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Deposit Rates

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View our interest rates for our Transaction, Savings, and Term Deposit Accounts.

Effective from 1 September 2025.

 

Transaction Accounts

My Everyday Account Interest rate
$1 - $4,999 0.01% p.a.
$5,000 - $24,999 0.01% p.a.
$25,000 - $49,999 0.10% p.a.
$50,000 and over 0.10% p.a.
My Connect Account Interest rate
$1 - $4,999 0.01% p.a.
$5,000 - $24,999 0.01% p.a.
$25,000 - $49,999 0.10% p.a.
$50,000 and over 0.10% p.a.
My Freedom Account Interest rate
$1 - $499 0.00% p.a.  
$500 - $48,000 2.00% p.a.
$48,001 and over 2.00% p.a.  

 

My Business Account Interest rate
$1 - $4,999 0.01% p.a.
$5,000 - $24,999 0.01% p.a.
$25,000 - $49,999 0.10% p.a.
$50,000 and over 0.10% p.a.  
Our Community Account Interest rate
$1 - $4,999 0.10% p.a.
$5,000 - $24,999   1.50% p.a.
$25,000 and over 1.50% p.a.

Savings Accounts

Advantage Saver Account Interest rate
Base 0.01% p.a.
Bonus 3.99% p.a.
Total 4.00% p.a.
Cash Manager Account Interest rate
$1 - $9,999 0.01% p.a.
$10,000 - $19,999 0.40% p.a.
$20,000 - $49,999 0.40% p.a.
$50,000 - $99,999 0.40% p.a.
$100,000 and over 0.40% p.a.
Christmas Saver Account  Interest rate 
$1 and over  1.10% p.a.
Online Saver Account  Interest rate 
$1 and over  1.05% p.a.

Term Deposits

Fixed Term Deposits $100 - $4,999 $5,000 and over
3-5 months 0.25% p.a. 3.90% p.a.
6-8 months  0.25% p.a. 3.80% p.a.
9-10 months  0.25% p.a. 3.75% p.a.
12 months 0.25% p.a. 3.70% p.a.
24 months 0.25% p.a. 3.60% p.a.

Minimum deposit is $100. Minimum term of three months, to a maximum of 24 months.

Interest is calculated on a daily basis. Paid on maturity or, for a 24 month term, interest is paid every 12 months.

Monthly Income Term Deposit $3,000 - $4,999 $5,000 and over
6 months  0.25% p.a.   3.70% p.a.  
12 months 0.25% p.a. 3.60% p.a.
24 months   0.25% p.a.   3.50% p.a.

 

 

Minimum deposit is $3,000. We offer terms of 6 months, 12 months or 24 months.

Interest is calculated on a daily basis and paid monthly. Interest can be paid by transfer to a specified account.

You can download a PDF copy of our Interest Rates here.

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  • 1 S1 is only available to personal members. Variable Interest. Calculated on Minimum Monthly Balance. Portion in each tier earns the rate for that tier. Interest paid annually. Refer to Conditions of Use for full details.
  • 2 S9 is only available to persons under 21 years of age. Variable Interest. Calculated on Minimum Monthly Balance. Portion in each tier earns the rate for that tier. Interest paid annually. Refer to Conditions of Use for full details.
  • 3 Account owners must be aged 55 years or older & no longer working full time. Variable Interest. Calculated on Minimum Monthly Balance. Portion in each tier earns the rate for that tier. Interest paid annually. Refer to Conditions of Use for full details.
  • 4 Variable Interest. Calculated on Minimum Monthly Balance. Portion in each tier earns the rate for that tier. Interest paid annually. Refer to Conditions of Use for full details.
  • 5 S6 account is only available to Community organisations that have a formal documented structure; Incorporated clubs; charitable organisations; sporting clubs; schools; recognised religions; community groups; non-profit organisations - approval is at discretion of GMCU. Variable Interest. Calculated on Minimum Monthly Balance. Portion in each tier earns the rate for that tier. Interest paid annually. Refer to Conditions of Use for full details.
  • 6 Bonus rate is earned in months where you deposit at least $20 and make no withdrawal (including electronic debits). Variable Interest. Calculated on Daily Balance. Portion in each tier earns the rate for that tier. Interest paid monthly. Refer to Conditions of Use for full details.
  • 7 Minimum opening Balance $10,000. Variable Interest. Calculated on Daily Balance. Portion in each tier earns the rate for that tier. Interest paid monthly. Refer to Conditions of Use for full details.
  • 8 Balance disbursed in November, or available using Internet Banking 15 November to 31 December. Variable Interest. Calculated on Daily Balance. Interest paid annually. Refer to Conditions of Use for full details.
  • 9 Variable Interest. Calculated on Daily Balance. Interest paid monthly. Refer to Conditions of Use for full details.
  • 10 Early withdrawals attract a reduced interest rate. 3-12 month terms: Interest paid at maturity. Interest may be added to principal amount to be reinvested or paid to an account. 24 month term: Interest paid annually. First interest amount paid to an account, second interest payment may be added to principal and reinvested or paid to an account. Minimum deposit $100. Rates for deposits greater than $2million are available on application. Fixed Interest. Calculated on Daily Balance. Refer to Conditions of Use for full details.
  • 11 Interest is paid by to your nominated GMCU Account. Early withdrawals attract a reduced interest rate. Minimum deposit $3,000. Rates for deposits greater than $2 million are available on application. Fixed Interest. Calculated on Daily Balance. Refer to Conditions of Use for full details.

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We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which GMCU operates and where our team members reside.