Competitive interest with flexible payment.

If you're looking to earn a bit more interest than that offered by our savings accounts and you’re happy to leave your money untouched for a longer period, a Term Deposit is a fantastic, high-security option.

It offers a high, fixed rate of interest, calculated daily and paid at maturity for terms up to 12 months. While for terms of one to five years, interest can be paid fortnightly, monthly, quarterly or annually – it’s your choice.

Easy to get started

Invest as little as $5,000

Fixed interest rate

You know how much you'll earn. Learn more

Your investment is government-guaranteed

For deposits up to $250,000

Wide range of terms

As little as three months and up to five years

Term Deposit interest rates

Product NameInterest Rate
3 Month Term Deposit0.20% pa
4 Month Term Deposit0.20% pa
5 Month Term Deposit0.85% pa
6 Month Term Deposit0.25% pa
7 Month Term Deposit0.50% pa
8 Month Term Deposit0.95% pa
9 Month Term Deposit0.65% pa
10 Month Term Deposit0.30% pa
11 Month Term Deposit0.30% pa
1 Year Term Deposit1.00% pa
2 Year Term Deposit1.50% pa
3 Year Term Deposit1.00% pa
4 Year Term Deposit1.05% pa
5 Year Term Deposit1.10% pa

Minimum deposit amount of $5,000 required. Deposits with terms of three to eleven months automatically have interest paid at maturity. The interest may be paid to a savings account or reinvested. Deposits with terms of 12 months or more may have interest reinvested every 12 months, or paid to a savings accounts fortnightly, monthly, quarterly or yearly. Credit Union SA pays the same rate of interest regardless of the interest frequency.

Term Deposit fees

Fee

Amount

Term Deposit Early Withdrawal

When you request to withdraw part or all of your term deposit funds prior to the contracted maturity date, an administration fee of $20 and an interest adjustment will apply - the interest rate applicable to amounts withdrawn early will be adjusted to reflect the proportion of contracted term elapsed.

Calculated at the time of the withdrawal request

Open a Term Deposit with us online

Open a Term Deposit using your Mobile Banking App or Internet Banking.

Existing members

Mobile Banking App

  • Select Open new account from the drop-down menu, choose the term you want and follow the instructions.

Internet Banking

  • Select Apply for from the top navigation menu, click Account, then choose the term you want and follow the instructions

Not a member?

You can join online and open a Term Deposit at the same time (just make sure you have your ID handy). Simply select Term Deposit Account when completing our online membership form and follow the prompts.

Alternatively, you can call us on (08) 8202 7777 or visit us at 400 King William Street, Adelaide.

Calculators

We’ve got you sorted with a number of handy calculators that will help you work out exactly what you’ll need to do to achieve your financial goals, whether that be borrowing money, making repayments, or creating a savings plan.

Learn more

Flexible banking

Mobile Banking App

Available for both Apple and Android smart devices, the Credit Union SA Mobile Banking App allows you to utilise all the best functionality of our website and Internet Banking services – anytime and anywhere you have an internet connection.

Learn more

Digital Wallet

Digital wallets can be used to pay for purchases via a Credit Union SA Visa Debit Card or Visa Credit Card loaded into your smart device, wherever mobile payment systems are offered.

Learn more

The credit union difference

At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.

Learn more

FREQUENTLY ASKED QUESTIONS
View all Accounts FAQs

This can depend on what you want to use your account for. View a list of all of our accounts, and their benefits.

Alternatively call (08) 8202 7777 during business hours or visit us at 400 King William Street, Adelaide.

Our savings accounts are designed to encourage and reward members for maintaining a regular savings program.

None of our savings accounts have transaction fees or monthly fees. Other fees and charges may apply.


Terms and conditions and interest rate information for accounts no longer on offer is available. For more information about any of these products, you should review our Regulatory disclosures

Term Deposit interest rates regularly change. Access the most up-to-date rates and you can use our calculator to work out the interest you’ll receive tailored to your individual investment circumstances.

When you request to withdraw part or all of your Term Deposit funds prior to the contracted maturity date, an administration fee of $20 and an interest adjustment will apply.

Find out more

No, you are unable to add money to your Term Deposit before maturity.

You can start with as little as $5,000. Term Deposits with terms of three, six or nine months automatically have interest paid at maturity. The interest may be paid to a savings account or reinvested - it’s your choice.

For terms of 12 months or longer, you can have interest paid as regularly as fortnightly to your transaction account

INFORMATION YOU SHOULD KNOW

This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation. Deposits are guaranteed subject to the Financial Claims Scheme terms and conditions. Interest rates are subject to change without notice.

The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination