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.
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.
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.
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.
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)
$5,000.00
$1,000,000.00
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yes
none
none
Different interest rates apply to different amounts or different interest payment frequencies.
CUA have become rude and arrogant since they have expanded.
Read full reviewCUA have become rude and arrogant since they have expanded.
I like CUA because they are easy to deal with, are very competitive and give good customer service, limited fees.
Read full reviewI like CUA because they are easy to deal with, are very competitive and give good customer service, limited fees.
Love the CUA, very easy, flexible.
Read full reviewLove the CUA, very easy, flexible.
Fantastic personal service, comparable and even better interest rates. Only problem is local branch now closed.
Read full reviewFantastic personal service, comparable and even better interest rates. Only problem is local branch now closed.
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 reviewI prefer credit unions because they are there for the members, not shareholders & ceo's getting huge payouts. Their interest rates are extremely competitive.
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.
