Goulburn Murray Credit Union Monthly Income Term Deposit - 12 Months
1 termFixed rate
a 12 month, monthly income term deposit available to invest your money and earn a fixed rate of interest. Interest is paid monthly into a gmcu account.
- Minimum deposit
- $3,000
- 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 | $3,000 to $4,999 | Monthly | 0.25% |
| 1 year | $4,999 to $1,000,000 | Monthly | 5.05% |
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.05%
A typical 1 year rate is 5.25%.
Minimum deposit
$3,000
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
- 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
- 5.05%
- Minimum deposit
- $50,000
- Rate a year
- 5.00%
- Minimum deposit
- $5,000
- Rate a year
- 5.10%
- Minimum deposit
- $2,000
