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You are here: Savings > Term Deposits
Our term deposits offer you a smarter, safer investment for your money.
We offer a Government Guarantee, and as an added incentive all members with a term deposit receive our free Lifestyle Rewards program which has been developed in partnership with The Ambassador Card.
Features and Benefits
If you would like more information or wish to open a Term Deposit Account, email us now, call us on 13 25 85 or visit a Branch.
On 12 October 2008 the Prime Minister announced a temporary new scheme to guarantee all deposits held in credits unions, building societies and banks in Australia. The new scheme ensures that depositors with Australian credit unions, banks, and building societies will be guaranteed repayment of their funds in the extremely unlikely event that any banking institution faces stress. The guarantee is free but capped at $1 million per depositor. The scheme was a response to the global economic conditions currently being experienced in global financial markets, and is an extra confidence measure for the already strong Australian banking system. On 10 September 2011 the Treasurer announced that the Government deposit guarantee would be made permanent but at a reduced cap of $250,000. The lower cap applies as follows:-
Full terms, conditions, fees and charges are available in our Product Guide and Fees and Charges booklets. These booklets are available upon request, can be downloaded from our website, and will be provided at the time of acquiring the product. Before acquiring the product you should consider if this product is appropriate for you. |
