
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
5 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 3 months and 3 years. For people aged 55+ only.
Up to
3 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.
Other ways to save with BCU Bank


How to open a term deposit
To open an account online, you'll need to be:
Am I eligible to open an account?
To open an account online, you’ll need to:
- be at least 18 years old
- live in Australia with a current residential address
- be applying as an individual (not a business or association)
What do I need to open an account online?
All you need is a NSW or QLD driver licence or valid passport to verify your identity.
We also recommend having your tax file number (TFN) ready. If you earn more interest than the limit set by the ATO and you haven’t provided us with your TFN, withholding tax may be deducted from the interest you earn.
Already bank with us?
You can open a new Standard Term Deposit through internet banking or the BCU Bank app – no additional ID required.
If you’d like to open a Regular Income Term Deposit or a term deposit for over 55s, please get in touch with us.
Prefer to visit a branch?
Drop into one of our branches to open your account in person. If you don’t already bank with us, you’ll need your Australian driver licence or passport.
Don't have photo ID, are under 18, or not an Australian resident? We also accept alternative forms of identification.

Because we're here to help
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 and conditions, fees and 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.