BRISBANE: Auswide Bank Ltd has partnered with National Seniors Australia to provide their members with access to a range of fixed interest term deposits.

The establishment of mutually beneficial partnerships with member and community-based organisations like National Seniors is a key pillar of Auswide Bank’s three-year strategic plan and will support further retail and business banking growth.

Auswide Bank’s Managing Director Martin Barrett said: “Auswide Bank and National Seniors Australia share values that place our customers and members at the heart of everything we do. This partnership is an excellent fit because it delivers additional value to National Seniors’ members, customers and supporters and reflects our focus on low cost deposit growth and an optimal funding mix.”

According to National Seniors Chief Executive Professor John McCallum, launching tailored financial products in partnership with a reputable provider like Auswide Bank gives its members a low-risk, no-fee way to save.

Prof McCallum said: “Our partnership with Auswide Bank means that older Australians can secure a competitive fixed interest rate on their savings, through a new range of ‘white label’ National Seniors Term Deposits issued by Auswide Bank.”