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  4. Term Deposit

Term Deposit

  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution

Interest rate

4.00%

Maximum rate

5.25%

for 7 months

Term Deposit

  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution

Interest rate

4.00%

Maximum rate

5.25%

for 7 months

Pros and Cons

For Term Deposit

Benefits

  • Interest can be paid to other institution
  • Only 1 days notice to withdraw funds before maturity
  • Automatic maturity rollover

Drawbacks

  • Early withdrawal available with $20 fees

Credit Union SA Rate Term Deposit overview

For Term Deposit

Features

Min deposit

$1,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum age requirement

Notice period to withdraw

1

Is covered by government guarantee

Target Market Determination

Interest

Interest calculation frequency

Daily

Interest payment frequency options

At Maturity, Annually

Interest payment via other institution

Interest payment method

-

Fees

Account keeping fee

$0

Early withdrawal fee

$20

Rates

TermRates on deposit of ($1,000 - $99,999,999)
3 months4.00%
4 months4.00%
5 months4.20%
6 months4.30%
7 months5.25%
8 months4.00%
9 months4.80%
10 months4.00%
11 months4.00%
1 year4.80%
2 years4.00%
3 years3.50%
4 years3.50%
5 years3.50%