1300 13 22 77
Today’s savings. Tomorrow’s earnings.
Term Deposit 5.15% p.a.1 for 12 months
12 Months
Term Deposit Special
5.15%p.a. 1
Available for new money only, minimum deposit amount $10,000 up to $1 million. Deposits over $1 million subject to approval.
Take advantage of great returns with our limited time 12 month Term Deposit specials. Rates like this don’t stick around — apply now before it’s withdrawn.
How to apply
You can apply online by selecting the buttons above, over the phone or by visiting one of our financial services stores. If you’re applying in the name of a business, call us on 1300 13 22 77. Please note that we cannot accept cheques at Community First stores or via mail.
Predictable
Whether you’re a personal investor or SMSF, lock in your interest rate for a 12 month term and enjoy secure returns.
Secure
Eligible deposits up to $250,000 are protected under the Australian Government’s Financial Claims Scheme.
Features
$0
Monthly fee
No ongoing monthly fees to keep things simple.
12
Months
The term is for 12 months only to qualify for the specials.
$10,000
Minimum investment
Invest from $10,000 – $1,000,0002.
Calculate your returns
Using our term deposit calculator, you can see what returns you can expect based on different amounts and terms.
Term deposit calculator
Frequently asked questions
To earn the new money special rates on this page, a minimum investment of $10,000 in new deposits is required. If you’d like to explore options for smaller deposit amounts, you can view all available rates here.
Once your term deposit is opened, you can’t add additional funds until it matures. However, you’re welcome to open a new term deposit at any time.
When your term deposit reaches maturity, you’ll have the option to reinvest your funds for the same term at the current standard Term Deposit rate available on that day, invest your funds for a different term, or withdraw your money. We’ll contact you before your maturity date so you have time to decide what works best for you.
Term deposits are designed to be held for the full term. If you need to access your funds before maturity, an early withdrawal interest penalty may apply, and we may require up to 7 days’ written notice before releasing your funds.
Yes, you can have more than one term deposit, each with different rates and terms to fit your goals. To be eligible for the special however, you’ll need to have at least $10,000 in new funds per Term Deposit – see our Terms and conditions for more information. Just remember, the Australian Government’s Financial Claims Scheme protects up to $250,000 per person, per bank, covering the total balance you hold across all accounts with that bank.
Offer terms and conditions
1Rate is effective as at 20/03/2026 and is available until 31/05/26 or until limited allocation is reached. Offer can be withdrawn or changed at any time. Rates are for deposits between $10,000 and $1 million. If you seek an early release of your term deposit prior to its maturity date, an early withdrawal interest penalty may apply. Term Deposits are available to be withdrawn at maturity. We may require up to 7 days written notice of your intention to make an early withdrawal. This offer is available only for new term deposits and applies only to funds that have not been held with Community First Credit Union (Operating as Community First Bank) or its affiliated brands, Illawarra Credit Union and Easy Street, within the 14 days preceding the date of your enquiry regarding this offer. Other offer conditions as highlighted.
2We also have rates available for amounts greater than $1 million, however these are subject to approval. For other amounts and periods not within this special offer, please refer to our website. Please reach out to our contact call centre on 1300 13 22 77 for more information. You can view Target Market Determinations here .