Now everyone can open a term deposit

Our term deposit rates keep getting bigger and better and now everyone can take advantage of our great interest rates. See our term deposit interest rates to select the term for you.

Until recently, our products have only been available to the teaching community, education students and their families, who are eligible to join as members of Teachers Credit Union.

Now, for the first time in our long history as a financial services provider, we are making our very competitive term deposits available to anyone seeking to boost the return on their funds. Why? At our last Annual General Meeting (AGM), the constitution was changed to allow us to take deposits from Customers (non-Members).

Customers are only able to open a term deposit and are not able to become Members unless they are eligible.

Members can share the benefits of Teachers Credit Union with more than just their family. Friends and colleagues can also lock in a great return.

no account keeping fees
terms from 3 months to 36 months
a higher rate if you're an Edvest Member (Members only)
minimum deposit $1,000
interest can be paid fortnightly (Edvest Members only), monthly, 12 monthly or at maturity

To apply:

Customers can call 13 12 21 8am to 7pm, weekdays or 9am to 3pm, Saturday.
Members can apply for a term deposit here.

Member terms and conditions
Customer terms and conditions

Interest rates