Term Deposits for over 55s
With fixed rates, protection from market changes and a range of term options, you'll find a bcu term deposit that’s best for you.
You can feel secure and carefree knowing that deposits of up to $250,000 in total are protected by the Financial Claims Scheme while you watch your funds grow. Plus members aged 55+ have the advantage of special rates. Find out more about the FCS.
If you'd like to speak to one of our friendly staff to talk about term deposit options that may be best suited to you, you can request a callback.
Here are some of our most popular Term Deposits for over 55s
4.35% p.a.
3 month term
Interest paid monthly
On investments of $5,000 - $999,999.99
4.60% p.a.
6 month term
Interest paid monthly
On investments of $5,000 - $999,999.99
4.75% p.a.
12 month term
Interest paid monthly
On investments of $5,000 - $999,999.99
Check out these great features
Earn a fixed interest rate on funds
And pay no monthly fee
Protected from market changes
For added peace of mind
Protection under the FCS
Deposits of up to $250,000 are protected
Choose from a range of terms
Available from 3 - 36 months
Choose a term and payment frequency that suits you:
55+ Term Deposit
| Term | Interest Frequency | $5,000 to $999,999.99 |
|---|---|---|
| 6 Months | Fortnightly | 4.55% p.a. |
| 12 Months | Fortnightly | 4.70% p.a. |
| 24 Months | Fortnightly | 4.35% p.a. |
| 36 Months | Fortnightly | 3.95% p.a. |
| 3 Months | Monthly | 4.35% p.a. |
| 6 Months | Monthly | 4.60% p.a. |
| 12 Months | Monthly | 4.75% p.a. |
| 24 Months | Monthly | 4.40% p.a. |
| 36 Months | Monthly | 4.00% p.a. |
Important Information - Term Deposits 1
Term Deposits - Standard Term Deposits, Regular Income Term Deposits, 55+ and Not For Profit Term Deposits rates are current as at Thursday 02 November 2023 and subject to change. All interest rates are calculated on a daily basis.Looking to invest but want more options?
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Important information
Disclaimers & Conditions of Use
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.