Term Deposit

Make the most of your hard earned savings

We offer flexible and competitive Term Investment options to suit your investment needs.

Our competitive interest is calculated on a daily basis and can be paid at regular intervals (conditions apply) or on maturity to any account of your choice.

  •    –   You choose your investment term
  •    –   Flexible and competitive interest calculated daily
  •    –   Option of interest paid at regular intervals or on maturity
  •    –   You are advised of your options prior to maturity, including reinvesting for a further term

Money from term deposits are invested into your local community to help New Zealanders succeed together.

Term Deposit Rates – Effective 1 December 2019

Term $1,000 – $1,500,000
1 month 1.00% p.a.
2 month 1.00% p.a.
3 months 2.15% p.a.
4 months 2.35% p.a.
5 months 2.40% p.a.
6 months 2.70% p.a.
9 months 2.75% p.a.
12 months 2.70% p.a.
18 months 2.70% p.a.
24 months 2.80% p.a.
36 months 2.80% p.a.
48 months 2.85% p.a.
60 months 2.85% p.a.
– Interest is paid on maturity for terms less than 12 months
– Interest may be paid quarterly or compounded for terms 12 months      and over
Minimum shareholding is $1,000
– Maximum total shareholding permitted per customer is $1,500,000
– If an early withdrawal is approved by NZCU South, a reduced rate of    interest will apply as follows:
a) If a term deposit is withdrawn, in full or in part, within the first 30 days, 0% interest will be applied to the withdrawn portion.
b) Where the term deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the time the term deposit was opened, for the actual term the money was invested (as determined at our discretion), less 2%. The applicable interest rate will not reduce below 0%.
Interest rates are subject to change.
These Credit Union deposits are secured by a registered first ranking Trust Deed.

For more term investment information see;