Finty
Unity Bank

Unity Bank Term Deposit

19 termsFixed rate

With a Term Deposit your money is invested for a fixed period of time with a guaranteed rate of return. Term deposit rates vary depending on the frequency of interest payments and the length of time.

Written byDavid Boyd

5.55%

a year, up to, for 2 years

Minimum deposit
$1,000
Maximum deposit
Not published
Terms offered
19

Rates by term

TermInterest paidRate a year
1 monthMonthly3.00%
2 monthsMonthly3.25%
2 monthsMonthly3.20%
3 monthsMonthly5.10%
3 monthsMonthly5.05%
4 monthsMonthly4.80%
4 monthsMonthly4.75%
5 monthsMonthly4.80%
5 monthsMonthly4.75%
6 monthsMonthly5.35%
6 monthsMonthly5.30%
7 monthsMonthly5.20%
7 monthsMonthly5.10%
8 monthsMonthly5.20%
8 monthsMonthly5.10%
9 monthsMonthly5.35%
9 monthsMonthly5.25%
10 monthsMonthly5.25%
10 monthsMonthly5.10%
11 monthsMonthly5.25%
11 monthsMonthly5.10%
1 yearMonthly5.50%
1 yearMonthly5.40%
13 monthsYearly5.50%
13 monthsMonthly5.40%
18 monthsYearly5.50%
18 monthsMonthly5.40%
2 yearsYearly5.55%
2 yearsMonthly5.40%
30 monthsYearly5.55%
30 monthsMonthly5.40%
3 yearsYearly5.20%
3 yearsMonthly5.05%
4 yearsYearly5.20%
4 yearsMonthly5.00%
5 yearsYearly5.20%
5 yearsMonthly5.00%

Deposit amount on every term: $1,000 to $9,999,999.

How it compares

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

1 year rate

5.50%

A typical 1 year rate is 5.25%.

Minimum deposit

$1,000

A typical minimum is $2,000.

Pros and cons

Pros

  • A higher rate. 5.50% for 1 year, above the typical 5.25%, so your money earns more over the term.
  • Monthly interest. You can have interest paid each month, which suits living off the interest.
  • Plenty of terms. 19 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.