In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Community First Fixed Term Deposit

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Community First Bank Term Deposit - $5,000+ Duplicate
Interest rate 24 months interest rate
Up to 5% p.a.
Minimum opening deposit
$5,000
Maximum deposit
$49,999
Maximum balance
$49,999

Summary

A term deposit from Community First lets you decide if you want to add your interest earnings to your monthly income, or save them up towards a big purchase.

Serving Australia’s Central Coast Region, Community First has been providing a sound banking alternative to their members for over 50 years. Their term deposit is structured to be flexible, with a number of interest payment options for you to choose from. With a fixed rate on your term, this can guarantee you an income augment each month, or allow you to make solid plans for a future purchase.

Pros

  • Internet, mobile and phone banking are available
  • Competitive interest rate for the whole term you chose

Cons

  • Minimum investment of $5,000

In this guide

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

Details

Key details

Product Name Community First Bank Term Deposit - $5,000+ Duplicate
3 month interest rate 4.20%
4 month interest rate 4.20%
6 month interest rate 4.25%
7 month interest rate 4.25%
9 month interest rate 4.25%
12 month interest rate 4.60%
24 month interest rate 5.00%
36 month interest rate 5.00%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

Minimum investment amount

With a term deposit from Community First you must deposit at least $5,000.

Monthly account keeping fees

You will pay no fees for maintaining this account.


How to apply

Eligibility

If you like the way in which the Fixed Term Deposit from Community First is structured, you can apply for the account over the phone or at one of their ten facilities in Sydney and the surrounding Central Coast region. You do need to become a member first, which can be done by applying online. Before starting, check to ensure that you are able to meet their eligibility requirements:

  • Minimum age. There are no age requirements set forth to become a member of Community First, and the Fixed Term Deposit is available to anyone who has already become a member.
  • Residency requirements. Account holders must be Australian residents with a residential address inside of the country.

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Alison Finder

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