Direct Access Term Deposits

Investing in term deposits through your Direct Access account

With Direct Access, eligible members can now take advantage of highly competitive retail term deposit rates – giving you the protection you want at a fixed rate of return. Direct Access offers a range of deposit providers and terms, which you can pick and choose from according to your own preferences. You are able to invest in as many as you wish, however a minimum and maximum investment applies to each term deposit. See the Direct Access Product Guide for more information.

Choose your preferred term and rate

Term Deposit rates effective from 23 - 29 July, 2021.

Term ME Bank (p.a) NAB (p.a.)
90 days 0.50% 0.26%
180 days 0.70% 0.29%
365 days 0.80% 0.35%

Choose your Term Deposit provider

The term deposits currently available through your Direct Access account are provided by two APRA regulated providers: ME Bank and NAB. A brief overview of these providers (supplied directly by each) is included below. For more information about these providers, please visit their respective websites. To obtain the relevant disclosure materials, please visit the ME Bank or NAB websites provided below.

me bank logo

ME Bank

ME Bank is a 100% Australian-owned, APRA regulated Bank, which was built to provide a genuine banking alternative - a fairer way to bank. ME Bank offers a range of competitive personal banking products including home loans, savings and transaction accounts and personal loans, as well as a range of business banking products. ME Bank has banking managers across the country who visit customers at times and locations convenient to them. To find out more call 13 15 63 or visit mebank.com.au

nab logo

NAB

National Australia Bank is a financial services organisation with over 50,000 people, operating more than 1,800 stores and business banking centres, and is responsible to more than 550,000 shareholders. While its core franchise is Australian-based, NAB also has interests in New Zealand, Asia, the United Kingdom and the United States. Find out more at www.nab.com.au

Cash Transaction Account

Any earnings from term deposits or listed securities are usually credited to your Cash Transaction Account (CTA). The CTA is designed to hold your money for short periods of time, until you either invest in Direct Access, or transfer funds back into one of our diversified or single asset class investment options.

Funds held within your CTA are deposited with ANZ and attract interest at a rate of 0.80% above the ANZ official cash rate. Effective 4 November 2020 that rate is 0.90% p.a.

Find out more

For more information about Direct Access or your term deposit and other investment options, read the Direct Access Product Guide or call 1300 033 166 between 8.30am and 5.30pm (Melbourne time) Monday to Friday.

ME Bank or NAB banking products and other services are issued or provided respectively by: Members Equity Bank Pty Ltd ABN 56 070 887 679 AFSL 229500; National Australia Bank Limited ABN 12 004 044 937 AFSL 230686. TelstraSuper is not the issuer or provider of these products or services. TelstraSuper does not recommend, endorse or accept any responsibility for the products and services offered by ME Bank or NAB or any liability for loss or damage incurred as a result of services provided by third parties. Before taking up any ME Bank or NAB product or service, please ensure you familiarise yourself with the products or services available to TelstraSuper members by calling ME Bank or NAB or visiting their respective websites. Information about TelstraSuper is provided by or with the consent of Telstra Super Pty Ltd ABN 86 007 422 522 AFSL 236 709 as trustee for the TelstraSuperannuation Scheme ABN 85 502 108 833. For further information about TelstraSuper call 1300 033 166 for a product disclosure statement and other disclosure material. This is general advice only and does not take into account your objectives, financial situation or needs. For this reason, before acting on this advice, consider its appropriateness having regard to your own circumstances and obtain relevant disclosure documents available from ME Bank or NAB.