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55+ Term Deposit
Secure and carefree

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

4.60% p.a.

3 month term

Interest paid monthly

On investments of $5,000 - $999,999.99

4.70% p.a.

6 month term

Interest paid monthly

On investments of $5,000 - $999,999.99

4.50% 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

$5,000 to $999,999.99
6 MonthsFortnightly4.65% p.a.
12 MonthsFortnightly4.45% p.a.
24 MonthsFortnightly4.35% p.a.
36 MonthsFortnightly3.95% p.a.
3 MonthsMonthly4.60% p.a.
6 MonthsMonthly4.70% p.a.
12 MonthsMonthly4.50% p.a.
24 MonthsMonthly4.40% p.a.
36 MonthsMonthly4.00% 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 Tuesday 07 March 2023 and subject to change. All interest rates are calculated on a daily basis.

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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.