Fixed Term Deposits FAQs
Do I have to be a member to open a term deposit?
The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Therefore we require that you must be a member of the Credit Union to open a term deposit.
Learn about becoming a member. ^
How much do I need to deposit to open an account?
You can open an account with a minimum of $2,000. ^
How do I make withdrawals from my account?
Your funds are available at the end of your chosen term. You will be sent a renewal instructions form providing you with a number of renewal or withdrawal options. You simply return your instructions form to us. ^
At maturity you can:
- Automatically re-invest your funds for another term
- Add extra funds
- Withdraw all or part of the funds ^
How often will I receive information on my account?
Statements are issued monthly or every 4 months as required. Duplicate statements can be requested at any time from our offices (see fees and charges brochure).
Account Balances and Statements are also available through our Internet and Phone banking services. ^
What if I want to invest longer than 24 months?
If you are in a position to invest for longer than 24 months, you may wish to consider alternative or complimentary investments that offer additional advantages. At the Credit Union we have friendly financial planners who would be happy to discuss your long term options with you. Please contact us to arrange a meeting at your convenience. ^
More Information
Want to try and save more? Read our budgeting tips Use our online budget calculator
Apply
Apply using our simple online term deposit application form.
Questions?
If you have any questions, please contact us. 
