Educator+ Account and Term Deposit Benefits
Want to save enough for a new car? New boat? Or just a rainy day?
Our range of savings offers for the South Australian education community can help you save towards any goal, big or small.
Term Deposit benefit
If you’re looking to lock your funds away and earn a fixed interest rate, a Term Deposit is a fantastic, high-security 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. The education community can earn an additional 0.10% p.a. on the current advertised Term Deposit Rates. This can be applied to new Term Deposits or a maturing Term Deposit at request. To inform us of your educator status, please send us a Secure Mail or, Call us on (08) 8202 7777*.
*Members who are eligible for the educator term deposit benefit must advise staff of their educator status for the additional 0.10% p.a. interest to apply.
Term Deposit interest rates
| Product Name | Interest Rate |
|---|---|
| 3 Month Term Deposit | 4.00% p.a. |
| 4 Month Term Deposit | 4.00% pa |
| 5 Month Term Deposit | 4.20% p.a. |
| 6 Month Term Deposit | 4.30% p.a. |
| 7 Month Term Deposit | 4.30% p.a. |
| 8 Month Term Deposit | 4.90% p.a. |
| 9 Month Term Deposit | 4.80% p.a. |
| 10 Month Term Deposit | 4.00% pa |
| 11 Month Term Deposit | 4.00% pa |
| 12 Month Term Deposit (1 Year) | 4.80% p.a. |
| 24 Month Term Deposit (2 Years) | 4.00% pa |
| 36 Month Term Deposit (3 Years) | 3.50% pa |
| 48 Month Term Deposit (4 Years) | 3.50% pa |
| 60 Month Term Deposit (5 Years) | 3.50% pa |
Minimum deposit amount of $1,000 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 account fortnightly, monthly, quarterly or yearly. Credit Union SA pays the same rate of interest regardless of the interest frequency.
Not sure if you're eligible for our Knowledge Counts education banking benefits?
Knowledge Counts banking benefits are available to any current or retired employee of the South Australian education community, as well as students carrying out studies in education. If you work as an SSO, receptionist, contract teacher, TRT, student teacher, groundsman, TAFE lecturer, librarian, classroom teacher or University co-ordinator (just to name a few), you are eligible for our Knowledge Counts banking benefits.
Plus, your immediate family members (parents, children, grandparents, grandchildren, siblings and partners only) are eligible too.
Our Knowledge Counts banking benefits include exclusive products, cashbacks, rate reductions and fee waivers for members of the education community.
If you work within the education sector, or if you're studying education, you and your immediate family are eligible for our Knowledge Counts banking benefits.
Open a Credit Union SA account in minutes
Apply nowIf this sounds like the account for you, you can apply online right now!
Contact us
Get in touchCall us on (08) 8202 7777 or visit us at 400 King William Street, Adelaide.
Frequently asked questions
View all Education FAQsWhen 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.
No, you are unable to add money to your Term Deposit before maturity.
You can start with 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 - it’s your choice.
For terms of 12 months or longer, you can have interest paid as regularly as fortnightly to your transaction account
Knowledge Counts education banking benefits provides members of the South Australian education community and their eligible immediate family members with exclusive offers, discounts and products.
Knowledge Counts banking benefits are available to current or retired employees of the South Australian education community, students carrying out studies in education, and their eligible immediate family members (parents, children, grandparents, grandchildren, siblings and partners only).
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.
Knowledge Counts banking benefits are available to current or retired employees of the South Australian education community, students carrying out studies in education, and their eligible immediate family members (parents, children, grandparents, grandchildren, siblings and partners only).
Conditions, fees and lending criteria apply and are available upon request.
Special offers may be withdrawn at any time.