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Summary

Enjoy interest of up to 0.45% on your investment with a BDCU Alliance Bank Term Deposit.

If you’re looking for a safe and secure way to invest $1,000 or more and enjoy a guaranteed return on your investment, a BDCU Alliance Bank Term Deposit could be the ideal solution.

Pros

Low minimum investment of $1,000
Automatic rollover option available
Special six month rate available for larger deposits

Cons

Can not access money until the term matures
No term lengths over 12 months

Details

Key details

Product Name	BDCU Alliance Bank Term Deposit - Discontinued
6 month interest rate	0.45%
12 month interest rate	0.45%
Minimum Opening Deposit	$1,000
Minimum age requirement	18
Government guarantee	Yes

Eligibility

Minimum Age Requirement	18
Joint account availability	No
Min Deposit	$1,000
Available to children	Not available for children

Key features

Minimum investment of $1,000

The minimum investment required to open a term deposit with BDCU Alliance Bank is $1,000.

6 or 12 month terms

You can choose either a 6 or 12 month term length.

Interest paid monthly, semiannually or at maturity

BDCU Alliance Bank offers a choice of three flexible interest payment options. You can have the interest your term deposit earns paid every month to provide an ongoing income stream, paid every six months to generate income twice a year, or paid annually.

Negotiable interest rates when you invest over $100,000

If you'd like to invest more than $100,000 in a BDCU Alliance Bank Term Deposit, you have the freedom to negotiate the interest rate you want with the bank.

Automatic rollover

If you do not provide any instructions to the bank before your term deposit matures, it will automatically be reinvested for the same term at the prevailing interest rate on offer for that term.

Launch term deposit calculator

How to apply

If you want to enjoy the security of consistent returns provided by a BDCU Alliance Bank Term Deposit, click on one of the "Apply Now" links featured on this page. You will be taken to the BDCU Alliance Bank website so you can browse the terms and conditions of this account and download an application form.

Application options

Although you can't open an account online, there are three other ways you can apply for an account:

Download a form. Click the relevant download link on the BDCU Alliance Bank website to access an application form. You can then fill out the form and submit it by post or by visiting your nearest BDCU Advice Centre.
Visit an advice centre. To receive personalised advice in a face-to-face setting, you can apply by visiting a BDCU Alliance Bank advice centre.

Apply over the phone. You can apply over the phone by calling the bank's customer service hotline.

Documentation needed

New customers must provide ID before they can open an account with BDCU Alliance Bank. Your driver's licence, proof-of-age card or passport are three of the most commonly accepted forms of ID, but contact the bank for details of other options if you can't supply any of the above.

Eligibility

You will need to satisfy a couple of simple criteria in order to open a BDCU Alliance Bank Term Deposit:

Residency requirement. You must be an Australian citizen or permanent resident to open an account.
Deposit requirement. You must invest at least $1,000 to open a BDCU Alliance Bank Term Deposit.

If you want a competitive interest rate and guaranteed returns, a BDCU Alliance Bank Term Deposit could be just what you need. However, compare interest rates, features and fees across a wide range of term deposits to find the right investment account for you.

Compare other products from BDCU Alliance Bank

BDCU Alliance Bank savings accounts

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BDCU Alliance Bank Term Deposit

Pros

Cons

Key features

Minimum investment of $1,000

6 or 12 month terms

Interest paid monthly, semiannually or at maturity

Negotiable interest rates when you invest over $100,000

Automatic rollover

How to apply

Application options

Documentation needed

Eligibility

Compare other products from BDCU Alliance Bank

Your reviews

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