Term Deposits

Overview

Overview

Summary
Rates & Fees
Calculators
More Info
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With a Term Deposit, your money is invested for a fixed period of time in exchange for a guaranteed rate of return.

Our Members have access to secure Term Deposits with terms ranging from 30 days to 5 years. Term Deposit minimum balance begins at $500 (excludes 1 year Regular Income) with no maximum balance.

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 days – 5 years).
A fixed rate of return.
A highly secure way to grow your money.
Internet and Phone Banking access (balance information only).
Interest calculated daily.
Interest credited on maturity.
Funds available on maturity.
Minimum balance begins at $500 (excludes 1 year Regular Income).
Available to all Members.

1 Year Regular Income Term Deposit

Minimum opening deposit and balance - $5,000.
Interest paid fortnightly or monthly as nominated and balance on maturity.

Rates & Fees

Term Deposit Interest Rates (p.a.)¹
	$500- $19,999	$20,000- $49,999	$50,000- $99,999	$100,000+
30 days (I18)	4.25% p.a.	4.25% p.a.	4.25% p.a.	4.25% p.a.
60 days (I17)	4.25% p.a.	4.25% p.a.	4.25% p.a.	4.25% p.a.
90 days (I16)	5.45% p.a.	5.45% p.a.	5.60% p.a.	5.60% p.a.
120 days (I7)	5.45% p.a.	5.45% p.a.	5.60% p.a.	5.60% p.a.
180 days (I15)	5.25% p.a.	5.25% p.a.	5.40% p.a.	5.40% p.a.
270 days (I1)	5.25% p.a.	5.25% p.a.	5.40% p.a.	5.40% p.a.
1 year (I12)	5.10% p.a.	5.10% p.a.	5.20% p.a.	5.20% p.a.
2 years (I24)	5.30% p.a.	5.30% p.a.	5.40% p.a.	5.40% p.a.
3 years (I36)	5.50% p.a.	5.50% p.a.	5.50% p.a.	5.50% p.a.
4 years (I48)	5.60% p.a.	5.60% p.a.	5.60% p.a.	5.60% p.a.
5 years (I60)	5.60% p.a.	5.60% p.a.	5.60% p.a.	5.60% p.a.

1 year Regular Income (I3) $5,000 and over - 5.20% p.a.

Terms and Conditions

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

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. Interest Rates effective 20 December 2011.

Calculators

Budget Calculator

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

More Information

Access Channels and Accounts

Learn how to access the funds in your Term Deposit.

How to Apply

If you are not already enjoying the benefits of Membership with Victoria Teachers Credit Union, join online today!

If you are already a Member, you may select any of the following options:

Download a Term Deposit Application

Complete the application and return it to the Credit Union by mail, fax or take it to one of our Member Service Centres.

Over the Phone

By calling our friendly Member Service Consultants on 1300 654 822 between 8:00am and 7:00pm Monday to Thursday and Friday 8:00am and 6:00pm.

Visit a Member Service Centre

Complete an application in person at our Camberwell or Moonee Ponds Member Service Centres.