Latest Loan Rates

Get more out of your money with our fantastic loan rates.

LOAN TYPE INTEREST RATE (Reducing Balance)
New Vehicle 0.49%-0.6%
Character 1%
RORO/Used Vehicle 1%
1ST Mortgage 0.5%
2ND Mortgage 0.58%
Fully-secured 0.75%

All rates are subject to change without notice.

Fixed Deposits

A Fixed Deposit account is less liquid than a savings account, meaning you must invest your money for a specific length of time. The longer the duration and the higher the investment amount, the greater the interest rate. If you withdraw your money early, you pay a penalty.

Rate of Return on Shares

The rate of return on shares for 2017 was 3%.

Notes on Fixed Deposits

  • Certain Share Holding Conditions Apply for Fixed Deposit Qualification
  • Interest is credited quarterly OR on the end of the Fixed Deposit

Fixed Deposit Rates

Duration Annual rate Deposit
 One Year Term 0.75% Up to $250,000
0.75% More than $250,000 and up to $500,000
1.00% More than $500,000 and up to $1,000,000
1.25% More than $1,000,000
Three Years Term 1.20% Up to $250,000
1.40% More than $250,000 and up to $500,000
1.60% More than $500,000 and up to $1,000,000
2.00% More than $1,000,000
Five Years Term 1.80% Up to $250,000
2.05% More than $250,000 and up to $500,000
2.25% More than $500,000 and up to $1,000,000
2.50% More than $1,000,000
Ten Years Term 2.50% Up to $250,000
2.75% More than $250,000 and up to $500,000
3.00% More than $500,000 and up to $1,000,000
3.20% More than $1,000,000

All rates are subject to change without notice.

Your life savings are protected

Should a member die, his/her shareholdings will be insured as follows:

AGE COVERAGE
1-69 years 100%
70-79 years 75%
80 years and over 40%

Attaining your financial goals

Make saving simple

Setting up a savings plan is quick, easy and can help you reach your goals faster. No matter what you’re saving for - a holiday, a car, or a home loan deposit, or something else - TECU gives you flexibility and control over your savings plan.

You can set up a scheduled transfer from your bank account or salary to your TECU share account for whatever time, frequency and amount suits you best – be it weekly, fortnightly or monthly, for any amount.

Start saving effectively

  • Step one of any savings plan is to create a budget. It shows you how much you earn, how much you spend and how much you have left over each month.
  • Once you have a budget in place you then need to set a realistic savings goal and get into the habit of saving money each month.
  • Finally, talk to a Financial Planner. Our specialists can help you develop a budget, show you how to save, assist with insurance and investments and offer advice on how to achieve your goals.

Make an appointment with a Financial Planner.

Make an appointment