Term Deposits: invest from as little as $2,000 from 1 month to 4 years for a high return investment
A secure, low-risk investment option
Term Deposits allow you to place funds in an account where the interest rate is set for a fixed period of time.
Choose the term that suits you
Term Deposit investment terms range from 1 month to 4 years.
Earn competitive interest
- We offer high interest rates. Have a look at our latest interest rates.
- Interest is calculated on a daily balance basis.
- Interest on Standard Term Deposits and Special Term Deposits may be paid:
- at maturity; or
- every six months (Special Term Deposit only); or
- at the end of each quarter (March, June, September, December) and at maturity.
- Interest on Monthly Income Account and Special Monthly Income Account is paid monthly from the date of deposit to a PSIS At Call Account or to an external bank account.
- You can choose interest to be paid in the following ways:
- if the Term Deposit is for a period of more than three months and interest is paid quarterly, it may be compounded to the Term Deposit.
- paid to a PSIS At Call account.
- paid to an external bank account.
Minimum deposits required
| Standard Term Deposit | $2,000 |
| Special Interest Rate Term Deposit | $5,000 |
| Monthly Income Account | $5,000 |
| Special Monthly Income Account | $5,000 |
Open a Term Deposit today
To open a Term Deposit, drop into your local PSIS branch, or call us today on 0800 AT PSIS (287 747).
PSIS is not a registered bank, but a very co-operative co-operative.
Interest rates are subject to change. All deposits are secured by First Ranking Stock and rank equally with all existing deposits with PSIS Limited. An Investment Statement and a current registered Prospectus are available from any PSIS branch or can be downloaded here. For all lending products, PSIS Limited lending and insurance criteria, and fees apply.
