BSB 805 050

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BSB 805 050

Business Term Investments

A safe and secure way to invest your money and earn a great interest rate on your business' savings

High Interest Rate

Up to 3.20%p.a.

No Monthly Fee

$0

If you have a lump sum of money you won’t need to access for a period of time, a Term Investment might be just the answer. A Term Investment offers competitive interest rates that are ‘locked in’ for the term of the investment, making this a secure way to invest your money and earn a great return.

Fixed terms start from two months up to five years. And you only need $5,000 to get started.

All deposits with People’s Choice Credit Union are protected by the Financial Claims Scheme, so you know your money is in safe hands.

To work out how much you can save and how long it will take you, visit our savings calculator.

  • For investments of one year or more interest can be paid annually, half yearly, quarterly, monthly or every 28 days
  • For investments less than a year interest is paid at maturity
  • Any deposit with People’s Choice Credit Union is protected by the Financial Claims Scheme, which guarantees deposits of up to $250,000 
  • You have the security of a fixed rate for a fixed term
  • You can view your Term Investment at any time via Internet Banking or with the People’s Choice Smartphone App

To open your new Business Term Account, call 13 11 82, visit your nearest branch or arrange to chat with one of our business consultants.

For rates on investment amounts $500,000 + above please phone 13 11 82 or visit your nearest branch.

Term Investment Accounts (Interest at Maturity)

Term $5,000 - $999,999
2 < 3 months 1.75% p.a.
3 < 4 months 2.20% p.a.
4 < 5 months 2.30% p.a.
5 < 6 months 2.40% p.a.
6 < 7 months 2.40% p.a.
7 < 8 months 2.40% p.a.
8 < 9 months 2.40% p.a.
9 < 10 months 2.65% p.a.
10 < 11 months 2.40% p.a.
11 < 12 months 2.40% p.a.
100 day 2.70% p.a.

Term Investment Accounts (Interest Monthly)

Term $5,000 - $999,999
1 < 2 years 2.67% p.a.
2 < 3 years 2.76% p.a.
3 < 4 years 2.96% p.a.
4 < 5 years 2.96% p.a.
5 years 2.96% p.a.

Term Investment Accounts (Interest Annually)

Term $5,000 - $999,999
1 < 2 years 2.70% p.a.
2 < 3 years 2.80% p.a.
3 < 4 years 3.00% p.a.
4 < 5 years 3.00% p.a.
5 years 3.00% p.a.

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Product Summary

Account Purpose

Interest

Number of Monthly Free Transactions

Free Transaction Items

Excess Items Charge

Unlimited Free Access

Additional Fees on:

Access to Account

Business Visa Debit Insurance Cover

Optional Cheque Facility

Optional Overdraft

Minimum Opening Deposit

Funds At Call/Term

Interest Frequency

 

A safe and secure way to invest your money and earn a great interest rate on your business' savings

Account Purpose

A Business Term Investment is a safe and secure way to invest your money and earn a great interest rate on your savings. Designed for members wanting to make the most of their savings by locking their funds away for a fixed term.

Interest

Up to 3% p.a.

Number of Monthly Free Transactions

N/A

Free Transaction Items

N/A

Excess Items Charge

N/A

Unlimited Free Access

N/A

Additional Fees on:

N/A

Access to Account

N/A

Business Visa Debit Insurance Cover

N/A

Optional Cheque Facility

Optional Overdraft

Minimum Opening Deposit

$5,000

Funds At Call/Term

Terms 2 months to 5 years
Withdrawal at maturity

Interest Frequency

At Maturity or annually for Terms greater than 1 year

An account ideal for businesses that are processing large amounts of transactions

Account Purpose

A business account designed for high-transacting businesses and not-for-profit organisations offering a large number of free transactions each month.

Interest

Nil

Number of Monthly Free Transactions

40 free items

Free Transaction Items

Branch and Agency withdrawals, Cheque Deposits, Direct Debits, EFTPOS transactions and rediATM withdrawals

Excess Items Charge

$1.50

Unlimited Free Access

BPAY payments, Cash Deposits (excluding coin), Internet and Phone Banking

Additional Fees on:

Coin Deposits, Cheque Presentations, non-rediATM withdrawals

Access to Account

Visa Debit or 
Business Visa Debit

Business Visa Debit Insurance Cover

Unauthorised Transaction Insurance

Optional Cheque Facility

 $0.95 per cheque presentation

Optional Overdraft

Minimum Opening Deposit

$0

Funds At Call/Term

At Call

Interest Frequency

N/A

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Ideal for community and not-for-profit clubs or organisations that process a low volume of transactions and want to earn a competitive interest rate on at call funds

Account Purpose

A business account designed for businesses and not-for-profit organisations that only perform a low amount of transactions each month. This account offers a small amount of free transactions per month and competitive interest rates on your funds.

Interest

Up to 1.2% p.a.

Number of Monthly Free Transactions

20 free items

Free Transaction Items

Branch and Agency withdrawals, Cheque Deposits, Direct Debits, EFTPOS transactions and rediATM withdrawals

Excess Items Charge

$1.50

Unlimited Free Access

BPAY payments, Cash Deposits (excluding coin), Internet and Phone Banking

Additional Fees on:

Coin Deposits, Cheque Presentations, non-rediATM withdrawals

Access to Account

Visa Debit or
Business Visa Debit

Business Visa Debit Insurance Cover

Unauthorised Transaction Insurance

Optional Cheque Facility

 $0.95 per cheque presentation

Optional Overdraft

Minimum Opening Deposit

$0

Funds At Call/Term

At Call

Interest Frequency

N/A

Remove

A high interest business online savings account that comes with no monthly account keeping fees

Account Purpose

An online business savings account that allows you to access your funds via Internet and Smart Phone Banking. With competitive interest rates and no monthly account fees.

Interest

Up to 1.75% p.a.

Number of Monthly Free Transactions

N/A

Free Transaction Items

N/A

Excess Items Charge

N/A

Unlimited Free Access

BPAY payments, Internet and Phone Banking

Additional Fees on:

N/A

Access to Account

Online Access Only

Business Visa Debit Insurance Cover

N/A

Optional Cheque Facility

Optional Overdraft

Minimum Opening Deposit

$0

Funds At Call/Term

At Call

Interest Frequency

Monthly

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hi…

Thank you for your enquiry. Unfortunately we don’t have a Business Banker based in this area, so please call us on 13 11 82 to see how we can still help you.

Not what you're looking for?

For rates on investment amounts $500,000 and above please contact us.

Rates quoted are current at date of issue and may change without notice. Interest is calculated daily and paid at maturity for terms of less than 12 months. For terms of greater than 12 months interest is calculated daily and paid either monthly or annually. Quarterly, six monthly and 28 day rates are also available on application. Interest can be reinvested or paid to a People’s Choice Credit Union Transaction or Savings account.

Terms, conditions, fees and charges apply and are available on application.

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

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