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Interest rates

Current interest rates

Are you looking for the latest rate change information? Find out more.

Loan interest rates

Personal Lending

Residential Loans - Owner Occupied (Principal and Interest)

Products Interest Rate Comparison Rate 4
Offset Home Loan
Loan to Value Ratio <=60%

6.19%

6.20%
Offset Home Loan
Loan to Value Ratio >60% and <=80%

6.29%

6.30%
Offset Home Loan
Loan to Value Ratio >80% and <=95%

6.39%

6.40%
Standard Variable Home Loan8.31%8.31%
Maximum Discounted Rate Home Loan7.61%7.61%
OMG Home Loan
Loan to Value Ratio <=60%

5.99%

6.00%
OMG Home Loan
Loan to Value Ratio >60% and <=80%

6.09%

6.10%
OMG Home Loan
Loan to Value Ratio >80% and <=95%

6.29%

6.30%
Fixed Rate: 1 year6.49%6.32%
Fixed Rate: 2 year5.99%6.24%
Fixed Rate: 3 years6.29%6.30%
Fixed Rate: 4 years6.49%6.37%
Fixed Rate: 5 years6.49%6.38%
All in One line of credit
Standard Variable

8.44%

N/a
All in One line of credit
Maximum Discounted Variable

7.74%

N/a
Variable Home Loan OO^
^Not available for sale. Fixed Rate Home Loans will automatically roll over to this product at the end of the fixed period.

6.29%

6.30%
Bridging Loan9.76%9.76%

Residential Loans - Owner Occupied (Interest Only)

Products Interest Rate Comparison Rate
Standard Variable Home Loan8.37%8.33%
Maximum Discounted Rate Home Loan7.67%7.63%
OMG Home Loan6.99%6.35%
Fixed Rate: 1 year6.59%6.33%
Fixed Rate: 2 year6.09%6.26%
Fixed Rate: 3 years6.39%6.32%
Fixed Rate: 4 years6.59%6.41%
Fixed Rate: 5 years6.59%6.43%

Residential Loans - Investment (Principal and Interest)

Products Interest Rate Comparison Rate
Standard Variable Home Loan7.09%7.10%
Variable Home Loan INV (P&I)6.44%6.45%
Basic Investment Loan
Loan to Value Ratio <=70%

6.29%

6.30%
Basic Investment Loan
Loan to Value Ratio >70%

6.39%

6.40%
Fixed Rate: 1 year6.59%6.46%
Fixed Rate: 2 year6.39%6.44%
Fixed Rate: 3 years6.39%6.43%
Fixed Rate: 4 years6.59%6.50%
Fixed Rate: 5 years6.59%6.51%
All in One line of credit
Standard Variable

8.60%

N/a
All in One line of credit
Maximum Discounted Variable

7.90%

N/a

Residential Loans - Investment (Interest Only)

Products Interest Rate Comparison Rate
Standard Variable Home Loan8.32%7.46%
Variable Home Loan INV (IO)7.62%6.79%
Basic Investment Loan6.69%6.48%
Fixed Rate: 1 year6.69%6.47%
Fixed Rate: 2 year6.49%6.46%
Fixed Rate: 3 years6.49%6.46%
Fixed Rate: 4 years6.69%6.54%
Fixed Rate: 5 years6.69%6.56%

Overdrafts

Products Interest Rate Comparison Rate
Personal - Secured (no longer for sale)6.99%N/a
Personal - Unsecured (no longer for sale)12.29%N/a

Personal loans

Products Interest Rate Comparison Rate
Freedom Loan - Secured (no longer for sale)7.58%N/a
Freedom Loan - Unsecured9.30%9.59%
New car loan (rate applicable to loans funded from 25 October 2020)6.49%6.77%

Credit cards

Products Purchase Rate Cash Advance Rate
Classic11.95%14.80%
Rewards13.05%14.80%

These rates are effective as at 21 February 2024 and are subject to change.

The current rate applicable to your product can be easily viewed on your Internet Banking/Mobile App under 'Account Information' and if you are still not sure you can call us on 1300 228 228 Mon-Fri 8:00am - 6:00pm AEDT and Sat 9:00am - 1:00pm AEDT or visit your nearest branch for more information.

Business loan rates

Business Lending products may have an Annual Percentage Rate that is comprised of a Reference Rate being the Bank Bill Swap Rate (BBSW) plus the margin rate as disclosed in your Loan Contract. Your Annual Percentage Rate can be viewed in Internet Banking.

Below is the BBSW 1 month mid rate as published by the Australian Stock Exchange on the first business day (NSW) of each calendar month:

Effective DateReference Rate
1 March 2024 4.2995%
1 February 2024 4.2923%
2 January 2024 4.3050%
1 December 2023 4.2964%
1 November 2023 4.1800%
3 October 2023 4.0600%

If you are on a negotiated Business Lending rate, this can be viewed in Internet Banking.

Loans available to approved applicants only.
For further details please call us on 1300 228 228, email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or visit a bcu store.

Important information

    Savings and term deposits interest rates

    Personal

    BCU Access

    Tier Rate
    $0 - plus0.00% p.a.

    BCU Concession Account

    Tier Rate
    $0 - plus0.00% p.a.

    BCU Advantage Saver

    Tier Rate
    $0 - $1,999.990.00% p.a.
    $2,000 - $47,999.992.05% p.a.
    $48,000 - plus2.35% p.a.

    BCU Bonus Saver

    Tier Standard rate Bonus rate ^ Total rate
    $0 - plus1.00% p.a.4.20% p.a.5.20% p.a.

    ^ An introductory bonus variable rate will apply only for the first 4 months in addition to the standard variable rate from the opening date of the new Bonus Saver account. Bonus and standard rates are subject to change.

    BCU iSaver

    Tier Rate
    $0 - $999.990.00% p.a.
    $1,000 - $19,999.992.85% p.a.
    $20,000 - $249,999.993.25% p.a.
    $250,000 - plus3.30% p.a.

    BCU Scoot's Super Saver

    Tier Rate
    $0 - $49,999.992.75% p.a.
    $50,000 - plus1.65% p.a.

    Business

    BCU Business Access

    Tier Rate
    $0 - plus0.00% p.a.

    BCU Business Basic Access

    Tier Rate
    $0 - plus0.00% p.a.

    BCU Business iSaver

    Tier Rate
    $0 - $4,999.991.45% p.a.
    $5,000 - plus1.75% p.a.

    Term Deposits

    See all Term Deposit rates (PDF)

    Standard TDs

    Term Interest
    Frequency
    $1,000 to $999,999.99
    1 MonthMaturity1.35% p.a.
    2 MonthsMaturity1.75% p.a.
    3 MonthsMaturity4.40% p.a.
    4 MonthsMaturity3.70% p.a.
    5 MonthsMaturity3.40% p.a.
    6 MonthsMaturity4.50% p.a.
    7 MonthsMaturity4.40% p.a.
    8 MonthsMaturity4.70% p.a.
    9 MonthsMaturity4.70% p.a.
    10 MonthsMaturity3.80% p.a.
    11 MonthsMaturity3.80% p.a.
    12 MonthsMaturity4.90% p.a.
    24 MonthsAnnually4.40% p.a.
    36 MonthsAnnually4.00% p.a.

    Regular Income TDs

    Term Interest
    Frequency
    $1,000 to $999,999.99
    3 MonthsMonthly4.30% p.a.
    4 MonthsMonthly3.60% p.a.
    5 MonthsMonthly3.30% p.a.
    6 MonthsMonthly4.40% p.a.
    7 MonthsMonthly4.30% p.a.
    8 MonthsMonthly4.60% p.a.
    9 MonthsMonthly4.60% p.a.
    10 MonthsMonthly3.70% p.a.
    11 MonthsMonthly3.70% p.a.
    12 MonthsMonthly4.80% p.a.
    24 MonthsMonthly4.30% p.a.
    36 MonthsMonthly3.90% p.a.
    12 MonthsQuarterly4.82% p.a.
    24 MonthsQuarterly4.32% p.a.
    36 MonthsQuarterly3.92% p.a.
    12 MonthsSix Monthly4.85% p.a.
    24 MonthsSix Monthly4.35% p.a.
    36 MonthsSix Monthly3.95% p.a.

    55+ and Not For Profit Term Deposits

    Term Interest
    Frequency
    $5,000 to $999,999.99
    6 MonthsFortnightly4.45% p.a.
    12 MonthsFortnightly4.85% p.a.
    24 MonthsFortnightly4.35% p.a.
    36 MonthsFortnightly3.95% p.a.
    3 MonthsMonthly4.40% p.a.
    6 MonthsMonthly4.50% p.a.
    12 MonthsMonthly4.90% p.a.
    24 MonthsMonthly4.40% p.a.
    36 MonthsMonthly4.00% p.a.

    Farm Management Deposits

    Term Interest
    Frequency
    $1,000 to $800,000
    12 MonthsMaturity4.55% p.a.

    Other terms and interest payment frequencies may be available on request.

    Important Information - Savings
    These rates are effective as at Monday 11 March 2024 and are subject to change. All interest rates are calculated on a daily basis.

    Important Information
    Term Deposits - Standard Term Deposits, Regular Income Term Deposits, 55+ and Not For Profit Term Deposits rates are current as at Tuesday 07 March 2023 and subject to change.
    Farm Management Deposit rates are current as at Wednesday, 25 January 2023 and subject to change.

    We calculate interest daily by multiplying the balance of your deposit by the fixed interest rate. Interest is paid at maturity for terms under 12 months only. For terms of 12 months or more interest can be paid monthly, quarterly, or annually. 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. For more detailed information please refer to the Term Deposit Terms and Conditions and Term Deposit Interest Rate Schedule.

    Important information

      Accounts no longer on offer

      Basic Access
      $0 plus0.00% p.a.
      bcu Christmas club 1
      $0 - plus0.30% p.a. p.a.
      Dream Saver 1
      $0 - $29,999.991.40% p.a. p.a.
      $30,000 - plus0.27% p.a. p.a.
      Incentive Savings Account
      $0 - $49,999.990.00% p.a.
      $50,000 - $249,999.990.05% p.a.
      $250,000 - $1,000,000 plus0.30% p.a.
      Visa Account
      $0 plus0.00% p.a.
      Community Saver Account
      $0 - $9,999.990.00% p.a.
      $10,000 - $49,999.990.10% p.a.
      $50,000 plus0.25% p.a.
      bcu SMSF Cash iSaver
      $0 plus0.85% p.a.
      Personal Cheque Account
      $0 plus0.00% p.a.
      bcu premium saver 2
      $0 - $9,999.990.00% p.a.
      $10,000 - $99,999.990.05% p.a.
      $100,000 plus0.35% p.a.
      bcu saver 2
      $0 - $19,999.990.00% p.a.
      $20,000 - $249,999.990.05% p.a.
      $250,000 plus0.30% p.a.


       

      Important information

      1. Interest is calculated on the amount in each tier at the rate applying to that tier. It is not paid on the total amount at the rate for that tier.

      2. Interest is paid on the total amount at the rate for that tier.