In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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BCU Term Deposit

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BCU Term Deposit
Interest rate 4 months interest rate
Up to 5% p.a.
Minimum opening deposit
$1,000
Account keeping fee
$0
Maximum deposit
$999,999

Summary

Invest your money for a length of time that suits you, from just one month to three years, and benefit from a fixed interest rate.

Pros

  • Deposit as little as $1,000
  • Terms from one month to three years
  • No setup or account keeping fees
  • Fixed rate of interest
  • Flexible repayment and reinvestment solutions

Cons

  • Interest rates are less competitive than some savings accounts
  • You can't access your money for the duration of the term

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name BCU Term Deposit
3 month interest rate 4.60%
4 month interest rate 5.00%
6 month interest rate 4.70%
7 month interest rate 4.00%
9 month interest rate 4.40%
12 month interest rate 4.50%
24 month interest rate 4.40%
36 month interest rate 4.00%
Minimum Opening Deposit $1,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability No
Min Deposit $1,000
Available to children Not available for children

Key features

Available to non-BCU customers

The BCU Term Deposit is available to customers and non-customers.

$0 account keeping fees

You're charged zero account keeping fees, and there's no charges to set up the account.


How to apply

You don't need to be an BCU customer to be eligible for this product. Interested individuals and businesses can apply online.

Eligibility

Here's some other information you'll need when applying for BCU Investment.

  • Minimum age. You have to be a minimum of 18 years old to apply for this product.
  • Residency requirements. You must be an Australian resident with a valid residential address. BCU might still be able to assist you if you don't live in Australia.

Compare other savings accounts

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Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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4 months
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Monthly Max Rate Conditions
  • Balances up to $250,000
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Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
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Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
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Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
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ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
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Macquarie Savings Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
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ING Savings Maximiser
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
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Eligible customers can receive $50 cashback when they open an Orange Everyday and a Savings Maximiser account together before 31st July 2024. Customers must make 5 settled transactions and keep the accounts active for 60 days from opening.
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
  • Balances up to $100,000
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First Option Bank Savings+Bonus Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
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IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
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BCU Bonus Saver
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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