BCU Bank offers term deposits from four months to three years with a $1000 minimum deposit. The strongest rate is 5.15% p.a. on the five-month term, paid at maturity. The 12-month term offers 5.0% p.a., while rates decline significantly for longer terms, dropping to 3.35% p.a. at three years. Mid-range terms from seven to ten months cluster around 3.55% to 3.85% p.a.
Deposits with BCU Bank are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.
Deposit $500 or more into your linked BCU transaction account from an external source and make 5 or more Visa Debit card purchases each month. Bonus applies on balances up to $100,000.
Bonus rate applies on balances up to $100,000
Bonus interest applied when minimum $100 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.
Bonus rate applies on balances up to $250,000
Then reverts to 0.05% ongoing rate.
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