Central Murray Credit Union 12 Mths Monthly Chq
1 termFixed rate
A term deposit from Central Murray Credit Union, paying up to 4.25% a year, with 1 term to choose from.
- Minimum deposit
- $5,000
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 1 year
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 1 year | $5,000 to $10,000 | Monthly | 4.25% |
| 1 year | $10,000 to $25,000 | Monthly | 4.25% |
| 1 year | $25,000 to $50,000 | Monthly | 4.25% |
| 1 year | $50,000 to $3,500,000 | Monthly | 4.25% |
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
4.25%
A typical 1 year rate is 5.25%.
Minimum deposit
$5,000
A typical minimum is $2,000.
Pros and cons
Pros
- Monthly interest. You can have interest paid each month, which suits living off the interest.
Cons
- A lower rate. 4.25% for 1 year, below the typical 5.25%, so you'd likely earn more elsewhere.
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 4.20%
- Minimum deposit
- $5,000
- Rate a year
- 4.32%
- Minimum deposit
- $1,000
- Rate a year
- 4.00%
- Minimum deposit
- $5,000
