Guaranteed returns
Know exactly how much interest you’ll earn with a fixed interest rate.
Flexible terms
Pick a term that suits you – from as little as one month, up to three years.
No monthly fees
Which means every dollar in your term deposit will help your savings grow.
Peace of mind
Total deposits up to $250k are protected by the Financial Claims Scheme.
Choose from our range of term deposits
Standard Term Deposit
Interest paid at maturity or annually for terms between 1 month and 3 years.
Up to
5 months, interest paid at maturity
- Minimum amount of $1,000
- Maximum amount of up to $1 million
- Interest paid at maturity or annually
- Interest paid regularly
Regular Income Term Deposit
Interest paid monthly, quarterly or bi-annually on terms between 3 months and 3 years.
Up to
4 months, interest paid monthly
- Minimum amount of $1,000
- Maximum amount of up to $1 million
- Interest paid at maturity or annually
- Interest paid regularly
Term deposits for over 55s
Interest paid fortnightly or monthly for select terms between 6 months and 3 years. For people aged 55+ only.
Up to
6 months, interest paid monthly
- Minimum amount of $5,000
- Maximum amount of up to $1 million
- Interest paid at maturity or annually
- Interest paid regularly
How much could you save?
Want to see how your money could grow? Discover your savings potential with our term deposit goal calculator.
Ready to open a term deposit?
Existing customers
If you already bank with us, you're halfway there! You can open a Standard Term Deposit for yourself online quickly and easily. Simply log in to internet banking or the BCU Bank app and go to ‘Apply’ or ‘Open account’. To open a Regular Income Term Deposit or a term deposit for over 55s, you can call or message us and one of our friendly team will be happy to assist.
Alternatively, you can pop into your local branch and one of the team will be happy to help!
New customers
Once you join BCU Bank, you’ll be able to open a term deposit online. First, you’ll need to set up a transaction or savings account to receive your funds, which is quick and easy. You’ll need to be an Australian resident and at least 18 years of age.
Once your funds have landed in your account, you can open a term deposit using internet banking or the BCU Bank mobile app.
New customers
To open your account online you will need to be:
- over 18 years of age.
- an individual (not a business or association).
- an Australian resident with a current Australian residential address.
And you’ll need to provide two of the following:
- a valid Australian driver licence
- an Australian passport
- a Medicare card (green)
Handy hint: Have your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO, you’ll need to pay tax. To avoid this, provide your tax file number when applying.
Open your account in person at a branch
If you don’t already bank with us, you’ll need to bring your Australian driver licence or a valid Australian passport for ID.
Alternative identification documents are available for anyone who:
- is under 18 years of age.
- is a non-resident.
- doesn't have an Australian photo identity document.
Existing customers
If you already bank with us, you're halfway there! You can open a Standard Term Deposit for yourself online quickly and easily. Simply log in to internet banking or the BCU Bank app and go to ‘Apply’ or ‘Open account’. To open a Regular Income Term Deposit or a term deposit for over 55s, you can call or message us and one of our friendly team will be happy to assist.
Alternatively, you can pop into your local branch and one of the team will be happy to help!
New customers
Once you join BCU Bank, you’ll be able to open a term deposit online. First, you’ll need to set up a transaction or savings account to receive your funds, which is quick and easy. You’ll need to be an Australian resident and at least 18 years of age.
Once your funds have landed in your account, you can open a term deposit using internet banking or the BCU Bank mobile app.
New customers
To open your account online you will need to be:
- over 18 years of age.
- an individual (not a business or association).
- an Australian resident with a current Australian residential address.
And you’ll need to provide two of the following:
- a valid Australian driver licence
- an Australian passport
- a Medicare card (green)
Handy hint: Have your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO, you’ll need to pay tax. To avoid this, provide your tax file number when applying.
Open your account in person at a branch
If you don’t already bank with us, you’ll need to bring your Australian driver licence or a valid Australian passport for ID.
Alternative identification documents are available for anyone who:
- is under 18 years of age.
- is a non-resident.
- doesn't have an Australian photo identity document.
Other ways to save with BCU Bank
Because we're here to help
Talk to the team
Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.
Find your local branch
You’ll find us from Maroochydore to Port Macquarie – drop in and say hi!
Get answers online
Check out our how-to guides, search our FAQs, and find support services.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.
- View terms and conditions
- View Target Market Determination (TMD)
- View Financial Services Guide (FSG)
We calculate interest daily by multiplying the balance of your deposit by the fixed interest rate. Interest can be added to the principal amount, or you can request for it to be credited to your nominated bank account.
Please note that interest rates for amounts of $1,000,000 and over are by negotiation.