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Savings & deposits

Put your money to work, on your terms

Flexible savings for everyday goals, and fixed-term deposits when you want a rate fixed for the whole term and a known maturity date.

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Flexible

Savings accounts

Open up to three savings accounts alongside your checking, each with its own name and goal. Interest is calculated daily on the balance and paid monthly.

  • Up to three savings accounts
  • Interest calculated daily, paid monthly
  • Move money in and out any time
  • Name each account for a goal

Fixed rate

Fixed-term deposits

Lock away an amount for a fixed term at a fixed rate. You know exactly what you'll earn and when it matures, and you choose what happens at maturity.

  • Terms from 3 months to 5 years
  • Rate fixed for the full term
  • Maturity date and interest shown before you confirm
  • Choose to pay out or renew at maturity

Fixed-term rates

Know what you'll earn before you commit

Minimum deposit $500. Rates shown are for new deposits; the rate is fixed for your full term once placed.

  • 3 months3.00%fixed rate
  • 6 months3.75%fixed rate
  • 1 year4.50%fixed rate
  • 2 years4.75%fixed rate
  • 3 years5.00%fixed rate
  • 5 years5.25%fixed rate

At maturity

You decide what happens next

Choose when you open the deposit, and change it any time before maturity. If you need the money early, you can end the deposit and forfeit up to 3 months of interest. You never lose any of your original amount.

  • Pay out to my account

    Principal and interest go to the account you choose.

  • Renew the principal, pay out interest

    The original amount starts a new term at the rate offered then.

  • Renew principal and interest

    Everything rolls into a new term at the rate offered then.

Start saving with NOVARA.

Request access to open your account, then add a savings account or place a fixed deposit in the app.

Request access