BCU Bank logo

BCU Bank Standard Term Deposit

Advertiser disclosure
Best rate (up to 1 year)
4.70% p.a.6 months ($1,000 to $999,999)
Minimum Deposit
$1,000.00
Interest paid to another bank?
Yes

Mozo editorial review BCU Bank Standard Term Deposit - last updated: 27 March 2024

binocular icon
What's hot
  • 4.70% p.a. interest rate (on balances between $1,000 and $99,999, 6 months at maturity)
  • Interest payable to another bank
What's not
  • Interest paid monthly at lower rate
Mozo snapshot

For anyone looking to safeguard their savings against dropping interest rates, the bcu Standard Term Deposit could be a good bet. It offers interest rates of between 1.35% p.a. and 4.70% p.a. on balances of $1,000 to $999,999.

key icon
Key features

You’ll have a lot of choices when it comes to the bcu Standard Term Deposit, with terms ranging from 1 month to 3 years. 

To give an example, if you lock away your savings for 6 months, you’ll be looking at an interest rate of 4.70% p.a. Interest is calculated daily and paid out at maturity, but there's also the option to have interest paid monthly at a slightly lower rate.

Remember, if you do choose the monthly option (or quarterly or six-monthly for longer terms), you'll need to have the interest paid into a bcu savings or loan account as you go. If you want to send your savings off to another bank once they've matured, that won't be a problem or come at a fee.

snapshot
Who is it good for

Since higher interest rates are garnered by terms which are 9 months or longer, the bcu Standard Term Deposit might be appreciated by people who are happy locking away a sum for a longer time, and don't anticipate a need to draw on it in emergencies.

question icon
Any catches

The account automatically rolls over at the end of the term, so if you’re not planning on renewing, be sure to let bcu know before it reaches the maturity date.

Details

Rates and fees information correct as at 29 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

1.35% p.a. ($1,000 to $999,999)

1.75% p.a. ($1,000 to $999,999)

4.40% p.a. ($1,000 to $999,999)

3.70% p.a. ($1,000 to $999,999)

3.40% p.a. ($1,000 to $999,999)

4.70% p.a. ($1,000 to $999,999)

4.00% p.a. ($1,000 to $999,999)

4.00% p.a. ($1,000 to $999,999)

4.40% p.a. ($1,000 to $999,999)

3.80% p.a. ($1,000 to $999,999)

3.80% p.a. ($1,000 to $999,999)

4.50% p.a. ($1,000 to $999,999)

4.40% p.a. ($1,000 to $999,999)

4.00% p.a. ($1,000 to $999,999)

Other financial bits

$1,000.00

$999,999.00

Features

Yes

Yes

none

none

Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

How are BCU Bank term deposits rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest review of BCU Bank Standard Term Deposit

About BCU Bank

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.10% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Compare other term deposits