Savings account vs term deposit
Northern Inland Credit Union Super Saver vs term deposit
2.43% a year
4.90% a year for 1 year
Compare on
Interest over 1 year on $50,000
$1,215
2.43% a year
$2,450
4.90% a year · paid at maturity
Over 1 year on $50,000, Northern Inland Credit Union Super Saver pays $1,215; Northern Inland Credit Union's 12-month term deposit pays $2,450.
Worked out on $50,000 until you pick a balance
Northern Inland Credit Union LimitedSuper Saver
Northern Inland Credit Union LimitedTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$1,215
nothing to do each month
$2,450
paid at maturity
+$1,235 · More interest over the term
Rate over the term
a year, on $50,000
2.43%
4.90%
fixed for the term
+2.47 · Higher rate over the term
Asked of you each month
Nothing
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$5,000
up to $250,000
Who can open it
Anyone under 20
Anyone
How they differ
- A savings rate can change at any time. Northern Inland Credit Union Super Saver's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Northern Inland Credit Union shares that one $250,000.
Northern Inland Credit Union Term Deposit at every term
The rate the balance above gets at each term, and the interest it pays over that term.
9 monthsPaid at maturity4.25%$1,594
1 yearPaid at maturity4.90%$2,450
Term deposit
Northern Inland Credit Union Term Deposit
Go to siteAll Northern Inland Credit Union term depositsAs of 9 November 2026, over 1 year on $50,000, Northern Inland Credit Union Super Saver pays $1,215 with nothing to do each month; Northern Inland Credit Union's 12-month term deposit pays $2,450 at 4.90%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.