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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Fact checked
BCU Term Deposit
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Interest rate 6 months interest rate
Up to 4.95% 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 4.30%
4 month interest rate 4.90%
6 month interest rate 4.95%
7 month interest rate 4.00%
9 month interest rate 4.00%
12 month interest rate 3.80%
24 month interest rate 3.80%
36 month interest rate 3.70%
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.
Go to siteMore info

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Standard Variable Rate p.a.
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  • Grow your balance by $200+ each month
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ING Savings Accelerator ($150,000 - $500,000)
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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4 months
Government Guarantee
Monthly Max Rate Conditions
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 Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
ING Savings Accelerator ($150,000 - $500,000)
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
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Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
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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
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 Get 6 months free delivery and $50 Menulog credit with a new Orange Everyday & Savings Maximiser account. New ING customers only. Use code INGMENU1 and activate accounts by 24 Nov 2024. T&Cs apply.
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
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First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
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Westpac Life (18-29 year olds only)
Westpac logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make a deposit
  • Grow your balance
  • 5 debit card purchases
  • Balances up to $30,000
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BCU Bonus Saver
BCU logo
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
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St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
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 Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Compare other products from BCU

Sources
  1. BCU Term Deposit information page
  2. BCU Term Deposit TMD

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Alison Finder

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Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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