Looking to securely grow your savings? Our term deposits can give you a higher rate of return on your investment than a standard savings account and they're guaranteed by the Australian Government's Financial Claims Scheme up to $250k.

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Term Deposits up to
0.50
%
P.A
for 12 months*
Term Deposits up to
  • No Account Fees
  • Minimum Deposit of $100k
  • Terms from 1 month +

$5k - $99,999

$100k & Over

Interest Paid
Tiered Interest Rates^
1 month
0.20% 0.25% At maturity
2 months
0.20% 0.25% At maturity
3 months
0.30% 0.35% At maturity
4 months
0.30% 0.35% At maturity
5 months
0.30% 0.35% At maturity
6 months
0.35% 0.40% At maturity
7 months
0.35% 0.40% At maturity
8 months
0.35% 0.40% At maturity
9 months
0.35% 0.40% At maturity
10 months
0.35% 0.40% At maturity
11 months
0.35% 0.40% At maturity
12 months
0.45% 0.50% At maturity
18 months
0.45% 0.50% At maturity or Annually
24 months
0.45% 0.50% At maturity or Annually
Tiered Interest Rates^
Compare

$5k - $99,999

1 month
0.20%
2 months
0.20%
3 months
0.30%
4 months
0.30%
5 months
0.30%
6 months
0.35%
7 months
0.35%
8 months
0.35%
9 months
0.35%
10 months
0.35%
11 months
0.35%
12 months
0.45%
18 months
0.45%
24 months
0.45%

$100k & Over

1 month
0.25%
2 months
0.25%
3 months
0.35%
4 months
0.35%
5 months
0.35%
6 months
0.40%
7 months
0.40%
8 months
0.40%
9 months
0.40%
10 months
0.40%
11 months
0.40%
12 months
0.50%
18 months
0.50%
24 months
0.50%

Interest Paid

1 month
At maturity
2 months
At maturity
3 months
At maturity
4 months
At maturity
5 months
At maturity
6 months
At maturity
7 months
At maturity
8 months
At maturity
9 months
At maturity
10 months
At maturity
11 months
At maturity
12 months
At maturity
18 months
At maturity or Annually
24 months
At maturity or Annually
Deposit Rate Schedule
Rachael has been outstanding in helping my wife and I purchase our new home in Gladstone Central Qld, Rachael also helped us 3 years ago purchase an investment property which we still have. We lived on the Tweed Coast for 14 years and have always banked with SCCU, even though we relocated to Central Qld 6 years ago. The reason we remain with SCCU rather than be attracted by one of the Big Banking companies is the excellent customer service and great attitude of the SCCU team. Even with the distance and us both working in very busy jobs, Rachael made the job of purchasing our new property stress free and straight forward, all the time nothing was a hassle for her. I wanted to let you know that your staff are excellent, and as always I will continue to recommend you to the many friends I have in the Tweed area and elsewhere.      
Peter & Melissa
We chose to bank with our local SCCU for many reasons. The staff are very cheerful and helpful. It is an enjoyable in-branch experience at a convenient location. Opening hours are longer than most other banks in our area and they are open every weekday. We bank exclusively with SCCU for our personal, business and children's accounts. We have always been happy with their customer service and have recommended SCCU to our local sports club and school
Tony & Alisha
We have been with SCCU for over 45 Years and for the last 24 of them with our business as well. The staff are amazing people to do your banking with and the loans division make every buying and selling experience so easy. Our little hiccups have never been a drama for the staff to help us solve and nothing is ever too much trouble to help us along the way to building our business through banking. Their rates are always competitive and we would never consider another bank or financial institution for all our needs. Loyal staff and loyal friends = Best Bank Ever.
Neil & Kathalina
I really appreciate the warm service at SCCU Byron Branch that makes popping in to do some banking surprisingly enjoyable. The friendly atmosphere has really encouraged me to make some big personal savings towards my goals and I like knowing my money is invested locally. SCCU works for me!
Jedd
You were professional to deal with and responded to my queries promptly. Initially I was concerned about changing to a non-bank lender, especially one outside Sydney, but you came recommended so we decided to go with you. I am now very happy that we moved to the Southern Cross Credit Union. We should have done it years ago.
Robyn
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What is compound interest and how is it calculated?
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Interest is the money paid to you by your financial institution to reward you for banking your savings dollars with them. Compound interest is the simple equation which could help amass more dollars in your savings account. Albert Einstein referred to compound interest as the 8th wonder of the world...

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How can I earn interest on my money?
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Earning interest on your money is one of the ways you can begin to grow wealth and have your savings working for you, whether you’re saving for something specific such as a holiday or a deposit on a house, or you’re just setting aside some ‘rainy day’ money. There are...

Earning interest on your money is one of the ways you can begin to grow wealth and have your...

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Who is the RBA and what is the ‘cash rate’
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On the first Tuesday of every month, the Reserve Bank of Australia (RBA) announces what it plans to do with interest rate. Whilst it very rarely exceeds a ¼% increase or decrease, it often gets a mention on the evening news. It’s a fundamental influence on our national economy and...

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  • The Little Details

    Products issued by Southern Cross Credit Union Ltd. 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. Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.

    Interest is calculated daily on whole balances and paid at maturity or annually for terms more than one year. If you’d like an early release of your term deposit before the maturity date an early withdrawal interest penalty will apply.

    ^A tiered interest rate means you will earn different rates of interest depending on the whole balance of your account. If your account balance is above a certain level, we will pay a higher rate of interest on the whole balance. Please speak to one of our friendly staff for further information.

    *Fixed Rate is based on a deposit of $100,000 or greater for 12 months.