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- Illawarra Credit Union
- Term Deposit
Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
Interest rate
1.75%
Maximum rate
4.25%
for 12 months
Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
Interest rate
1.75%
Maximum rate
4.25%
for 12 months
Pros and Cons
For Term Deposit
Benefits
- Only 7 days notice to withdraw funds before maturity
- Automatic maturity rollover
Drawbacks
- Early withdrawal available with $30 fees
- Interest cannot be paid to other institution
Illawarra Credit Union 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
18
Notice period to withdraw
7
Is covered by government guarantee
Target Market Determination
Visit Illawarra Credit Union Limited to view Target Market Determination.
Features
Interest
Interest Calculation Frequency
Daily
Interest Payment Frequency Options
Monthly, At Maturity
Interest payment via other institution
Interest payment method
Direct Credit, Rollover on maturity
Interest
Fees
Account keeping fee
$0
Early withdrawal fee
$30
Fees
Rates
TermRates on deposit of ($1,000 - $999,999)
1 month1.75%
2 months1.75%
3 months4.20%
4 months4.20%
5 months4.20%
6 months4.20%
7 months3.80%
8 months3.80%
9 months3.80%
10 months3.60%
11 months3.60%
1 year4.25%
Rates