In this guide

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

Illawarra Credit Union Term Deposit

  • Alison Banney's headshot

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 4.25%
4 month interest rate 4.25%
6 month interest rate 4.15%
7 month interest rate 4.15%
9 month interest rate 4.15%
12 month interest rate 4.10%
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 a term deposit at Illawarra Credit Union with balances of $1,000 and above.

Launch term deposit calculator


How to apply

How to apply

You can apply for Illawarra Credit Union's 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

Product Finder Score 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.
Finder Score
3 Mths p.a.
3.85%
4 Mths p.a.
3.85%
5 Mths p.a.
3.85%
6 Mths p.a.
4.15%
7 Mths p.a.
3.70%
11 Mths p.a.
3.70%
12 Mths p.a.
3.80%
24 Mths p.a.
3.40%
Lock in a rate as high as 4.15% for 6 months with a minimum $1,000 deposit.
Go to siteMore info
Compare product selection
Finder Score
3 Mths p.a.
4.25%
4 Mths p.a.
4.15%
5 Mths p.a.
4.55%
6 Mths p.a.
4.00%
7 Mths p.a.
4.30%
11 Mths p.a.
3.55%
12 Mths p.a.
4.00%
24 Mths p.a.
3.45%
Go to siteMore info
Compare product selection
Finder Score
3 Mths p.a.
3.80%
4 Mths p.a.
3.00%
5 Mths p.a.
4.00%
6 Mths p.a.
3.80%
7 Mths p.a.
3.70%
11 Mths p.a.
3.55%
12 Mths p.a.
3.80%
24 Mths p.a.
3.40%
Go to siteMore info
Compare product selection
Judo Bank logo
Finder Score
Judo Bank Term Deposit
Finder Award
$1,000 min. deposit
Finder Score
3 Mths p.a.
4.25%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.35%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
3.95%
You can get competitive interest rates on all term lengths. This term deposit has a low minimum deposit amount and is a 2025 Finder Award winner.
Go to siteMore info
Compare product selection
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full Finder Score methodology

Compare other products from Illawara Credit Union

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Alison Finder

Editorial Manager, Money

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