APS Savings > Term Investments
Term Investments
Feel confident knowing exactly how much your money will earn. Lock-in a competitive interest rate for a term that suits your financial goals.
Rates
Features
Support and FAQs
Compare rates and terms
4.00% p.a.
24 month term
3.75% p.a.
12 month term
3.50% p.a.
6 month term
Features
Enjoy fixed returns
Interest calculated daily and paid monthly for fixed term investments
No maintenance fees
Earn money without having to worry about fees
Earn bonus interest
Get a bonus 0.25% when you reinvest for a new term
Notice of withdrawal (NOW) accounts
A NOW account enables you to withdraw your money anytime you need it.
Just provide 31 days notice and your money is back in your hands.
This is a good option if you need immediate access to your money, but would still like a competitive rate of return. Manage your account online, with direct debit and the flexibility of not having a fixed term.
3.25% p.a.
31 Day Notice of Withdrawal
Your options at maturity
Approximately two weeks before the Investment matures, we will notify and inform you of the current terms and rates. You have two options:
Reinvest
If you choose to reinvest after 12 months, you will earn an additional bonus rate of 0.25% p.a. with your funds.
Full withdrawal
Withdraw all of your investment including the interest you’ve earned. Tell us where to send the money and it’s back in your hands.
“The friendliest and most efficient service you can get. They take the time to help you and guide you in setting up accounts and savings. Terrific rates for your saving and loans”
– Josip
“I feel very secure knowing that our savings are secure and earning very good interest. I would not hesitate to recommend this company to anybody. Thank you so much for all your help.” – Barbara
How it works
1. Apply online
Choose how much you’re going to invest and for how long. We’ll also ask you how often you want to receive your interest payments.
2. Earn interest
Receive interest payments monthly. Payments can be made into your bank account or automatically reinvested. Edit your bank account at any time.
3. Reinvest or withdraw funds
At the end of the term we’ll pay out the balance of your term investment or you may choose to reinvest the amount to create more wealth.
How Anthea and John saved for their first home — and how you could too.
Saving for a house deposit can take years of hard work but it isn’t impossible if you have the right plan in place. Jonathan and Anthea decided they were ready to knuckle down and save for their first home.
They struggled to find a bank that would offer them an interest rate more than 1% p.a. until a relative recommended APS benefits.
With their $26K investment, Jonathan and Anthea calculated their yearly interest earnings with a major bank to be $70 compared to $500 with an APS Savings account. It was a pretty easy decision from there!
Resources to get you started
How does APS Savings compare to the big banks?
Everything you need to know about term investments
Is a term investment or NOW account right for you?
FAQs
What are the fees associated with APS Savings accounts?
There are no fees associated with APS Savings accounts. As a not-for-profit cooperative, our priority is helping you to maximise your savings without having to worry about the fees!
Will my investment be secure?
Having commenced business in 1905 and being a nonprofit owned by 30,000 members and clients, we are a very conservative organisation. We use our depositors funds to fund residential property loans secured by first mortgage with a maximum loan to valuation ratio of 80 per cent. We do not fund property developments or commercial or retail property loans.
What are the minimum and maximum deposit amounts?
What are the identification requirements?
What happens when my term investment reaches maturity?
Approximately two weeks before the Investment falls due, we will notify you of the upcoming maturity and inform you of the current terms and rates with the option to reinvest. If you choose to reinvest after 12 months, you will earn an additional bonus rate of 0.25% p.a. with your funds
then earning an attractive 4.25% p.a. interest rate.
How is interest calculated and paid?
Your Interest is calculated daily. For term investments, interest is paid monthly as directed by the member or it can be added to the principal each month. For our 31 Day Notice of Withdrawal (NOW) accounts, interest is added to the principal at the end of each calendar month, then earning an attractive 3.25% p.a. interest rate.
We’re here to help you
Reach us from 9:00am until 5:00pm weekdays
Notices & downloads
Important information
This is not a bank product, it is an unlisted deposit note. No independent assessment has been made about the risk to investors losing any of their principal investment. Applications for deposit notes can only be made on the Investment Application Form which accompanies the prospectus issued by APS Savings Ltd. Please read the prospectus carefully before deciding whether to make an investment.