Finty
Central West Credit Union

Central West Credit Union $500+ (3m to <6m) I8

2 termsFixed rate

A fixed term deposit lets you earn a competitive interest rate on your money, over a set period of time.

Written byDavid Boyd
Minimum deposit
$500
Maximum deposit
$5,000
Terms offered
2

Rate a year, up to

For 90–179 days

Open account

Rates by term

TermAmountInterest paidRate a year
90–179 days$500 to $5,000At maturity2.85%
3–6 months$500 to $4,999At maturity2.85%

How it compares

Against the other 3 months term deposits we compare. Typical means the middle half of them.

3 months rate

2.85%

A typical 3 months rate is 4.30%.

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. 2.85% for 3 months, below the typical 4.30%, 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.