Special Term Deposit Rate


Looking for a competitive term deposit rate?

We're offering new 12 month term deposits a special interest rate of 1.95% pa.*

It will be hard to find a more competitive interest rate! Use the promo code 'ONLINE21' to get this incredible rate.

If you would like to know more about our term deposits, contact our team on 0800 234 778.


Terms and Conditions

  • The special rate of 1.95% p.a. applies to the first $20 million of new funds deposited. i.e. first in first served, once the $20 million has been met, FCU’s normal carded rates will apply.
  • Minimum deposit of $5,000.
  • Maximum deposit of $1,000,000.
  • Must be a new FCU deposit. Top-up of existing deposits or moving funds from an existing FCU savings account are excluded. First Credit Union’s standard carded rates will apply.
  • Term of the deposit is 12 months. If an early withdrawal is approved by First Credit Union, a reduced interest rate will apply as follows:
    • Where the deposit is withdrawn, in full or in part, before the maturity date a reduced interest rate will be applied using the date the deposit was opened, for the period of time the money was invested.


First Credit Union’s Product Disclosure Statement is available free of charge at any branch.