LCU Monthly Interest 12 Month Term Deposit
6 termsFixed rate
Get a monthly income on your investment
- Minimum deposit
- $1,000
- Maximum deposit
- $500,000
- Terms offered
- 6
Rate a year, up to
For 1 year
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 3–5 months | Monthly | 3.50% |
| 6–11 months | Monthly | 4.00% |
| 1 year | Monthly | 4.90% |
| 13–23 months | Quarterly | 4.90% |
| 24–35 months | Monthly | 4.30% |
| 3 years | Monthly | 4.20% |
Deposit amount on every term: $5,000 to $2,000,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
4.90%
A typical 1 year rate is 5.25%.
Minimum deposit
$1,000
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.
- Plenty of terms. 6 terms to choose from, so you can match the term to when you'll need the money.
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
- 4.90%
- Minimum deposit
- $1
- Rate a year
- 4.90%
- Minimum deposit
- $5,000
- Rate a year
- 4.90%
- Minimum deposit
- $5,000
