Term Deposit
Credit Union SA offers competitive interest rates for term deposits with flexible payment options with terms from 3 months to 5 years. Apply online in Internet Banking.
Featured Term Deposit
9-month Term Deposit
4.40 % p.a.
$1,000
Minimum Deposit *
If you’re looking to lock your funds away and earn a fixed interest rate, a Term Deposit is a fantastic option.
Term Deposits allow you to lock away funds and earn a fixed interest rate for a set period, so you know exactly how much money you will earn.
You can start with investing as little as $1,000. Term Deposits with terms of 3 – 11 months automatically have interest paid at maturity. The interest may be paid to a savings account or reinvested.
For terms of 12 months or longer, you can have interest paid to your savings account as regularly as fortnightly, monthly, quarterly or annually - it’s your choice!
Easy to get started
by investing as little as $1,000.
Wide range of terms available,
from as little as three months and up to five years.
Know how much you'll earn
Your investment is government-guaranteed
for deposits up to $250,000.
Term Deposit interest rates
| Product Name | Interest Rate |
|---|---|
| 3 Month Term Deposit | 2.90% p.a. |
| 4 Month Term Deposit | 3.00% p.a. |
| 5 Month Term Deposit | 4.25% p.a. |
| 6 Month Term Deposit | 3.50% p.a. |
| 7 Month Term Deposit | 4.00% p.a. |
| 8 Month Term Deposit | 2.95% p.a. |
| 9 Month Term Deposit | 4.40% p.a. |
| 10 Month Term Deposit | 2.95% p.a. |
| 11 Month Term Deposit | 2.95% p.a. |
| 12 Month Term Deposit (1 Year) | 3.45% p.a. |
| 24 Month Term Deposit (2 Years) | 2.90% p.a. |
| 36 Month Term Deposit (3 Years) | 2.90% pa |
| 48 Month Term Deposit (4 Years) | 2.90% pa |
| 60 Month Term Deposit (5 Years) | 2.90% pa |
If you want to withdraw all or part of your term deposit prior to maturity, you’ll need to provide 7 days' notice*. You may incur a Term Deposit Early Withdrawal Interest Reduction.
Term Deposit fees
Fee
Amount
Term Deposit Early Withdrawal Interest Reduction
Calculated at the time of the withdrawal request
Open a Term Deposit with us now
If a Term Deposit seems right for you, apply online now.
Get in touch
You can contact us by calling us, visiting us, making an appointment or using Secure Mail.
Open a Term Deposit with us online through Internet Banking or our Mobile Banking App.
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
Open a Credit Union SA account in minutes!
You can join online and create a savings account at the same time (just make sure you have your mobile phone and ID handy). Once funds are deposited to your savings account, you can open a Term Deposit using Internet Banking or our Mobile Banking App.
Before you begin, you'll need to have one of the following IDs:
- Australian Driver's License
- Passport
Alternatively, you can call us on 13 8777 or visit us at 400 King William Street, Adelaide.
Frequently asked questions
View all Accounts FAQsThis can depend on what you want to use your account for. Looking for everyday banking? Compare our transaction accounts. Want to start your saving journey? View our savings accounts and term deposits.
Alternatively, call us 13 8777 during business hours or visit us at 400 King William Street, Adelaide.
Term Deposit interest rates change regularly.
Access the most up-to-date rates and use our calculator to work out the interest you’ll receive tailored to your individual investment circumstances.
Yes, you can. You will need to provide 7 days’ notice* to withdraw all or part of your Term Deposit prior to maturity. Please note that you may incur a Term Deposit Early Withdrawal Interest Reduction.
No, you are unable to add money to your Term Deposit before maturity.
You can start with investing as little as $1,000. 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.
For terms of 12 months or longer, you can have interest paid to your savings account as regularly as fortnightly, monthly, quarterly or annually - it’s your choice!
Why choose a credit union?
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.
About usHow we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, using Web Chat or Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
Our friendly staff at 400 King William Street, Adelaide can help you with all your banking needs.
Make an appointment
Book an appointment with one of our local Home Lending Specialists now.
Related products
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.
*7 days’ notice period applies when withdrawing part or all of your Term Deposit before it matures. The notification is required for all accounts opened and/or renewed on or after 1 January 2026. Withdrawing your funds before maturity will incur a Term Deposit Early Withdrawal Interest Reduction - see our Deposit Accounts Fees and Charges.