Best rate (up to 1 year)
0.70% p.a.1 year
Minimum deposit
$5,000.00
Interest paid to another bank?
yes

Mozo editorial review CUA Term Deposit

Last updated: 1 October 2020.

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What's hot
  • Interest paid to another bank
  • 0.80% 2 year rate
What's not
  • 0.80% 5 year rate
Mozo snapshot

Looking to lock your funds away for a little while? The CUA term deposit might be just the place to do it. There are a bunch of term options from 1 month to 5 years, with interest rates up to 0.80%. Plus, there is the option for the interest you make to be paid into another bank account if you choose.


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Key features

CUA’s term deposit has a range of options when it comes to putting your savings away, whether it be for a short time or a long time. 

Rates start at 0.15% and go up to 0.80%, depending on which term you choose. 

Here’s a rundown of the 3 most competitive rates they have on offer: 

  • 0.70% 10 month term 

  • 0.70% 1 year term 

  • 0.80% 2 year term 

Depositors can stash anywhere between $5,000 and $1,000,000, and any interest they make on their savings can be paid into another bank account if they wish. 

There is also automatic rollover, so CUA will rollover your deposit at the same rate for the same period of time, unless you decide otherwise.

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Who is it good for

This term deposit could be a good option for someone looking to lock away their funds for a short period of time, but still want to receive a competitive rate.

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Any catches

Bear in mind that not all rates on this term deposit are competitive, as the 1 month term only offers a 0.15% rate, and the 5 year term has only a 0.80% rate attached to it. If you are looking to earn a better return on your savings over a longer term, you might want to consider other options.

Details

Rates and fees information correct as at 27 November 2020. 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
  • 0.15% p.a. ($5,000 to $1,000,000)

  • 0.20% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.55% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.70% p.a. ($5,000 to $1,000,000)

  • 0.60% p.a. ($5,000 to $1,000,000)

  • 0.70% p.a. ($5,000 to $1,000,000)

  • 0.70% p.a. ($5,000 to $1,000,000)

  • 0.80% p.a. ($5,000 to $1,000,000)

  • 0.80% p.a. ($5,000 to $1,000,000)

  • 0.80% p.a. ($5,000 to $1,000,000)

  • 0.80% p.a. ($5,000 to $1,000,000)

Other financial bits
  • $5,000.00

  • $1,000,000.00

Features
  • yes

  • yes

  • none

  • none

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

Customer Reviews

How are CUA term deposits rated by the Mozo community?

Overall
8.5/10
Price
8.1/10
Features
7.2/10
Customer service
8.7/10
Convenience
8.4/10
Trust
8.8/10

Latest reviews of CUA Term Deposit

  • Overall 5/10
    Poor customer service

    CUA have become rude and arrogant since they have expanded.

    Read full review

    CUA have become rude and arrogant since they have expanded.

    Price
    5/10
    Features
    5/10
    Customer service
    3/10
    Convenience
    6/10
    Trust
    7/10
    Less
    Andrew, Queensland reviewed almost 7 years ago
  • Overall 9/10
    Great credit union

    I like CUA because they are easy to deal with, are very competitive and give good customer service, limited fees.

    Read full review

    I like CUA because they are easy to deal with, are very competitive and give good customer service, limited fees.

    Price
    8/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lesley, Victoria reviewed almost 7 years ago
  • Overall 10/10
    Very easy, flexible

    Love the CUA, very easy, flexible.

    Read full review

    Love the CUA, very easy, flexible.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Sharon, New South Wales reviewed almost 7 years ago
  • Overall 8/10
    Staff go the extra mile to meet your needs

    Fantastic personal service, comparable and even better interest rates. Only problem is local branch now closed.

    Read full review

    Fantastic personal service, comparable and even better interest rates. Only problem is local branch now closed.

    Price
    8/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Brenda, Queensland reviewed about 7 years ago
  • Overall 10/10
    Easy to use facilities

    I prefer credit unions because they are there for the members, not shareholders & ceo's getting huge payouts. Their interest rates are extremely competitive.

    Read full review

    I prefer credit unions because they are there for the members, not shareholders & ceo's getting huge payouts. Their interest rates are extremely competitive.

    Price
    10/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Sue, Queensland reviewed over 7 years ago
CUA

About CUA

CUA is Australia's largest credit union and an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. CUA is committed to helping members through life's big changes, so if you want to make a change for the better, check out CUA's range of home loans, personal loans, credit cards, savings accounts and more.

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