People's Choice Credit Union Term Deposit

1.80% p.a.6 months

no

People's Choice Credit Union Term Deposit

1.80% p.a.6 months

no

Mozo Review   People's Choice Credit Union Term Deposit Review

Last updated: 5 September 2019.

What's hot:
  • 2019 Mozo Experts Choice Award winner

  • 1.80% p.a. for 6 month term

  • Terms ranging from 2 months to 5 years

  • No account fees

What's not:
  • Interest cannot be paid into another bank

  • Minimum opening deposit of $5,000

Mozo snapshot:

With a 1.80% p.a. fixed interest rate for a 6 month term, a range of flexible term options and no account fees, the 2019 Mozo Experts Choice Award winning Term Deposit account from People’s Choice Credit Union could be the very thing that gets you to your personal savings goals.

Key features:

The People’s Choice Credit Union Term Deposit hits the ground running with term options ranging from as little as 2 months, right up to 5 years. With a fixed rate of 1.25% p.a. for a 2-month term, up to a fixed rate of 1.80% p.a. for a 6-month term.

For terms shorter than 1 year, interest is paid after the account reaches maturity, however, for terms longer than 1 year, interest is paid either yearly, half-yearly, quarterly, monthly, or every 28 days. If you decide to keep your account after it matures, you can choose to have your account roll over automatically. Just make sure to double-check that your new deal is still competitive before rolling it over.

Plus, you’ll find keeping track of your term deposit account to be a total breeze with the help of the People’s Choice mobile app or via Internet Banking.

Who it's good for:

If you’re lacking in the self-control department and find yourself dipping into your savings despite good intentions, then perhaps locking your money in a People’s Choice Credit Union Term Deposit is the answer to your saving blunders.

To open a People’s Choice Credit Union Term Deposit, you must be at least 13-years old, making this a great first term deposit account for teens with a part-time job who want to start saving for the future.

Any catches?

As with most term deposits, if you need to access your funds before your account reaches maturity, you’ll need to give at least 31 days notice, and you might be faced with an Early Redemption fee. You’ll also be asked to resign your People’s Choice Credit Union membership.

Details

Rates and fees information correct as at 18 September 2019. 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
  • 1.25% p.a. ($5,000 to $999,999)

  • 1.55% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.80% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.60% p.a. ($5,000 to $999,999)

  • 1.70% p.a. ($5,000 to $999,999)

  • 1.65% p.a. ($5,000 to $999,999)

  • 1.65% p.a. ($5,000 to $999,999)

  • 1.65% p.a. ($5,000 to $999,999)

  • 1.65% p.a. ($5,000 to $999,999)

Other financial bits
  • $5,000.00

  • $999,999.00

Features
  • direct credit

  • no

  • yes

  • none

  • none

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

Customer Reviews

How are People's Choice Credit Union term deposits rated by the Mozo community?

Overall customer rating
8.5/10
Price
8.1/10
Features
7.6/10
Customer service
8.4/10
Convenience
8.4/10
Trust
8.5/10

Latest reviews of People's Choice Credit Union Term Deposit

  • Overall
    9/10
    Trustworthy

    Trustworthy, competitive rates, great service.

    Trustworthy, competitive rates, great service.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Name not supplied | South Australia

    reviewed almost 6 years ago

  • Overall
    10/10
    They have better interest rates from Treasury

    When the interest rates fall, they contact the Treasury to try and get a higher interest rate on...

    When the interest rates fall, they contact the Treasury to try and get a higher interest rate on your term deposits.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Name not supplied | South Australia

    reviewed about 6 years ago

  • Overall
    10/10
    Great customer service

    It's an easy account to have - just make sure you deposit at least $50 per month and watch it grow.

    It's an easy account to have - just make sure you deposit at least $50 per month and watch it grow.

    Price
    8/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    9/10

    Adriana | South Australia

    reviewed about 6 years ago

  • Overall
    7/10
    Excellent customer service

    The only dislike is that they have to be guided by the Treasury to lower rates each time the...

    The only dislike is that they have to be guided by the Treasury to lower rates each time the Reserve Bank cuts their rates.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Lynn | South Australia

    reviewed over 6 years ago

People's Choice Credit Union

About People's Choice Credit Union

People's Choice Credit Union is a member owned financial institution offering its members a wide range of competitive banking, insurance and investment products and services. Formed through the merger of Savings & Loans and Australian Central, Peoples Choice Credit Union has more than 350,000 members Australia wide. At Peoples Choice Credit Union, its customers are its owners so everything they do is designed to benefit their members.

See People's Choice Credit Union term deposits

Promoted

Judo Bank

Judo Bank

Term Deposit

2.40% p.a.

$1,000.00

Promoted

Citi

Citi

Term Deposit

$250,000.00

Promoted

ANZ

ANZ

Advance Notice Term Deposit

1.60% p.a.

$5,000.00

Promoted

UBank

UBank

Green Term Deposit

$1,000.00

Promoted

ANZ

ANZ

Term Deposit

1.05% p.a.

$5,000.00

Promoted

UBank

UBank

Term Deposit

1.70% p.a.

$1,000.00