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Southern Cross Credit Union Term Deposit

Advertiser disclosure
The details shown below are for the Term Deposit
The details shown below are for the Business Term Deposit

Choose the version of this product that suits you best

Name
Term Deposit
Business Term Deposit
  • Term Deposit
  • Business Term Deposit
Best rate (up to 1 year)
5.10% p.a.11 months ($5,000 to $99,999)
Minimum Deposit
$5,000.00
Interest paid to another bank?
yes
Best rate (up to 1 year)
5.10% p.a.11 months ($5,000 to $99,999)
Minimum Deposit
$5,000.00
Interest paid to another bank?
yes

Mozo editorial review Southern Cross Credit Union Term Deposit - last updated: 9 July 2024

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What's hot
  • 5.00% p.a. for 4-months (for balances between $5,000 - $99,999)
  • 5.10%p.a. p.a. 11-month rate (for balances starting from $5,000 - $100,000+)
What's not
  • Minimum $5,000 deposit
  • 31 days notice and a $30 admin fee required if you withdraw early
Mozo snapshot

Southern Cross Credit Union's (SCCU) term deposit product offers two tiers of competitive locked-in interest rates on balances from $5,000 to $99,999, or balances above $100,000. Currently, customers (of either loan tier) who opt-in for a 11-month term deposit could score a competitive 5.10% p.a. interest rate.

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Key features

Like other term deposit accounts on the market, SCCU offers a set interest rate for a set period of time. There is a minimum balance of $5,000 required to open a term deposit with SCCU, which isn't the highest requirement on the market, but it may be a hurdle for some. SCCU has two tiers of term deposits, which customers will fit into based on the size of their balance. 

Currently the highest interest rate available to customers with balances from $5,000 to $100,000+ is 5.10% p.a. for a 11-month term deposit. 


snapshot
Who is it good for

The Southern Cross Credit Union term deposit is good for those with balances of at least $5,000 looking to lock-in one of the higher interest rates on the market at the moment. 

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Any catches

If you want to withdraw your term deposit before it matures, then you'll need to provide 31 days notice and pay a $30 administration fee to release your funds. 

Details

Rates and fees information correct as at 16 July 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

1.20% p.a. ($5,000 to $99,999)

1.25% p.a. ($100,000+)

1.20% p.a. ($5,000 to $99,999)

1.25% p.a. ($100,000+)

3.85% p.a. ($5,000 to $99,999)

3.90% p.a. ($100,000+)

5.00% p.a. ($5,000 to $99,999)

5.00% p.a. ($100,000+)

4.45% p.a. ($5,000 to $99,999)

4.50% p.a. ($100,000+)

4.45% p.a. ($5,000 to $99,999)

4.50% p.a. ($100,000+)

4.45% p.a. ($5,000 to $99,999)

4.50% p.a. ($100,000+)

3.75% p.a. ($5,000 to $99,999)

3.80% p.a. ($100,000+)

4.55% p.a. ($5,000 to $99,999)

4.60% p.a. ($100,000+)

3.75% p.a. ($5,000 to $99,999)

3.80% p.a. ($100,000+)

5.10% p.a. ($5,000 to $99,999)

5.10% p.a. ($100,000+)

4.80% p.a. ($5,000 to $99,999)

4.85% p.a. ($100,000+)

3.75% p.a. ($5,000 to $99,999)

3.80% p.a. ($100,000+)

4.00% p.a. ($5,000 to $99,999)

4.05% p.a. ($100,000+)

Other financial bits

$5,000.00

none

Features

yes

yes

Automatic rollover occurs after a 7 day period at the end of the term. 31 days notice if you choose to withdraw before the end of its term. $30 administration fees applies for early redemption.

none

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

Details

Rates and fees information correct as at 16 July 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

1.20% p.a. ($5,000 to $99,999)

1.25% p.a. ($100,000+)

1.20% p.a. ($5,000 to $99,999)

1.25% p.a. ($100,000+)

3.85% p.a. ($5,000 to $99,999)

3.90% p.a. ($100,000+)

5.00% p.a. ($5,000 to $99,999)

5.00% p.a. ($100,000+)

4.45% p.a. ($5,000 to $99,999)

4.50% p.a. ($100,000+)

4.45% p.a. ($5,000 to $99,999)

4.50% p.a. ($100,000+)

4.45% p.a. ($5,000 to $99,999)

4.50% p.a. ($100,000+)

3.75% p.a. ($5,000 to $99,999)

3.80% p.a. ($100,000+)

4.55% p.a. ($5,000 to $99,999)

4.60% p.a. ($100,000+)

3.75% p.a. ($5,000 to $99,999)

3.80% p.a. ($100,000+)

5.10% p.a. ($5,000 to $99,999)

5.10% p.a. ($100,000+)

4.80% p.a. ($5,000 to $99,999)

4.85% p.a. ($100,000+)

3.75% p.a. ($5,000 to $99,999)

3.80% p.a. ($100,000+)

4.00% p.a. ($5,000 to $99,999)

4.05% p.a. ($100,000+)

Other financial bits

$5,000.00

none

Features

yes

yes

Automatic rollover occurs after a 7 day period at the end of the term. 31 days notice if you choose to withdraw before the end of its term. $30 administration fees applies for early redemption.

none

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

Customer Reviews

How are Southern Cross Credit Union term deposits rated by the Mozo community?

Overall
7.9/10
Price
4.3/10
Features
3.7/10
Customer service
7.7/10
Convenience
9.3/10
Trust
8.0/10
Based on 3 Southern Cross Credit Union term deposit reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About Southern Cross Credit Union

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Yes up to $250,000

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5.25% p.a.

$1,000.00

Yes up to $250,000

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5.10% p.a.

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Yes up to $250,000

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Judo Bank

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Yes up to $250,000

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Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

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Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

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5.10% p.a.

$10,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

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5.25% p.a.

$1,000.00

Yes up to $250,000

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MyState Bank

Term Deposit

5.00% p.a.

$5,000.00

Yes up to $250,000

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Judo Bank

Term Deposit for SMSF

5.25% p.a.

$1,000.00

Yes up to $250,000

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Term Deposit

5.10% p.a.

$10,000.00

Yes up to $250,000

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