Finty
Central Murray Credit Union

Central Murray Credit Union Term Deposit 24 Months

1 termFixed rate

A term deposit from Central Murray Credit Union, paying up to 3.75% a year, with 1 term to choose from.

Written byDavid Boyd
Minimum deposit
$500
Maximum deposit
Not published
Terms offered
1

Rate a year, up to

For 2 years

Open account

Rates by term

TermAmountInterest paidRate a year
2 years$500 to $5,000At maturity3.75%
2 years$5,000 to $10,000At maturity3.75%
2 years$10,000 to $25,000At maturity3.75%
2 years$25,000 to $50,000At maturity3.75%
2 years$50,000 to $3,500,000At maturity3.75%

How it compares

Against the other 2 years term deposits we compare. Typical means the middle half of them.

2 years rate

3.75%

A typical 2 years rate is 4.50%.

Minimum deposit

$500

A typical minimum is $2,000.

Pros and cons

Pros

  • A low minimum. You can start with $500.

Cons

  • A lower rate. 3.75% for 2 years, below the typical 4.50%, 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.