Finty
Central West Credit Union

Central West Credit Union $5000+ (3m to <6m) I6

2 termsFixed rate

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

Minimum deposit
$5,000
Maximum deposit
Not published
Terms offered
2

Rate a year, up to

For 90–179 days

Open account

Rates by term

TermAmountInterest paidRate a year
90–179 days$5,000 to $50,000At maturity3.25%
3–5 months$5,000 to $50,000At maturity3.25%
90–179 days$50,000 to $1,000,000At maturity3.25%
3–5 months$50,000 to $1,000,000At maturity3.25%

How it compares

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

3 months rate

3.25%

A typical 3 months rate is 4.30%.

Minimum deposit

$5,000

A typical minimum is $2,000.

Pros and cons

Pros

Nothing stands out.

Cons

  • A lower rate. 3.25% 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.