Term deposits
6 months
1.55% p.a.
12 months
2.05% 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.
Term deposit rates
Interest rates are subject to change.
| Term | Interest rate p.a. |
|---|---|
| 3 months | 0.65% |
| 4 months | 1.00% |
| 5 months | 1.10% |
| 6 months | 1.55% |
| 7 months | 1.55% |
| 8 months | 1.55% |
| 9 months | 1.65% |
| 12 months | 2.05% |
| 18 months | 2.15% |
| 24 months | 2.35% |
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.
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.