Income for not-for-profits is not always guaranteed, so building reserves is important.
Our savings options range from traditional term deposits, to savings accounts designed for organisations looking to make a positive impact with their banking.
Our term deposits are for organisations looking for stability for their savings. Interest rates are guaranteed for the lifetime of the deposit. Offered through Bendigo Bank, our term deposits provide competitive interest rates and a wide choice of terms.
Need urgent access to your money? We offer a streamlined overdraft application process to help give you piece of mind.
Term Deposit Terms & Conditions.
Our tailored products help you make the most of your money, backed by the security of Australia’s fifth largest bank, Bendigo Bank.
You can open this account in your local Bendigo Bank branch or you can complete the relevant forms and mail them to our Customer Service and Engagement team.
You will need the 'Business Customer Account Opening Form' and the 'Term Deposit Consent Form'.
Each signatory, Beneficial owner/controller, signing directors/board members, will be required to present identification at their local Bendigo Bank branch or alternatively have a JP (or other authorised certifier) certify identification and complete the 'Certified Identification Form'.
If any of these people are already a customer of Bendigo Bank, they just need to provide us with their account number to link their identification to.
We will also require business documentation, this will be dependent on the type of organisation.
For incorporated associations we will be required to complete an ASIC search. If the organisation isn’t registered with ASIC you will need to provide us with an original, certified copy or extract of the rules or constitution of the organisation.
An original or Certified Copy of the Full Trust deed and latest Original or certified copy of the Amendment to Trust. We will also require identification for one at least one trustee.
No further business documentation required - we will complete a company search on your behalf.
For any other types of organisations, please contact our Customer Service & Engagement team on 1300 CSBANK (1300 272 265) for our business documentation requirements.
Do your rates stay the same for the full term?
Yes, you are guaranteed the same rate for the full term of your investment.
Can you release it early?
We require 31 days’ notice in writing to release funds from your investment.
What if I need access to funds urgently?
If you need urgent access to funds in your term deposit, we can organise an emergency overdraft. Contact our Customer Service and Engagement team or call into your local Bendigo Bank branch.
When your term deposit is maturing, you will receive a renewal advice letter from Bendigo Bank two weeks prior to maturity. The letter will let you know how to contact Bendigo Bank if you wish to alter the instructions on your maturing term deposit.