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Schools

School Term Deposits

Get a guaranteed rate of return, flexible terms and highly competitive rates.


Benefits and Features:

  • Highly competitive interest rates.
  • Flexible terms - Funds can be locked away for the short term (30 - 90 days) or for a longer period (120 - 180 days). Longer terms available upon request.
  • A fixed rate of return.
  • A highly secure way to grow your money.
  • Internet and Phone Banking access.
  • Interest calculated daily.
  • Interest credited upon maturity.
  • Funds available upon maturity.
  • $5000 minimum opening deposit.

Secure Access

Only signatories and authorised staff (for example, your Business Manager or Bursar) can access account information and check balances by calling the Credit Union or via Phone and Internet Banking.

Our dedicated Relationship Officers visit Victorian School’s throughout the year and can assist with setting up your School's Accounts and financial matters.

Rates & Fees

School Term Deposit Interest Rates1,2

 

$5000 - $99,999 $100,000+

30-90 days (I4)

5.60% p.a. 5.60% p.a.

120 - 180 days (I5)

5.60% p.a. 5.60% p.a.

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

  1. Interest Rates effective 20 December 2011.
  2. A Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term.

Calculators



Budget Calculator

Wondering where your money goes? Help plan for the future by doing your budget online.

 

More Information

Download

Schools and Preschools

Further information on our School and Preschool banking products and services.

 

How do I apply?

Book

Apply today

To apply for a Term Deposit call one of our friendly Member Service Consultants on 1300 654 822, download a  School Cash Management and Term Deposit application or contact your local Relationship Officer.


NB: To apply, your School must be a Member of the Credit Union. Become a Member now.