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Savings and Term Deposits

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Instant budgeting. Just add cash and stir. Smart ideas to help you manage your money and balance your budget.

You can attach five sub-accounts to your daily access account to divide your money for budgeting. For example, you can have separate sub-accounts to keep money for bills, groceries, loan repayments, clothes, birthdays, holidays or whatever captures your fancy.

Choose a Product

SCU Savings & Term Deposits

Access Savings Accounts

A day-to-day account offering easy access to your funds.

  • No minimum opening balance
  • Convenient 24 hr access
  • Flexible
  • Simple to open, simple to operate

Up to 0.10%1 pa
interest rate

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open a scu savings account

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  Additional Information
Access Savings Accounts
Minimum opening balance No minimum
Funds available at call Yes
Cheque book Yes
EFTPOS/ATM Access rediCARD Yes
Home Banking via Internet or Telephone Yes
Direct Entry (Credit/Debit) Credit and Debit
Interest Income Calculated on the minimum monthly balance
Paid annually 30 June
Visa Debit Card Access Yes
Over-the-counter Transactions Yes
BPAY Yes
Periodic Payments Yes
Overdraft Yes

Cash Management Account

An account which offers you one of our highest at-call interest rates.

  • Great interest rates
  • Flexible
  • At call access after 24 hours
  • Online access, branch, etc

Up to 1.60%1 pa
interest rate

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  Additional Information
Cash Management Account
Minimum opening balance $5,000
Funds available at call Deposits lodged minimum 24 hours and thereafter at call.
Cheque book No
EFTPOS/ATM Access rediCARD No
Home Banking via Internet or Telephone Yes
Direct Credit Yes
Interest Income Calculated daily, paid monthly
Visa Debit Card Access No
Over-the-counter Transactions Yes
BPAY No
Periodic Payments No

Money Market Account

Our Money Market Account is a market-linked investment account paying a high rate of interest.

  • High interest rates
  • Money at call
  • Online, phone and branch access
  • Simple to open and operate

Up to 3.75%1 pa
interest rate

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Apply now for a scu account

savings calculator

  Additional Information
Money Market Account
Minimum opening balance $5,000
Funds available at call Yes
Cheque book No
EFTPOS/ATM Access rediCARD No
Home Banking via Internet or Telephone Yes
Direct Entry (Credit/Debit) Credit only
Interest Income Calculated daily, paid monthly
Visa Debit Card Access No
Over-the-counter Transactions Yes
BPAY No
Periodic Payments No

Motivator Savings Account

Keep depositing money without withdrawing for a bonus interest rate.

  • Extra bonus rate with monthly deposit and no withdrawals
  • Open an account with as little as $1
  • Get to your savings goal sooner
  • At call access if you need it

Up to 4.25%2 pa
interest rate

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  Additional Information
Motivator Savings Account
Minimum opening balance No minimum
Funds available at call Yes
Cheque book No
EFTPOS/ATM Access rediCARD No
Home Banking via Internet or Telephone Yes
Direct Credit Yes
Interest Income Calculated daily, paid monthly
Visa Debit Card Access No
Over-the-counter Transactions Yes
BPAY Yes
Periodic Payments Yes

Christmas Club Account

Earn a high rate of interest and avoid the temptation of dipping into your savings.

  • Great interest rate
  • Have money for Christmas
  • Withdrawals restricted until 1 Nov
  • Don't use your credit card

1.50%3 pa
interest rate

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open a christmas club account

christmas calculator

  Additional Information
Christmas Club Account
Minimum opening balance No minimum
Funds available at call Only between 1 November - 31 January
Cheque book No
EFTPOS/ATM Access rediCARD No
Home Banking via Internet or Telephone Yes
Direct Entry (Credit/Debit) Credit only
Interest Income Calculated daily
Paid annually 30 November
Visa Debit Card Access No
Over-the-counter Transactions Yes
BPAY No
Periodic Payments No

Super Saver Account

Introduce your children to managing their money and learning how to save. You can split your child's funds into sub-accounts to assist in finding that balance between giving your children access to their money, and preventing them from emptying their account on whatever is cool this week.

  • No minimum opening balance
  • 99 free transactions
  • Range of sub accounts available
  • Limit ATM access to keep savings safe

0.50%3 pa
interest rate

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Apply now for a scu childrens saving account

savings calculator

  Additional Information
Super Saver Account
Minimum opening balance No minimum
Funds available at call Yes
Cheque book As decided by Guardian
EFTPOS/ATM Access rediCARD Yes (access can be limited)
Home Banking via Internet or Telephone As decided by Guardian
Direct Entry (Credit/Debit) As decided by Guardian
Interest Income Calculated on the minimum monthly balance
Paid annually 30 June
Visa Debit Card Access As decided by Guardian
Over-the-counter Transactions As decided by Guardian
BPAY As decided by Guardian
Periodic Payments As decided by Guardian

BU Account

If you're 13-17, this account gives you a high level of independence and control over your money.

  • No minimum opening balance
  • Minimal transaction fees
  • Range of sub accounts available
  • Simple to open

0.50%3 pa
interest rate

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Apply now for a scu student savings account

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  Additional Information
BU Account
Minimum opening balance No minimum
Funds available at call Yes
Cheque book Yes
EFTPOS/ATM Access rediCARD Yes
Home Banking via Internet or Telephone Yes
Direct Entry (Credit/Debit) Credit and Debit
Interest Income Calculated on the minimum monthly balance
Paid annually 30 June
Over-the-counter Transactions Yes
BPAY Yes
Periodic Payments Yes

Pensioner Aware Accounts

Allows you to earn interest on your money - without it counting towards your income.

  • Access cheque book, card, etc
  • No impact on your pension
  • Convenient 24 hr access
  • Flexible and simple to operate

Up to 4.50%4 pa
interest rate

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open a scu pensioners aware account

pensioner calculator

  Additional Information
Pensioner Aware Accounts
Minimum opening balance $1
Funds available at call Yes
Cheque book Yes
EFTPOS/ATM Access rediCARD Yes
Home Banking via Internet or Telephone Yes
Direct Entry (Credit/Debit) Credit and Debit
Interest Income Calculated daily, paid monthly
Visa Debit Card Access Yes
Over-the-counter Transactions Yes
BPAY Yes
Periodic Payments Yes

Term Deposit Accounts

We’ll pay you a generous interest rate on deposits between 3 months and 5 years.

  • Invest from 3 months to 5 years
  • Higher interest on higher amounts
  • Ideal for short term investments
  • Interest calculated daily

Up to 5.20%5 pa
interest rate

View our interest rates

open a scu term deposit

 

  Additional Information
Term Deposit Accounts
Availability of funds Funds withdrawable at maturity
Minimum to open $5,000
Interest income Interest calculated on a daily basis, paid at maturity or weekly/fortnightly/monthly to your nominated account.
Early access available On application and subject to early withdrawal restrictions above
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Questions?

If you have any questions, please contact us find out more about scu savings accounts

1 Conditions apply to all accounts. Interest rate varies depending on the balance held. Refer to our Savings rates for details.
2 Conditions apply. Interest rate varies depending on the balance held and on the number of deposits and withdrawals each month. Refer to our Savings Rates for details.
3 Conditions apply to all accounts. Refer to our Savings Rates for details.
4 Interest rate varies depending on the balance held and the status of the account (joint or single). Refer to our Savings Rates for details.
5 Interest rate varied with the term of the investment, the balance deposited and the frequency of interest payments. Refer to our Term Deposit Rates for details.