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The Mac Term Deposits

Macarthur Credit Union is a member owner and operated financial organisation committed to providing its shareholders with a personalised kind of banking. The credit union was original formed by a group of coal miners and truck drivers who worked for Cultha mines. The credit union began to service the needs of the local community of Macarthur and its name was changed accordingly to reflect its customer base. Macarthur Credit Union has since expanded its services to the 19,000 members throughout Camden, Campbelltown and Wollondilly areas and manages more than $163 million in assets. The credit union offers a range of financial products including car loans, personal loans and savings accounts.

The Mac term deposit interest calculator

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

Deposit Amount

Savings Duration

months

The Mac Term Deposits rates

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FAQs

The term deposit rate is the agreed interest rate for your term deposit. It remains fixed for the term of the deposit.

For example, if you deposit $5,000 for 12 months at a 2.5 per cent term deposit rate, that 2.5 per cent term deposit rate will be fixed for the entire 12 months and won’t change until the term matures.

The term deposit rate is one of the most important factors to consider when comparing your term deposit options. The general rule of thumb is that the longer the term, the higher the term deposit rate.

Term deposits are a popular type of investment because they’re safe and provide reliable returns.

The return you get on your term deposit will be determined by the amount you initially invest, the amount of time you choose to invest it for, and the term deposit rate.

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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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