Term Deposits
Lock in a great rate with our term deposits from 3-24 months.Why Us?
A Bank That Truly Belongs to You
Our member-owned bank is owned by its members, meaning every decision we make is guided in the best interests of those who join us. Unlike traditional banks, we don’t answer to shareholders seeking profits. Our priority is, and always will be, serving our members.Personalised Service for Every Member
We pride ourselves on offering personalised service that larger institutions simply cannot match. Our size allows us to focus on understanding each member’s unique circumstances and our team is always ready to help.Competitive Rates and Member Benefits
We offer competitive rates on loans, savings, and other financial services. Our focus isn’t on maximising profits but on providing maximum benefits to our members. You’ll enjoy fair pricing, tailored products, and exclusive perks designed with you in mind.Standard and regular income term deposits
Term Deposit Early Withdrawal
Partial redemption: A partial redemption of a new or renewed term deposit is only available within the first seven days of the term deposit. Any term deposits redeemed after this period will be treated as a full redemption.
Full redemption: No fees apply for early withdrawal; however, an interest rate
reduction applies on the term deposit with interest paid at the reduced rate from the
date of deposit to the day prior to withdrawal. The adjusted rate will be the S4
account interest rate in effect at the time.
Terms & Conditions: The minimum deposit amount is $1,000. The minimum term is 3 months, the maximum term is 24 months. Interest rates are fixed for the term of the investment and interest is paid on maturity, or every 12 months for 24-month term deposits. This offer may be withdrawn at any time. Additional deposits will be treated as separate deposits and not added to existing deposits unless an existing deposit has matured on the day or within the previous seven (7) days of the new deposit being received. Deposited funds can be withdrawn on maturity or reinvested. Interest credited to your account may need to be declared in your annual personal tax return. You are not obliged to disclose your Tax File Number (TFN) to us. However, it you do not we are obliged to deduct tax from any interest you earn at the highest marginal rate. Access facilities (such as cheque book, EFTPOS, ATM, Visa card,, Internet Banking, Telephone Banking, Direct Debits, Direct Credits and BPAY) cannot be linked to a Term Deposit account.