In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other term deposit accounts
  • Your reviews
  • Ask a question
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Illawarra Credit Union Term Deposit

  • Alison Banney's headshot
Illawarra Credit Union Term Deposit
Interest rate 6 months interest rate
Up to 5.00% p.a.
Minimum opening deposit
$1,000

Summary

Earn a fixed interest rate on a choice of terms between 1 and 12 months, for balances between $1000 and $2 million.

The Illawarra Credit Union term deposit offers a fixed rate of return for a period of your choice, with no account fees to pay and interest paid at maturity. You can choose a term length that suits you between 1 and 12 months, and invest with as little as $1000.

Pros

  • Small opening balance requirement of $1000

Cons

  • Limited term lengths available

In this guide

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

Details

Key details

Product Name Illawarra Credit Union Term Deposit
3 month interest rate 4.20%
4 month interest rate 4.30%
6 month interest rate 5.00%
7 month interest rate 4.50%
9 month interest rate 4.50%
12 month interest rate 4.90%
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

Choice of term lengths

You have a choice of term lengths between 1 and 12 months when applying online. You can speak to the credit union directly if you'd like a longer term.

Your interest rate is fixed during the life of your term. As you can see in the table above, you'll get a higher rate for longer term lengths.

Deposits above $1000

You can open an Illawarra Credit Union term deposit with balances of $1,000 and above.

Launch term deposit calculator


How to apply

How to apply

You can apply for an Illawarra Credit Union term deposit online.

  • Minimum age. You must be 18 or older to apply online.
  • Residency requirements. Account holders must be an Australian citizen, permanent resident, or have a valid visa.

Compare other term deposit accounts

1 - 7 of 173
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Newcastle Permanent Term Deposit
Newcastle Permanent logo
$1,000 min. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
4.00%
5 Mths p.a.
4.00%
6 Mths p.a.
4.90%
7 Mths p.a.
3.80%
11 Mths p.a.
-
12 Mths p.a.
4.75%
24 Mths p.a.
4.00%
Go to siteMore Info
Lock in a rate as high as 4.9% for 6 months with a minimum $1,000 deposit.
Judo Bank Term Deposit
Judo Bank logo
$1,000 min. deposit
3 Mths p.a.
4.95%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.10%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.90%
24 Mths p.a.
4.55%
Go to siteMore Info
You can get competitive interest rates on all term lengths. This term deposit has a low minimum deposit amount and is a 2024 Finder Award winner.
Newcastle Permanent Term Deposit
Newcastle Permanent logo
$1,000 min. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
4.00%
5 Mths p.a.
4.00%
6 Mths p.a.
4.75%
7 Mths p.a.
3.80%
11 Mths p.a.
-
12 Mths p.a.
4.55%
24 Mths p.a.
4.00%
Go to siteMore Info
Judo Bank Term Deposit
Judo Bank logo
Finder Award$1,000 min. deposit
3 Mths p.a.
4.95%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.10%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.90%
24 Mths p.a.
4.55%
Go to siteMore Info
ING Term Deposit
ING logo
$10,000 min. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
4.85%
5 Mths p.a.
-
6 Mths p.a.
4.95%
7 Mths p.a.
4.65%
11 Mths p.a.
-
12 Mths p.a.
4.95%
24 Mths p.a.
4.40%
Go to siteMore Info
Bankwest Term Deposit
Bankwest logo
$1,000 min. deposit$10,000,000 max. deposit
3 Mths p.a.
3.75%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.25%
7 Mths p.a.
4.00%
11 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
3.90%
Go to siteMore Info
BCU Term Deposit
BCU logo
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.60%
4 Mths p.a.
4.50%
5 Mths p.a.
4.85%
6 Mths p.a.
4.70%
7 Mths p.a.
4.00%
11 Mths p.a.
-
12 Mths p.a.
4.50%
24 Mths p.a.
4.00%
Go to siteMore Info
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