The Credit Union is a mutual financial services organisation and as such is owned by its Members, each of whom is a shareholder. Therefore you must be a Member of the credit union to open a Term Deposit. Learn more about becoming a member.

You can open an account with a minimum of $1,000.

You can make deposits to your Term Deposit account by either direct deposit or transfer from your savings account. Transfers will be accepted by fax or letter.

Your funds are available at the end of your chosen term. At the end of your chosen term you can prearrange to withdraw your money either by transfer to existing accounts, or cheque withdrawals via fax.

At maturity you can:

  • Automatically re-invest your funds for another term
  • Add extra funds
  • Withdraw all or part of the funds

You must tell us what to do with your deposit at the end of the term (if not, we will re-invest it for another term at the rate applicable to that term of deposit at that time).

Statements are issued at least six monthly. More frequent or duplicate statements can be requested at any time, however a fee may apply for duplicate statements.

Account Balances and Statements are also available through our internet and telephone banking services.

If you have any questions

Why choose Transport Mutual Credit Union?