In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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BCU 55+ Term Deposits
Interest rate 6 months interest rate
Up to 4.7% p.a.
Minimum opening deposit
Account keeping fee
Maximum deposit


Seniors can create a new income stream by investing their money in a flexible savings plan.

The BCU 55+ Term Deposit account is designed to help seniors save their money and create a second source of income from interest earnings. This is a term account with a competitive interest rate and a variety of term lengths. Interest on the term deposit is paid in either fortnightly or monthly instalments. BCU is an Australian credit union serving the general public and provides protection for investment deposits through the Financial Claims Scheme.


  • No setup or account keeping fees
  • Investment terms from 1 to 36 months
  • Capital guaranteed up to $250,000


  • Need to deposit at least $5,000 to earn interest

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question


Key details

Product Name BCU 55+ Term Deposits
3 month interest rate 4.40%
6 month interest rate 4.70%
12 month interest rate 4.50%
24 month interest rate 4.40%
36 month interest rate 4.00%
Minimum Opening Deposit $5,000
Minimum age requirement 55
Government guarantee Yes


Minimum Age Requirement 55
Joint account availability No
Min Deposit $5,000
Available to children Not available for children

Key features

Available to individuals 55 years or older

This account is only available to individual BCU members aged 55 or older.

Minimum investment amount

You must have at least $5,000 invested in the account but not more than $2 million.

How to apply

Unfortunately new applicants for the BCU 55 Plus Investment account are not being accepted. You can however apply for other products like the Retirement Savings Account after becoming a BCU member.


Applying can be done online by visiting the BCU website and choosing which membership package you are interested in. There are no regional or employment requirements for eligibility but there are other factors you will need to meet.

  • Minimum age. You are able to join BCU online only if you are at least 16 years of age.
  • Residency requirements. You must currently live in Australia and have an Australian residential address. If you reside elsewhere you will need to call BCU to determine if you are still eligible to join.

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