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You are here: Savings > Term Deposits
Our term deposits offer you a smarter, safer investment for your money.
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 Personal Financial Centre.
Lifestyle Rewards Program
All members with a Term Deposit will enjoy an enhanced range of benefits through our Rewards program and will automatically be eligible for the program at no cost*. The program rewards members for choosing a Term Deposit, and offers a wide range of discounts at retail outlets, restaurants and cinemas, as well as savings on hotel accommodation and leisure activities.
We have collaborated with The Ambassador Card to create the Lifestyle Rewards program, and we have also included exclusive offers on our products and services, including insurance, financial planning and loans.
The Lifestyle Rewards Card can be used throughout Australia and New Zealand for your travel and entertainment needs. To find out more visit The Ambassador Card website.
On 12 October 2008 the Prime Minister announced a 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. There is no cap on the guarantee. However, from 28 November 2008, financial institutions will have to pay a fee to guarantee deposits in excess of $1 million. Guaranteeing deposits over $1 million is not compulsory. The scheme is 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. *valued at $60
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.
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