Term deposits

6 months

5.90% p.a.

9 months

6.00% p.a.

Invest now, for the future.

  • $500 minimum investment.
  • Maximum combined amount of $250,000.
  • Interest paid out monthly, quarterly or six monthly.
  • Reinvest on maturity.
Open a term deposit

Term deposit rates

Interest rates are subject to change.

Term Interest rate p.a.
3 months 4.10%
4 months 4.20%
5 months 4.65%
6 months 5.90%
7 months 6.00%
8 months 6.00%
9 months 6.00%
12 months 5.90%
18 months 5.80% 
24 months 5.60%


Features and benefits of our term deposits

  • Our competitive interest rates apply for all amounts from $500 (to a maximum combined amount of $250,000), which means you don't need to have a lot of money invested to get a great rate.
  • You can have interest paid out monthly, quarterly, or six monthly to your Credit Union account to offset some of your expenses, such as Health Plan premiums.
  • Interest on term deposits 12 months or longer can be compounded quarterly, six monthly, or annually, which means your investment grows faster, by earning interest on your interest.
  • On maturity term deposits can be reinvested, paid into your Credit Union account or paid out to an external bank account.

Other important info:

  • Term deposits are a fixed-term investment. You may request a term deposit be broken and paid out early in the case of an emergency.
  • If you break a term deposit early, you will receive a penalty redemption rate of 0.05% p.a. on the funds you break, calculated from the date the term deposit started through to the date of withdrawal.
  • If your term deposit reinvests and you wish to change the term it was reinvested into, you can request this within one week of the reinvestment date. You will receive the term deposit rate that was applicable at the original date of reinvestment.

Open a term deposit

For further information or to open a term deposit, please contact our friendly team Monday to Friday 8.00am to 5.00pm on 0800 429 000.