Central Murray Credit Union Term Deposit 7 Months
1 termFixed rate
A term deposit from Central Murray Credit Union, paying up to 1.00% a year, with 1 term to choose from.
- Minimum deposit
- $500
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 7 months
Rates by term
| Term | Amount | Interest paid | Rate a year |
|---|---|---|---|
| 7 months | $500 to $5,000 | At maturity | 0.75% |
| 7 months | $5,000 to $10,000 | At maturity | 1.00% |
| 7 months | $10,000 to $25,000 | At maturity | 1.00% |
| 7 months | $25,000 to $50,000 | At maturity | 1.00% |
| 7 months | $50,000 to $3,500,000 | At maturity | 1.00% |
How it compares
Against the other 7 months term deposits we compare. Typical means the middle half of them.
7 months rate
1.00%
A typical 7 months rate is 5.00%.
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. 1.00% for 7 months, below the typical 5.00%, 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
- 0.10%
- Minimum deposit
- $5,000
- Rate a year
- 2.05%
- Minimum deposit
- $1,000
- Rate a year
- 2.25%
- Minimum deposit
- $1,000
