Credit unions offer best 3 year term deposits

Term deposit rates are no longer significantly higher than the leading at-call savings accounts rates now available in the marketplace.

Term deposit rates have been falling in anticipation of rate cuts since August.

The best term deposit rates over three years are Teachers Credit Union with 5.9 per cent, bankmecu, Community First and Victoria Teachers Credit Union with 5.8 per cent.

Source: Sydney Morning Herald

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