Term Deposits

If you’re looking to save, or just to make your money work harder, our range of term deposits offer reliable returns and competitive interest rates.

RSL Term Deposit

RSL Term Deposits

You can lock in our highly competitive term deposit rates now and relax. Your savings will be protected from market risks and you will receive a predictable return. Your deposit will be guaranteed by the Australian Government (up to a limit of $250,000) and you can receive interest payments taken either monthly or at maturity. 


interest rates


calculated daily

Covered by the

Financial Claims Scheme



Key features of our Term Deposits include:


  • Minimum investment amount $1,000. Maximum deposit limits apply.
  • Term length 3 – 36 months
  • Interest calculated daily
  • Interest paid at maturity
  • Covered by the Financial Claims Scheme 
  • No monthly or annual fees

To be eligible, applicants must be a member of an RSL Sub-Branch. 

To open a Term Deposit, call us on 1300 13 23 28.


Rates & Fees


Term Deposit interest rates for RSL Sub-Branches and individual members:

  $1,000 and above
3 months 3.50% p.a.*
4 - 5 months 5.10% p.a.*
6 - 9 months 4.80% p.a*
10 - 11 months 4.80% p.a.*
12 months 4.80% p.a.*
13 - 15 months 4.65% p.a.*
16 - 23 months 3.95% p.a.
24 - 36 months 3.95% p.a.

*Interest rate applies to both monthly interest and maturity interest options.
*Monthly interest only available up to 12 months.

If you are an RSL Sub-Branch or associated entity, please contact us for our current rates.

Rates are current as at 06 June 2024 and are subject to change at RSL Money’s discretion. Maximum deposit limits apply.

Other Term Deposit options are also available, please contact Australian Military Bank for further details.

For information on fees that may be payable in relation to a RSL Term deposit, please see our Fees and Charges Schedule.  

Download our Schedule of Fees and Charges

View our Terms and Conditions of use: Account & Access Facility (Australian Military Bank)

View our Terms and Conditions of use: Account & Access Facility (RSL Money)

The Target Market Determinations (TMD) for our products are available here



Here are the most common questions we get asked about our Term Deposit Accounts. Can’t see your question? Call us on 1300 13 23 28.

How is the interest calculated?
Interest is calculated daily and is paid per annum, or at the end of your chosen term length.

What is the Government guarantee on bank deposits?  
The Australian Government guarantees deposits up to $250,000 per depositor in Authorised Deposit-taking Institutions (ADIs) under the Financial Claims Scheme. This means that your money is guaranteed to be safe in the unlikely event that anything happens to the ADI. To find out more about the scheme visit the Money Smart website. 

Is there a minimum deposit needed to get started?
Yes, a balance of $1,000 or more is needed to open your account.

Can I withdraw my money at any time?
When you apply for a Term Deposit your funds will be set aside for a nominated term. If you wish to access your funds before your term is up, fees and charges may apply.

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