deposit early – Wide Bay will deduct penalty interest from your final interest payment and/or principal.
