Transactional & Savings Accounts
Everyday Account (S1)
This is an everyday transaction and savings account which you can use for your day to day banking. This Account gives you full access to all of our Branches, Call Centre, ATMs and Digital channels and as you balance builds it pays higher interest.
Conditions, Fees and charges apply, see below.
Budget Account (S2)
This account enables you to have separate accounts for different purposes. You may want to put money aside for bills or to save for a specific item. If you maintain a balance of $250 or more for the whole month the Account Fee is reduced to Nil.
Conditions, Fees and charges apply, see below.
Christmas Club Account (S3)
This account that can be used for saving money throughout the year. You then use this money for Christmas presents, holidays or other special occasions.
Conditions, Fees and charges apply, see below.
Family / Clan / Group Account (S4)
This account that can be used by a whole family, clan or group (Sporting Club, etc). It can be set up so that multiple signatures are required to access the money in this account. This account is useful for families or clan groups who receive money or income such as royalties that are paid to the whole family rather than an individual.
Conditions, Fees and charges apply, see below.
Student Account (S6)
Transaction Account designed for students aged between 13 and 18 years.
Conditions, Fees and charges apply, see below.
Child Account (S9)
This account is designed for children from birth to age 12. This account can be opened by a parent or guardian on behalf of a minor. Both the child and the parent or guardian must provide identification on opening of the account.
Conditions, Fees and charges apply, see below.
Basic Account (S10)
This account is an everyday low fee transaction account for eligible recipients of Centrelink payments such as Youth Allowance, Newstart or Pensions. The Account is designed for access by electronic channels such as Internet and Mobile Banking, EFTPoS and ATMs. Although in emergencies you can use a Branch, however this will incur additional Fees.
Conditions, Fees and charges apply, see below.
Refer to our Account Information and Access Facility Terms and Conditions – Personal & Business Accounts brochure and Interest Fees and Charges Brochure – Personal Savings & Term Deposit Accounts for full details.
Refer to Annual Reports and other Regulatory Disclosures for Product Target Market Determinations.
Investments
Term Deposits
Term Deposits are used to put your money aside and to earn you interest on your money. If you receive a special payment for something such as a tax return, Centrelink bonus or royalty payment, you can put some or all of that money aside in a term deposit so that it lasts longer and you earn some interest on it.
IMPORTANT INFORMATION
• As an example, if you deposit $5,000 in a Term Deposit for 12 months at an interest rate of 4.00%, when your deposit matures it will be worth $5,200. If you then compound your interest and reinvest the term deposit for a further 12 months your deposit will be worth $5,408.
• Term Deposits can be opened at any TCU Branch.
• Term Deposits can be lodged from as little as 30 days to as much as 2 years.
• A minimum deposit of $500 is required to open a Term Deposit for 3 months or more.
• Funds are fixed and cannot be withdrawn until the term has expired.
• A minimum deposit of $50,000 is required to open a Term Deposit for less than 3 months.
• Interest is calculated daily and paid on maturity and can be paid directly to an account or compounded and added to the term deposit. Fees and charges apply.
Refer to our Account Information and Access Facility Terms and Conditions – Personal & Business Accounts brochure and Interest Fees and Charges Brochure – Personal Savings & Term Deposit Accounts for full details.
Refer to Annual Reports and other Regulatory Disclosures for Product Target Market Determinations.