NetTerm Deposits
Investing your savings just got easier. Now you can set up a term deposit online using QPCU’s NetTerm at a time that suits you.
Why invest in a QPCU NetTerm?
It’s a simple and convenient way to make your money work harder for you. If you have QPCU Internet Banking and a minimum of $2,000 to invest you can open a NetTerm term deposit online.
Invest in a NetTerm today and receive the following benefits:
• your funds will be locked away for the nominated term so there is no temptation to spend
• receive a great rate – check out our current interest rates
• no fees on application*
• deposits up to $1 million are government guaranteed1.
Easy steps to apply
A NetTerm is easy to arrange – follow these 4 simple steps to open an online term deposit today:
1. you must have QPCU Internet banking access to open a NetTerm account
2. log into QPCU Internet Banking
3. Under 'Accounts‘ select 'Open Term Deposit Account’
4. follow the prompts to set up your NetTerm account
a. provide your personal details
b. select the term deposit amount and term/maturity date
c. provide the amount you wish to deposit and select account details
d. confirm your details and submit the investment by entering your internet password
QPCU will then send you a NetTerm confirmation letter in the mail. On maturity your term deposit and interest will be deposited into the account you selected during set-up.
Download our General Information Terms and Conditions here
*An early redemption fee of 2.5% p.a. of the term deposit rate offered on the amount being withdrawn applies to funds that are redeemed prior to maturity of the NetTerm.
1. *Deposits up to $1 million are automatically covered by the Australian Government Guarantee. QPCU has accepted to participate in the scheme for large and wholesale deposits over $1 million.
You should read QPCU’s General Information, Terms and Conditions before making a decision to use this product. Terms and conditions apply and are available from QPCU.