The Finance Algorithm
Central West Credit Union Ltd logoCentral West Credit Union Ltd

$500+ (12m to 24m) I5

A fixed term deposit lets you earn a competitive interest rate on your money, over a set period of time.

Term depositsBank updated 7 Oct 2026
Apply at Central West CUL ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Best rate
2.85% for 17m
Min deposit
$500

How it compares

This term deposit in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This term deposit: 2.85%Every other institution's highest, 54 in all

Best rate for 2 years. One dot per institution, at its highest 2-year term deposit rate anyone can apply for; hover or tap a dot for its name.

RateThis term depositBest anywhereTypical institutionWhere it sits
2-year term depositBest rate for 2 years2.85%5.60%Judo Bank's Personal Term Deposits4.90%of 55 institutions53rd highest of 55

Rates

Every rate Central West Credit Union Ltd publishes for this term deposit, 4 in all.

Its best rate at each term

  1. 17 mo2.85%
  2. 547 days2.85%
  3. 2 yrstypical 4.90%2.85%
  4. 730 days2.85%
This term depositTypical institution's best for the term
TypeApplies toTermBandRateComparisonConditions
Fixed-547 days$500–$5,0002.85%-paid at maturity
Fixed-730 days$500–$5,0002.85%-paid at maturity
Fixed-17 mo$500–$5,0002.85%-paid at maturity
Fixed-2 yrs$500–$5,0002.85%-paid at maturity

Rate changes

4 changes logged, newest first.

DateRateWasNowChange
8 Oct 2026Fixed, 547 days, $500–$5,0002.75%2.85%up 0.10
8 Oct 2026Fixed, 730 days, $500–$5,0002.75%2.85%up 0.10
8 Oct 2026Fixed, 17 mo, $500–$5,0002.75%2.85%up 0.10
8 Oct 2026Fixed, 2 yrs, $500–$5,0002.75%2.85%up 0.10

Each change is logged the night it appears in the rates Central West CUL publishes. See how every lender answered the RBA on the rate tracker.

Features

RedrawExtra repayments
  • Interest calculated daily, paid at maturity

Eligibility and limits

  • Residency: Australian residents only
  • Minimum balance $500

Published by Central West CUL under the Consumer Data Right, last changed by them on 7 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.