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Term Deposit (Platinum Plus Club Members)


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 - $9,999,999
1 year 2.20%
2 years 2.20%
3 years 2.20%
4 years 2.20%
5 years 2.20%




A term deposit refers to when you lock your money in an account for a certain period of time and at a specified interest rate. You will not be able to access your money for the length of the agreed term without incurring a penalty fee.

A long term deposit generally refers to a term deposit that lasts for more than 12 months – which in some cases may be as long as 10 years.

Usually, the longer you store your money, the better the interest rate you’ll get, so a long term deposit will tend to pay higher interest than a short term deposit.

At the end of the term, you can roll over the money (plus the interest you’ve made during the term), or you can withdraw it all.

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