To open an account, you’ll need to be an Australian resident, aged 18 or over, with valid ID. If you’re not already a member, you’ll join as part of your application.
Term Deposits that support your goals
Our term deposit accounts offer competitive rates over various fixed interest terms so you can tailor your investment to your needs.
Term Deposit Rates
Rates current as at 05th June 2025
| Term Deposits (minimum $1000) | Interest rate Paid on maturity or 6 monthly |
Interest rate Paid 4 weekly on amounts over $5,000 |
| 3 months | 3.00% p.a. | N/A |
| 4 - 5 months | 3.00% p.a. | N/A |
| 6 - 11 months | 3.20% p.a. | N/A |
| 12 - 23 months | 2.90% p.a. | 2.85% p.a. |
| 24 months | 2.90% p.a. | 2.85% p.a. |
| Edvest Members term deposit |
Interest rate |
| 12 - 23 months | 2.95% p.a. |
| 24 months | 2.95% p.a. |
Product Features:
Term Deposits |
|
|---|---|
| Minimum Amount : | $1,000 |
| Term : | 3 months to 24 months |
| Interest Frequency : | Interest Paid on Maturity or 6 Monthly |
| 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.
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.
