Educator+ Account and Term Deposit Benefits
Want to save for a new car? A beautiful wedding? Or just a rainy day?
Our range of savings offers for the South Australian education community can help you save towards any goal, big or small.
Term Deposit benefit for educators
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.
The education community can earn an additional 0.10% p.a. on the current advertised Term Deposit Rates. This can be applied to new Term Deposits or a maturing Term Deposit at request. To inform us of your educator status, please send us a Secure Mail or, Call us on 13 8777*.
*Members who are eligible for the educator term deposit benefit must advise staff of their educator status for the additional 0.10% p.a. interest to apply.
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 | 5.20% p.a. |
| 6 Month Term Deposit | 4.00% p.a. |
| 7 Month Term Deposit | 3.80% p.a. |
| 8 Month Term Deposit | 4.00% p.a. |
| 9 Month Term Deposit | 5.10% p.a. |
| 10 Month Term Deposit | 3.80% p.a. |
| 11 Month Term Deposit | 3.80% p.a. |
| 12 Month Term Deposit (1 Year) | 4.90% 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.
Not sure if you're eligible for our Knowledge Counts education banking benefits?
Knowledge Counts banking benefits are available to any current or retired employee of the South Australian education community, as well as students carrying out studies in education. If you work as an SSO, receptionist, contract teacher, TRT, student teacher, groundsman, TAFE lecturer, librarian, classroom teacher or University co-ordinator (just to name a few), you are eligible for our Knowledge Counts banking benefits.
Plus, your immediate family members (parents, children, grandparents, grandchildren, siblings and partners only) are eligible too.
Our Knowledge Counts banking benefits include exclusive products, cashbacks, rate reductions and fee waivers for members of the South Australian education community.
If you work within the education sector, or if you're studying education, you and your immediate family members1 are eligible for our Knowledge Counts banking benefits.
Open a Credit Union SA account
Apply nowApply online right now - it only takes a couple of minutes!
Contact us
Get in touchCall us on 13 8777 or visit us at 400 King William Street, Adelaide.
Enquire now about Knowledge Counts
For security reasons, current members of Credit Union SA are asked to submit all account enquiries through Internet Banking Secure Mail.
You will receive a call from our specialists between 8am – 8pm Monday to Friday and 8am – 2pm on Saturdays.
Frequently asked questions
View all Education FAQsWhen 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!
Knowledge Counts education banking benefits provide members of the South Australian education community and their eligible immediate family members with exclusive offers, discounts and products.
Knowledge Counts banking benefits are available to current or retired employees of the South Australian education community, students carrying out studies in education, and their eligible immediate family members (parents, children, grandparents, grandchildren, siblings and partners only).
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. Interest rates are subject to change and special offers may be withdrawn at any time.
Conditions, fees and lending criteria apply and are available upon request.
Special offers may be withdrawn at any time.
1
Knowledge Counts banking benefits are available to current or retired employees of the South Australian education community, students carrying out studies in education, and their eligible immediate family members (parents, children, grandparents, grandchildren, siblings and partners only).