Whether you’re planning ahead for personal goals or setting aside funds for your business, a Term Deposit offers a safe and reliable way to grow your savings. With a fixed interest rate for a set period, you’ll know exactly what return to expect helping you plan with confidence.
We offer flexible Term Deposit options to suit individuals and businesses alike. Whether you’re saving for something big or simply want to make the most of your investments, we’re here to help you make your money work harder, without the guesswork.
Term Deposits designed for everyday people wanting to make the most out of the money while enjoying peace of mind.
*Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241 000. Advertised rate subject to change without notice. Eligibility criteria, fees and charges, terms and conditions apply. For new 3-month term deposits, you will earn an interest rate of 4.15%p.a. when investing $5k or more. See full disclaimer and more details on product page.
Designed for entrepreneurs and business owners looking to take advantage of competitive rates with a lock-in investment.
*Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241 000. Advertised rate subject to change without notice. For new 3-month term deposits, you will earn an interest rate of 4.15%p.a. when investing $5k or more. See full disclaimer and more details on product page.
Not ready to lock your money in? Consider our range of savings accounts for competitive variable rates.
*Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241 000. Standard rate is 0.90%p.a. and Bonus rate is 3.50% p.a. Bonus interest paid where the account balance increases by at least $200 for the calendar month. Advertised rate subject to change without notice.
Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241000. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs. Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Advertised rate subject to change without notice. Available for new business only.
*Personal Term Deposits: For new 3-month term deposits, you will earn an interest rate of 4.15%pa. when investing $5k or more. Term Deposit interest will be paid annually for terms greater than 12 months. For terms 6 months or greater you may select to have interest paid monthly into a separate savings or transaction account. If you choose to withdraw from your term deposit before the end of its term, you’ll need to give us 31 days’ notice and pay a $30 administration fee for the early redemption. It’s also important to note that this can affect the interest we pay you, with an early redemption interest rate of 0.10%p.a. applicable. When your term ends, you have a ‘Grace Period’ of seven calendar days to manage your term deposit, otherwise we will reinvest your balance for you for the same term, at the applicable advertised interest rate at the time.
*Business Term Deposits: For new 3-month term deposits, you will earn an interest rate of 4.15%p.a. when investing $5k or more. Term Deposit interest will be paid annually for terms greater than 12 months. For terms 6 months or greater you may select to have interest paid monthly into a separate savings or transaction account. If you choose to withdraw from your term deposit before the end of its term, you’ll need to give us 31 days’ notice and pay a $30 administration fee for the early redemption. It’s also important to note that this can affect the interest we pay you, with an early redemption interest rate of 0.10%p.a. applicable. When your term ends, you have a ‘Grace Period’ of seven calendar days to manage your term deposit, otherwise we will reinvest your balance for you for the same term, at the applicable advertised interest rate at the time. Eligible Lifestyle Plus customers will receive an additional 0.10%p.a. on carded rates for terms 3 months or greater. Combined account balances across all products cannot exceed $2 Million.
*Star Saver: Star Saver customers with an increase in savings of $200 or more, per calendar month, will receive the additional bonus rate of 3.50% p.a. for the month where such balance growth was achieved. Bonus interest offer is subject to change without notice. The Standard Star Saver Base Interest Rate of 0.90% applies where balance growth was not achieved. Offer not available in conjunction with previous offers. Star Saver account must be linked to our Easy Access transaction account which may incur a monthly fee if requirements are not met.
Join our SCCU community along with thousands of customers who love our easy to bank approach and keep your money safe with us.
Whether you’re saving as a business or an individual, our Term Deposits are designed to support your financial growth strategy.
Explore your options below and check out our handy tools and services to help you make the most of your money.
Not sure on how much you should put in your Term Deposits, or for how long you should lock it in?
Use our Term Deposit calculator to find out how much you could earn in interest and make a more informed decision.
We have joined forces with Bridges, one of Australia’s leading financial planning companies, to provide expert financial advice.
Navigate your next financial stage with personalised strategies, and cutting-edge tools, such as a free Wealth Report.
Term Deposits are standalone fixed-term investment accounts with a fixed rate to the term you agree to.
A savings account has a variable interest rate, which could regularly fluctuate, and it must be linked to a transaction account.
A Term Deposit is a simple, secure way to grow your savings over time.
Whether you’re setting aside money for personal goals or managing surplus funds for your business, Term Deposits offer the certainty of a fixed interest rate for a set period of time. That means you’ll know exactly what return to expect at the end of you term – no surprises.
Term Deposits are also a good alternative for those who need help resisting the temptation of dipping into savings. The funds are locked in for the chosen term and therefore ideal for when you don’t need or don’t want to have immediate access to your money.
You choose the amount to invest and the term that suits your needs, and we’ll take care of the rest.
As customer-owned and community focused, we place people and meaningful conversation at the core of everything we do. Unlike traditional banks, our profit doesn’t go to shareholders, they are reinvested into improving our services, products and banking solutions to support you every step of the way.
For over 60 years, we’ve helped everyday Australians with competitive financial products, award-winning service, financial education and smart digital solutions. We are here to make banking feel easy, more human, and better for the future.
With SCCU by your side, you are choosing a trusting banking partner who is proudly invested in you, your community, and your future.
Learn More About Us
From your first transaction to lifelong investments, with you across all financial life stages.
Years of age
Australian our NZ resident
Confirmed employment
If you'd like a little extra help, call our team on 1300 360 744.
