BankVic will reward savers who open a new 9 or 12 month term deposit account, with an increase of 0.25%, as of 15 August 2023.

This increase reflects BankVic’s commitment to providing competitive saving products for our members and supporting their financial well-being.

For more information on the rates for all loan and deposit products, head to BankVic.

As a member-owned bank, BankVic doesn’t distribute profits to shareholders. Profits generated are re-invested back into the business to benefit our members and their communities.