Finty
Transport Mutual Credit Union

Transport Mutual Credit Union I24_12_to_23_mths_int_4_wkly

1 termFixed rate

A term deposit from Transport Mutual Credit Union, paying up to 3.45% a year, with 1 term to choose from.

Written byDavid Boyd
Minimum deposit
$1,000
Maximum deposit
Not published
Terms offered
1

Rate a year, up to

For 12–23 months

Open account

Rates by term

TermInterest paidRate a year
12–23 monthsMonthly3.45%

Deposit amount on every term: $5,000 to $1,000,000.

How it compares

Against the other 1 year term deposits we compare. Typical means the middle half of them.

1 year rate

3.45%

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.

Cons

  • A lower rate. 3.45% for 1 year, below the typical 5.25%, 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.