Firstmac is a privately-owned company that has been operating to deliver competitive financial products to its customers for more than 40 years. Originally a small family business, Firstmac has since grown to become Australia’s leading non-bank lender.
Compare some of Firstmac’s Term Deposits in the table below
Provider | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At Maturity | $product[$field["value"]] | $product[$field["value"]] | $product[$field["value"]] | 5000 | $product[$field["value"]] | $product[$field["value"]] | More details | ||||||
| FEATURED | Term Deposit - 12 months
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Term Deposit - 12 months
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| At Maturity | $product[$field["value"]] | $product[$field["value"]] | $product[$field["value"]] | 5000 | $product[$field["value"]] | $product[$field["value"]] | More details | ||||||
Term Deposit - 1 month | |||||||||||||
| At Maturity | $product[$field["value"]] | $product[$field["value"]] | $product[$field["value"]] | 5000 | $product[$field["value"]] | $product[$field["value"]] | More details | ||||||
Term Deposit - 2 months | |||||||||||||
| At Maturity | $product[$field["value"]] | $product[$field["value"]] | $product[$field["value"]] | 5000 | $product[$field["value"]] | $product[$field["value"]] | More details | ||||||
Term Deposit - 3 months | |||||||||||||
| At Maturity | $product[$field["value"]] | $product[$field["value"]] | $product[$field["value"]] | 5000 | $product[$field["value"]] | $product[$field["value"]] | More details | ||||||
Term Deposit - 24 months | |||||||||||||
| At Maturity | $product[$field["value"]] | $product[$field["value"]] | $product[$field["value"]] | 5000 | $product[$field["value"]] | $product[$field["value"]] | More details | ||||||
| FEATURED | Term Deposit - 6 months
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Term Deposit - 6 months
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What term deposits does Firstmac offer?
Firstmac offers a broad range of term deposit products to its customers.
Firstmac Managing Director Kim Cannon said Firstmac’s range of term deposits cover most investor needs, both for individual investors and SMSFs.
"These range in term from 30 days through to 24 months and in size from $5,000 to $250,000," Mr Cannon told Savings.com.au
"All of our Term Deposits feature competitive rates, we also have excellent service and unlike some other financial institutions - we have an Australian-based call centre with customer care specialists available to discuss your options and help you at any time during the application or deposit term.
"We have a simple online application process and if you are investing as an individual, it only takes a few minutes, there is no need to fill out any paper forms or visit an office.
"Once the customer completes the application, they can log in online and view their account within an hour."
Firstmac term deposit features
Australian Government Guarantee
All Firstmac deposits are covered under the Australian Government Guarantee up to a limit of $250,000 for each account holder.
Competitive interest rate
Firstmac offers competitive term deposit rates and terms ranging from 30 days to 24 months.
Returns locked in
You can lock in your return with a secure fixed term deposit rate for the length of your chosen deposit term.
Flexible terms
Choose from a range of terms including a 3 month term deposit, a 6 month term deposit, a 1 year term deposit and a 2 year term deposit. Other terms available on request.
Invest $5,000 or more
Start with $5,000 or $5 million in your Firstmac Term Deposit, and let your money work for you.
What happens once the term deposit matures?
When the term of your deposit ends, maturity has then been reached. When you’re applying for a Fistmac term deposit all you need to do is tell them what you would like to happen at maturity as there are several options available to you:
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Renew your deposit and interest earnings for the same or a different standard term, or to a maturity date selected by you.
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Renew your deposit only for the same or a different standard term, or to a maturity date selected by you, and have your interest earnings credited to your linked bank account.
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Close your term deposit and have your deposit and interest earnings credited to your linked bank account.
Changes to maturity instructions:
The option that you select when applying for a term deposit isn’t final, you can change your maturity instructions by calling the Firstmac assistance team any time before your term deposit matures.
Firstmac term deposit eligibility
Firstmac prides itself on making it easy to invest in a high interest term deposit. Allowing customers to go from application to investment in just a few easy online steps.
To apply for a Firstmac term deposit account, customers must:
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Have a minimum deposit of $5,000.
Required documents
To open a term deposit account with Firstmac, you’ll need to provide the following documents and personal information:
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An Australian residential address
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A phone number
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Your bank account details
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Your Tax File Number (otherwise tax is deducted at the highest marginal rate)
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Driver’s license
In the interest of full disclosure, Savings.com.au is an associate of Firstmac.
Image by Towfiqu barbhuiya via Unsplash.
Harry O'Sullivan
William Jolly
Harrison Astbury
