Finty
Warwick Credit Union

Warwick Credit Union Fixed Term Deposits

1 termFixed rate

Take advantage of great returns on our term deposits

Written byDavid Boyd
Minimum deposit
$200,000
Maximum deposit
$500,000
Terms offered
1

Rate a year, up to

For 1 year

Open account

Rates by term

TermInterest paidRate a year
1 yearAt maturity5.40%

Deposit amount on every term: $200,000 to $500,000.

How it compares

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

1 year rate

5.40%

A typical 1 year rate is 5.25%.

Minimum deposit

$200,000

A typical minimum is $2,000.

Pros and cons

Pros

  • A higher rate. 5.40% for 1 year, above the typical 5.25%, so your money earns more over the term.

Cons

  • A higher minimum. You need at least $200,000, more than the typical $2,000.
  • 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.