In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Australian Unity Term Deposit

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Australian Unity Term Deposit
Interest rate 6 months interest rate
Up to 5% p.a.
Minimum opening deposit
$5,000
Maximum balance
$50,000,000

Summary

Lock in a fixed rate on a range of term lengths between 1 month and 5 years for deposits $5000 or more.

The Australian Unity Term Deposit offers you a wide choice of term lengths for your investment, with a fixed rate of return on your money. You can open an account with $5000 or more.

Pros

  • Large range of term lengths available
  • No fees

Cons

  • Must have $5000 or more to open an account

In this guide

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

Details

Key details

Product Name Australian Unity Term Deposit
3 month interest rate 4.75%
4 month interest rate 1.15%
6 month interest rate 5.00%
7 month interest rate 1.50%
9 month interest rate 5.00%
12 month interest rate 4.80%
24 month interest rate 4.20%
36 month interest rate 4.00%
48 month interest rate 3.00%
60 month interest rate 3.05%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

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

Key features

Terms from 1 month to 5 years

You can select how long you’d like to lock your funds away, from as little as 1 month to as long as 5 years at a time.

Fixed interest rate

You’ll earn a fixed interest rate on the term of your choice for the life of the term. This means the rate won’t change until your term comes to an end, making it easy to plan your exact return on investment.

Invest between $5000 and $5 million

You need a balance of at least $5000 to open an Australian Unity Term Deposit account, and you can invest up to $5 million.


How to apply

If you've compared your options and have decided an Australian Unity Term Deposit is right for you, you can easily apply online in a matter of minutes.

First, you need to open an Australian Unity Transaction Account. Once you’ve opened this account, you can log into your Internet banking portal and open a new term deposit account by transferring money from your transaction account.

Make you meet the following eligibility criteria, and make sure you have the necessary documents handy.

Eligibility

  • You're over 18 years of age
  • You're a permanent Australian resident
  • You're investing at least $5,000

Your reviews

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Ask a question

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Whelan

August 15, 2023

Do you accommodate joint term deposits and is the Guarantee for $500K being $250K each?


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Alison Banney Finder

September 21, 2023

Hi, you’ve reached Finder. Australian Unity does allow you to open a joint term deposit, and yes the government guarantee is per person (so $250k each).


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Gary

August 15, 2023

This is my second request.

Can the fixed term deposit be paid monthly on a 5.25% 12 month deposit.

Gary


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Alison Banney Finder

August 23, 2023

Hi Gary, as noted in the information on this page for terms of 12 months or less interest will be paid at maturity. And the current 12 month fixed rate this bank offers is 5.00% p.a. (not 5.25% p.a.).


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greg

August 14, 2023

is the interest paid monthly


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Alison Banney Finder

August 14, 2023

Hi, for terms over 12 months you can choose to receive interest monthly, quarterly, annually or at maturity.


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