term deposits
View all term deposit interest rates and fees.
effective 14/05/12
interest paid at maturity or annually
| 3 months |
3.50% |
5.05% |
5.05% |
5.05% |
5.05% |
| 4 months |
3.50% |
5.00% |
5.00% |
5.00% |
5.00% |
| 5 months |
3.50% |
5.00% |
5.00% |
5.00% |
5.00% |
| 6 months |
4.00% |
5.00% |
5.00% |
5.00% |
5.00% |
| 7 months |
4.00%
|
5.00% |
5.00% |
5.00% |
5.00% |
| 8 months |
4.00%
|
5.00% |
5.00% |
5.00% |
5.00% |
| 9 months |
4.25%
|
5.00% |
5.00% |
5.00% |
5.00% |
| 10 months |
4.25%
|
5.00% |
5.00% |
5.00% |
5.00% |
| 11 months |
4.25%
|
5.00% |
5.00% |
5.00% |
5.00% |
| 12 - 18 months |
4.30%
|
5.00% |
5.00% |
5.00% |
5.00% |
| 19 - 24 months |
4.40% |
5.10% |
5.10% |
5.10% |
5.10% |
| 36 months |
4.75% |
5.30% |
5.30% |
5.30% |
5.30% |
|
Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. Early Withdrawal Policy applies to Fixed Term Deposits.
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|
interest paid on a six-monthly basis
| 12 months |
4.95% |
4.95% |
4.95% |
| 18 or 24 months |
5.05% |
5.05% |
5.05% |
| 36 months |
5.25% |
5.25% |
5.50% |
|
Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. Early Withdrawal Policy applies to Fixed Term Deposits.
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|
interest paid on a monthly basis
| 12 - 18 months |
4.90% |
4.90% |
4.90% |
| 19 - 24 months |
5.00% |
5.00% |
5.00% |
| 36 months |
5.20% |
5.20% |
5.50% |
|
Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. Early Withdrawal Policy applies to Fixed Term Deposits.
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|
interest paid on a fortnightly basis
| 12 - 18 months |
4.85% |
4.85% |
4.85% |
| 19 - 24 months |
4.95% |
4.95% |
4.95% |
| 36 months |
5.20% |
5.20% |
5.50% |
|
Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. Early Withdrawal Policy applies to Fixed Term Deposits.
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|
edvest regular income term deposits with fortnightly interest**
| 12 to 24 months |
4.90% |
|
Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. Early Withdrawal Policy applies to Fixed Term Deposits.
**Only for customers aged 45 years and above and an $18 annual fee applies.
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|
edvest deferred interest term deposits**
| 6 to 12 months |
4.30% |
5.00% |
|
Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. Early Withdrawal Policy applies to Fixed Term Deposits.
**Only for customers aged 45 years and above and an $18 annual fee applies.
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|
* Customer Support Level equals - deposits PLUS borrowings, LESS overdrawn savings accounts and overlimit overdrafts.
The combined end of month balance of the accounts within an account sets the relationship threshold for the subsequent month.
Early Withdrawal Policy
By opening a Term Deposit with bankmecu, an agreement is entered into whereby the Credit Union agrees to pay a specified interest rate on the amount invested. Interest paid on principal amounts withdrawn early will equate to the percentage of the current term over the original agreed term. e.g. If the term deposit is held for 80% of the original term, 80% of the accrued interest will be paid upon early redemption. Any funds not redeemed will remain in the account until final expiry of the agreed term and will attract the full rate of interest as originally specified. Minimum retained balance is $500.
All interest rates quoted are annual percentage rates. Fees and charges may apply. Terms and conditions available on request.
general advice warning
In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with bankmecu.
bankmecu is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.
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