Money market deposits

Bendigo Bank Financial Markets provides money market related products and services to Middle Market customers.

Middle Market customers include (but are not limited to) Municipal Councils, Hospitals, Universities, Public Entities and large corporations.

Customers benefit from:

  • a range of flexible products*
  • competitive market based interest rates
  • personal customer service

*All products require a minimum of $500,000 investment.

  • Term Deposits (TD)

    An ideal investment for customers with cash flow certainty, Term Deposits are fixed interest deposits offering security, flexibility and competitive interest rates.

    Key features include:

    • Terms of 30 days to 5 years
    • Interest is paid at maturity or annually for deposits 2 years and longer
    • Term deposits cannot be redeemed prior to maturity
  • Negotiable Certificates of Deposit (NCD)

    A Negotiable Certificate of Deposit (NCD) is a discount security issued by Bendigo Bank and sold to investors at a discount to the Face Value. It is a flexible solution for customers who are confident in their cash flow projections.

    Key features include:

    • Terms from 30 days to 364 days
    • Optional access to all or part of the invested funds
    • Can be on-sold to other investors if the holder needs funds before the maturity date
    • Can be lodged in Austraclear depository and settlement system for investors who are members
  • 11AM Call Deposits (11AM)

    An overnight deposit facility with Bendigo Bank.

    Key features include:

    • Daily access to funds providing we receive notice before 11.00 a.m.
    • Interest paid monthly and rolled in to the 11AM deposit or paid to your nominated bank account
    • Ideal for customers with uncertainty in their short-term cash flow projections.
  • Notice Accounts

    A Notice Account is a deposit account that combines the high interest rate of a term deposit with the flexibility of an at call account.

    This account is well suited to investors who expect their investments to be stable over a long period.

    Notice accounts also provide peace of mind knowing funds are accessible by providing the required notice (e.g. 31 days for a ‘31 days’ Notice Account’) if circumstances change.

    Key features include:

    • Withdrawals processed to the customers’ nominated Bank account when the notice period has expired
    • Interest paid monthly and rolled into the Notice Account or paid to a nominated bank account