Term Deposit

Enjoy savings & guaranteed growth.

what's included.

With an Illawarra Credit Union Term Deposit, you'll enjoy:

Lock it.

Higher rates of interest when you lock your money away.


Choice of investment terms from 1 month - 1 year.


Choose your interest frequency on maturity or monthly.

On maturity1.

If your interest is being paid on maturity, you can choose for it to be paid into your transaction account or reinvested to grow your savings.

Don’t wait, open an account now

Open your term deposit in about 10 mins.

Already bank with us?

It’s simple, apply through Internet Banking with your existing details. Can’t remember? No problem, just call us and we’ll help get you started.

New to Illawarra Credit Union?

Have your Documents to prove your identity (POI) handy.

Get started

Hit ‘open now’ to complete the application form, we’ll complete your ID check & get you started with your new account.

Open now

Interest & Fees

Interest rates are subject to term deposit principal and term of investment. Interest is calculated daily on closing credit balance, and will be paid either monthly or at maturity. Fixed interest rate for the term of the investment.

For longer term periods, please contact us directly on 13 22 49.

Privilege Plus Club members receive an extra 0.10% (on balances less than 100K) on Interest on Maturity TDs.

Early withdrawal fees and interest penalties may apply.

For additional information on our fees, refer to our Fees, Charges and Transaction Limits brochure.


Interest on Maturity
$1,000 – $24,999 $25,000- $49,999 $50,000 +
1 month 0.10% p.a. 0.10% p.a. 0.10% p.a.
2 months 0.60% p.a. 0.70% p.a. 0.80% p.a.
3 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
4 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
5 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
6 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
7 months 0.40% p.a. 0.50% p.a. 0.60% p.a.
8 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
9 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
10 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
11 months 0.25% p.a. 0.25% p.a. 0.25% p.a.
12 months 0.55% p.a. 0.65% p.a. 0.75% p.a.
Monthly Interest
$1,000 – $24,999 $25,000 – $49,999 $50,000+
12 months 0.50% p.a. 0.60% p.a. 0.70% p.a.

important notes

1. Only available for term deposits where interest is paid on maturity.

Illawarra Credit Union Limited is the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees, Charges and Transaction Limits brochure for current details.

Government Guarantee

We’re an Authorised Deposit-Taking Institution (ADI), which means our members can rest assured that their balances of up to $250,000 are guaranteed by the Australian Government.