Whether you’re looking to lock away your funds for a short time or a long time, the Transport Mutual Credit Union Term Deposit could help you meet your savings goals. Rates range from 0.70% to 1.00% on 3 month to 2 year terms.
With the Transport Mutual Credit Union Term Deposit, terms start from three months and reach up to two years, with the highest rate currently on offer 1.00% p.a. for a 1-year term.
There's also a relatively low minimum deposit of just $1,000, and no maximum, meaning it can be accessed by a whole range of savers.
With a low deposit requirement and a range of rates to choose from, the Transport Mutual Credit Union Term Deposit could be a great pick for savers with a smaller deposit who want to lock away their funds temporarily.
Like any term deposit, withdrawing before the maturity date is generally not encouraged. And with the Transport Mutual Credit Union Term Deposit, keep in mind that you won’t earn any interest on the funds you withdraw early.
This product is not currently reviewed.