Term Deposit
Looking for a bit more interest? Credit Union SA offers competitive interest rates for term deposits with flexible payment options. Terms from 3 months to 5 years.
Interest rate
5.00 % p.a.
Minimum Deposit *
$1,000
If you’re looking to lock your funds away and earn a fixed interest rate, a Term Deposit is a fantastic option.
Term Deposits allow you to lock away funds and earn a fixed interest rate for a set period, so you know exactly how much money you will earn.
You can start with investing as little as $1,000. Term Deposits with terms of three, six or nine months automatically have interest paid at maturity. The interest may be paid to a savings account or reinvested.
For terms of 12 months or longer, you can have interest paid to your savings account as regularly as fortnightly, monthly, quarterly or annually - it’s your choice!
Easy to get started
Invest as little as $1,000
Wide range of terms available
From as little as three months, up to five years
Know how much you'll earn with a fixed interest rate
Your investment is government-guaranteed
For deposits up to $250,000
Term Deposit interest rates
| Product Name | Interest Rate |
|---|---|
| 3 Month Term Deposit | 3.80% p.a. |
| 4 Month Term Deposit | 3.80% p.a. |
| 5 Month Term Deposit | 4.00% p.a. |
| 6 Month Term Deposit | 5.00% p.a. |
| 7 Month Term Deposit | 3.80% p.a. |
| 8 Month Term Deposit | 4.00% p.a. |
| 9 Month Term Deposit | 4.95% p.a. |
| 10 Month Term Deposit | 3.80% p.a. |
| 11 Month Term Deposit | 3.80% p.a. |
| 12 Month Term Deposit (1 Year) | 4.70% p.a. |
| 24 Month Term Deposit (2 Years) | 4.00% p.a. |
| 36 Month Term Deposit (3 Years) | 3.00% pa |
| 48 Month Term Deposit (4 Years) | 3.00% pa |
| 60 Month Term Deposit (5 Years) | 3.00% pa |
Minimum deposit amount of $1,000 required. Deposits with terms of three to eleven months automatically have interest paid at maturity. The interest may be paid to a savings account or reinvested. Deposits with terms of 12 months or more may have interest reinvested every 12 months, or paid to a savings account fortnightly, monthly, quarterly or yearly. Credit Union SA pays the same rate of interest regardless of the interest frequency.
Term Deposit fees
Fee
Amount
Term Deposit Early Withdrawal
Calculated at the time of the withdrawal request
Open a Term Deposit with us online through Internet Banking or our Mobile Banking App.
Existing members
Mobile Banking App
- Select Open new account from the drop-down menu, choose the term you want and follow the instructions.
Internet Banking
- Select Apply for from the top navigation menu, click Account, then choose the term you want and follow the instructions
Not a member?
You can join online and open a Term Deposit at the same time (just make sure you have your ID handy). Simply select Term Deposit Account when completing our online membership form and follow the prompts.
Alternatively, you can call us on 13 8777 or visit us at 400 King William Street, Adelaide.
FREQUENTLY ASKED QUESTIONS
View all Accounts FAQsTerm Deposit interest rates change regularly.
Access the most up-to-date rates and use our calculator to work out the interest you’ll receive tailored to your individual investment circumstances.
When you request to withdraw part or all of your Term Deposit funds prior to the contracted maturity date, an administration fee of $20 and an interest adjustment will apply.
No, you are unable to add money to your Term Deposit before maturity.
You can start with investing as little as $1,000. Term Deposits with terms of three, six or nine months automatically have interest paid at maturity. The interest may be paid to a savings account or reinvested.
For terms of 12 months or longer, you can have interest paid to your savings account as regularly as fortnightly, monthly, quarterly or annually - it’s your choice!
Calculators and tools
We’ve got you sorted with a number of handy calculators that will help you work out exactly what you’ll need to do to achieve your financial goals, whether that be borrowing money, making repayments, or creating a savings plan.
Flexible banking
Mobile Banking App
Available for both Apple and Android smart devices, the Credit Union SA Mobile Banking App allows you to utilise all the best functionality of our website and Internet Banking services – anytime and anywhere you have an internet connection.
Digital Wallet
Digital Wallets can be used to pay for purchases via a Credit Union SA Visa Debit Card or Visa Credit Card loaded into your smart device, wherever mobile payment systems are offered. Credit Union SA Digital Wallets include Apple Pay, Google Pay™, Samsung Pay and Garmin Pay™.
The credit union difference
At Credit Union SA, we offer all the same services as a bank but with one very important difference: our highest priorities are our members and our community.
RELATED PRODUCTS
How we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
400 King William Street, Adelaide has self-service options available to make your life easier.
Mobile Lending Managers
Our Mobile Lending Managers can help our members by phone or email, with video calls now available.
INFORMATION YOU SHOULD KNOW
This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation. Deposits are guaranteed subject to the Financial Claims Scheme terms and conditions. Interest rates are subject to change without notice.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.