Our term deposits are a great way to make the most of your funds, whether you are looking for a long or short term investment.
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A low risk option that delivers a fixed rate of interest over a fixed period of time.
- Secure investment for your funds
- A better interest rate is offered compared to an 'on call' accounts
- The fixed Interest rate is guaranteed for the term of the deposit
- Minimum amount for a term deposit is $500
- Flexible investment terms vary from 60 days up to 24 months
- The amount deposited is for the fixed term selected at the interest rates applicable on the day of deposit
Interest can be paid monthly, quarterly, half-yearly or annually to another Credit Union account or by cheque. Otherwise interest is paid on maturity.