Skip to main content

Do you have cash that you don't need access to immediately?

Our term deposit accounts offer competitive rates over various fixed interest terms so you can tailor your investment to your needs.

3.55 % p.a.

Features

Product Features:

Term Deposits
Minimum Amount : $1,000
Term : 3 months to 24 months
Interest Frequency : Interest Paid on Maturity or 6 Monthly
Term Deposits (minimum $1000) Interest rate
Paid on maturity or 6 monthly
Interest rate
Paid 4 weekly on amounts over $5,000
3 months 2.70% p.a. N/A
4 - 5 months 2.70% p.a. N/A
6 - 11 months 3.20% p.a. N/A
12 - 23 months 3.45% p.a. 3.40% p.a.
24 months 3.45% p.a. 3.40% p.a.
Document or Information View or Download
Fees, charges and limits Learn more →
Target market determinations Learn more →
Interest rates Learn more →
Important documents Learn more →
Calculators Learn more →

Compare our savings accounts

Find out all the key features for our savings products.

Start your application today

Joining Transport Mutual and opening a new account is quick and straightforward. Follow these simple steps to get started

Calculators

Get some fast indicative answers about your savings with this easy calculator. See how your savings can grow with regular monthly deposits.

View all our online calculators →

FAQs

Got a question? View all our FAQs here.

You don't have to be a member, however you will become a member once you open an account with us.

You can arrange to make deposits to your account byL

  • direct credit of payroll or other income;
  • transfer from another savings or transaction account;
  • Internet banking transfer;
  • over the counter at any one of our branch

Statements are issued six monthly or as requested. Accounts can be accessed via our Banking App and Internet Banking.

Why Transport Mutual?

We’ve been helping transport workers, their families, and the wider community reach their financial goals for over 50 years. As a member-owned credit union, everything we do is designed to benefit you - not big bank profits.

We are here to help

  • 1 This example is the optimum rate, the term and amount of deposit will result in a different rate. Check the key features for further information.
  • 2 Either, the exact number of months needs to be specified (ie. 4, 5 or 6 months, etc.), or alternatively, a preferred maturity date.
  • 3 For deposits over 12 months interest will be paid at least once a year. Interest payable options of 4 weekly or 6 monthly are also available.

Terms and conditions, fees and charges and approval conditions apply.