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- Term Deposits
- LCU
- Fixed Term Deposits
Fixed Term Deposits
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
2.35%
Maximum rate
4.60%
for 36 months
Fixed Term Deposits
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
2.35%
Maximum rate
4.60%
for 36 months
Pros and Cons
For Fixed Term Deposits
Benefits
- Interest can be paid to other institution
- Only 7 days notice to withdraw funds before maturity
- Automatic maturity rollover
- Maturity alert by email and phone
Drawbacks
LCU Rate Term Deposit overview
For Fixed Term Deposits
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 Laboratories Credit Union Limited T/A LCU to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
TermRates on deposit of ($1,000 - $500,000)
3 months2.35%
6 months2.85%
1 year4.35%
2 years4.25%
3 years4.60%
