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Endeavour Mutual Bank Term Deposits

Endeavour Mutual Bank is a community-based banking organisation that offers its members across NSW a full range of accounts, home loans, investment, insurance, financial planning and lending products to fulfil your every financial need. Endeavour Mutual Bank has been operating since the mid-20th century, primarily services members in the Sydney and Newcastle/Hunter regions of NSW, and changed its name from Select Encompass Credit Union in February 2018.

Endeavour Mutual Bank term deposit interest calculator

Thinking about taking out a term deposit with Endeavour Mutual Bank? Use our term deposit calculator to see how much you can earn under different investment scenarios. You can also see how Endeavour Mutual Bank term deposits compare with other options.

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Savings Duration

months

Endeavour Mutual Bank Term Deposits rates

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FAQs

You may have heard that a term deposit is a type of investment, different to a traditional savings account. All investment comes with inherent risk, so it’s important to know how safe a term deposit is before committing.

Term deposits offer a fixed interest rate which is guaranteed, so you do not have to worry about rising or falling interest rates when investing. You can add up how much interest you will earn over your fixed term, and this will be paid into your account per the conditions of your term deposit.

Term deposits with authorised deposit-taking institutions are also guaranteed for up to $250,000 by the Financial Claims Scheme, so you don’t have to worry about the bank collapsing either.

The only inherent risk of a term deposit is if you may need to break it early. If this happens, you will need to pay a breakage fee and possibly sacrifice some of your interest as a penalty. But if you know you can invest a certain amount of money for a fixed period of time, you can rest assured that a term deposit is a safe investment option.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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