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Term Deposit


Calculate term deposit interest for CUA

Deposit amount

Savings term


Pros and Cons

  • Covered By government guarantee
  • Interest cannot be paid to other institution

CUA term deposit rates

Savings Term
$5,000 - $1,000,000
1 month 1.25%
2 months 1.45%
3 months 1.85%
4 months 2.10%
5 months 2.15%
6 months 2.10%
7 months 2.05%
8 months 2.10%
9 months 2.10%
10 months 2.15%
11 months 2.10%
1 year 2.10%
2 years 2.10%
3 years 2.10%
4 years 2.10%
5 years 2.10%




Yes, term deposits are covered by the Australian government guarantee.

Under the Financial Claims Scheme, the Australian government guarantees term deposits up to $250,000, capped at one person, per financial institution.

This means that your term deposit (if it’s $250,000 or less) is protected in the unlikely event the bank, building society or credit union collapses.

If you have more than $250,000 in a term deposit with one the one bank, for example, then only up to $250,000 of your principal is covered.

If you’ve got more than $250,000 and you wish to invest in a term deposit, you could consider dividing your money between term deposits and banks (limiting each deposit to $250,000 per bank).

That way all of your deposits are protected by the Australian government guarantee and you will not suffer any financial losses.

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