based on 430 BankVic banking product reviews as rated by Mozo community

BankVic term deposits

BankVic, formerly the Police Credit Union VIC, is a mutual bank wholly owned by its members. BankVic offers financial services for people working in police, health, emergency and public services along with their family and friends. Personal banking products available at BankVic include credit cards, home loans, bank accounts, savings accounts and its 2021 Mozo Experts Choice Award winning Term Deposit.

BankVic offers the following term deposits

Rates and fees verified as correct at 20 September, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Term Deposit

0.45% p.a.3 months

$5,000.00

yes

How are BankVic term deposits rated?

Mozo users have rated BankVic term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
BankVic term deposits
Overall
Price
Features
Customer service
Convenience
Trust

9 Reviews

Recent BankVic term deposit reviews

BankVic Term Deposit
Overall 1/10
Pathetic on-line service.

I made two attempts to open a term deposit on-line with this lot. First attempt was slow as the flotilla of intrusive questions had me searching for various documents. I was logged out on the 7th page of the questions with the software claiming that there "...was no activity for an extended period...". None of my input was saved! I gritted my teeth and restarted and I was really quick this time. On the 7th page the moronic software again claimed that there was "...no activity for an extended period...", and logged me off. This was absolute nonsense. Never again. I logged on to Judo Bank and invested my money there without a problem in just a few minutes.

Read full review

I made two attempts to open a term deposit on-line with this lot. First attempt was slow as the flotilla of intrusive questions had me searching for various documents. I was logged out on the 7th page of the questions with the software claiming that there "...was no activity for an extended period...". None of my input was saved! I gritted my teeth and restarted and I was really quick this time. On the 7th page the moronic software again claimed that there was "...no activity for an extended period...", and logged me off. This was absolute nonsense. Never again. I logged on to Judo Bank and invested my money there without a problem in just a few minutes.

Price
7/10
Customer service
1/10
Convenience
1/10
Less
Vic, Victoria, reviewed 7 months ago
BankVic Term Deposit
Overall 10/10
The perfect product for me

Great interest rate with no fixed term.

Read full review

Great interest rate with no fixed term.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Ken, Victoria, reviewed almost 6 years ago
BankVic Term Deposit
Overall 7/10
Ok

Ok

Price
7/10
Features
6/10
Customer service
6/10
Convenience
6/10
Trust
6/10
Less
Meme, , reviewed over 6 years ago
BankVic Term Deposit
Overall 7/10
Good service all the time

I would like the banks pay more interest on tem deposits as they make at least 10 times more .If we didn't put our money in term deposits they probably lose huge amount of profit.

Read full review

I would like the banks pay more interest on tem deposits as they make at least 10 times more .If we didn't put our money in term deposits they probably lose huge amount of profit.

Price
2/10
Features
5/10
Customer service
8/10
Convenience
8/10
Trust
10/10
Less
Rick, Victoria, reviewed over 6 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Term deposit quick links