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Standard Term Deposits
Kick your savings into gear

Standard Term Deposits

4.70% p.a. 1

6 Months
Interest paid at maturity
On investments $1,000 - $999,999.99

Term deposits are a great way to help build your savings for the future, with a range of features to suit your needs.

Features and Benefits

No fees

Maximise your savings with no ongoing fees.

Flexible terms

Choose your interest term
from 1-36 months.


Peace of mind

Protected for a total of $250,000 by the Financial Claims Scheme.

Guaranteed returns

Guaranteed fixed rate interest for the selected term.

Here are some of our most popular Standard Term Deposits

4.60% p.a. 1

3 Months
Interest paid at maturity
On investments $1,000 - $999,999.99

4.70% p.a. 1

6 Months
Interest paid at maturity
On investments $1,000 - $999,999.99

4.40% p.a. 1

9 Months
Interest paid at maturity
On investments $1,000 - $999,999.99

4.50% p.a. 1

12 Months
Interest paid at maturity
On investments $1,000 - $999,999.99

Open a term deposit

Discover how much interest you could earn with our savings and term deposit calculator.

Open a term deposit in minutes

Existing members

BCU iBank:

In the main menu go to Apply > Open deposit account.

Select the Term Deposit you wish to apply for and follow the prompts to open your account.

BCU Bank app:

Go to Open account in the left menu. Select the Term Deposit you wish to apply for and follow the prompts.

New members

If you’re new to BCU, the first step is to open a bank account with us. If you’re over 18, this can be done completely online and it only takes a few minutes.

Open account

Or you can visit a branch or contact us.

Opening your account online

To open your account online as a new member you’ll 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 Austalian driver's licence
  • an Australian passport
  • a Medicare card (green)

Handy hint: Have your tax file number ready. If you earn more interest than the limit set by the ATO, you need to pay tax. To avoid this, provide your tax file number when applying.

Opening your account in branch

If you don’t already bank with us you’ll need to bring your Australian driver's licence or a valid Australian passport for ID.

Read more information about how to apply.

Choose a term and payment frequency that suits you:

Standard TDs

$1,000 to $999,999.99
1 MonthMaturity1.35% p.a.
2 MonthsMaturity1.75% p.a.
3 MonthsMaturity4.60% p.a.
4 MonthsMaturity4.80% p.a.
5 MonthsMaturity3.40% p.a.
6 MonthsMaturity4.70% p.a.
7 MonthsMaturity4.00% p.a.
8 MonthsMaturity4.00% p.a.
9 MonthsMaturity4.40% p.a.
10 MonthsMaturity3.80% p.a.
11 MonthsMaturity3.80% p.a.
12 MonthsMaturity4.50% p.a.
24 MonthsAnnually4.40% p.a.
36 MonthsAnnually4.00% 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.

Deposits of up to $250,000 in total are protected by the Financial Claims Scheme.


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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.