BCU Bank savings account and term deposit rates

Police & Nurses Limited, trading as BCU Bank · Customer-owned bank

BCU Bank's best ongoing savings rate is 5.50% p.a. on Boss Saver, in months when you meet its bonus conditions. Its best term deposit pays 5.30% p.a. for 12 months on $1,000 or more.

Verified 4 Nov 2026

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Key facts

Top savings rate: 5.50% p.a.
Introductory rate: 5.60% p.a. for 4 months
Best term deposit: 5.30% p.a. for 12 months
Minimum term deposit: $1,000
Deposit protection: $250,000 per account holder
Credit cards: 2 cards from BCU Bank

What would your money earn at BCU Bank?

Type any amount and pick an account. Estimates are before tax and assume the rate stays the same.

Amount

Try

Account

Fixed for the term. From $1,000.

Interest over 12 months

$1,325

5.30% p.a., interest paid at maturity.

BCU Bank 12-month Term Deposit$1,325

Bank Australia Term Deposit, 5.60% p.a.$1,400

That is $75 less than the best 12-month term deposit in Australia would pay on the same amount.

See what your own balance actually earned

BCU Bank rates

Every rate is variable. Bonus rates show as the total you earn, with the base and bonus parts underneath.

Boss Saver

Bonus savings account

18 or older

5.50%p.a.

0.20% base + 5.30% bonus

To earn the bonus each month

Rate is applied when you deposit at least $500 into your eligible transaction account from an external source.
Rate is applied when you make 5 eligible Visa Debit card transactions from your linked transaction account.
Bonus interest is paid on balances up to $100,000 with balances in excess of $100,000 receiving the standard rate.

Power Saver

Bonus savings account

18 or older

4.85%p.a.

0.00% base + 4.85% bonus

To earn the bonus each month

Rate is applied when no withdrawals are made within the calendar month.
Rate is applied when a minimum of $100 is deposited within the calendar month.
Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate.

Bonus Saver

Savings account, no monthly conditions

12 or older

5.60%p.a.

Intro rate for 4 months, then 0.05% p.a.

Give your savings a lift and earn bonus interest for the first four months.

Scoot Super Saver

Savings for under 18s

Under 13

3.50%p.a.

No monthly conditions

A savings account suitable for children aged 0 to 12.

Golden Account

For retirees and pensioners

55 or older

1.85%p.a.

No monthly conditions

A transaction account for customers aged 55 and over, with easy access to funds and variable stepped interest.

Term Deposit

Term Deposit rates, interest paid at maturity
Term	$1,000 to $1,000,000
1 month	1.20%
2 months	1.60%
3 months	4.00%
4 months	4.55%
5 months	4.70%
6 monthsStand-out term	5.20%
7 months	3.85%
8 months	3.85%
9 months	3.85%
10 months	3.55%
11 months	4.00%
12 monthsBest rate	5.30%

Interest paid at maturity. New term deposits start at $1,000.

55 Term Deposit

55 Term Deposit rates, interest paid at maturity
Term	$5,000 to $1,000,000
6 monthsBest rate	5.15%
12 months	4.45%
2 years	3.40%
3 years	3.30%

Interest paid at maturity. New term deposits start at $5,000.

Term Deposit - Yearly

Term Deposit - Yearly rates, interest paid at maturity
Term	$1,000 to $1,000,000
2 yearsBest rate	3.45%
3 years	3.35%

Interest paid at maturity. Terms longer than 12 months pay interest once a year. New term deposits start at $1,000.

Compare 12-month term deposits at every bank in Australia

How BCU Bank compares with other banks in Australia

Every bank we track in Australia, ranked by its best ongoing savings rate, with its 12-month term deposit. Verified 4 Nov 2026.

Savings and 12-month term deposit rates at every bank in Australia, 4 Nov 2026
#	Bank	Top savings rate	12-month term deposit
1	RACQ Bank	6.01% p.a.Bonus Saver Account, monthly conditions	5.35% p.a.Term Deposit
2	MoveBank	5.75% p.a.Growth Saver, monthly conditions	5.35% p.a.Term Deposit
3	ING	5.75% p.a.Savings Maximiser, monthly conditions	5.30% p.a.Personal Term Deposits
4	Rabobank	5.65% p.a.PremiumSaver, monthly conditions	5.25% p.a.Online Term Deposit
5	Judo Bank	5.60% p.a.Personal Savings Account, monthly conditions	5.45% p.a.Personal Term Deposits
6	QBANK	5.60% p.a.Intro Saver	5.05% p.a.Term Deposit
7	Up	5.60% p.a.Up Saver, monthly conditions	Not published
8	People First Bank	5.55% p.a.Dream Fund, monthly conditions	5.20% p.a.Term Deposit
9	AMP Bank	5.50% p.a.AMP Bank GO Save	5.55% p.a.AMP Bank GO Term Deposit
10	BCU Bank	5.50% p.a.Boss Saver, monthly conditions	5.30% p.a.Term Deposit
11	P&N Bank	5.50% p.a.Savvy Saver Account, monthly conditions	5.30% p.a.Term Deposit
12	Great Southern Bank	5.50% p.a.Home Saver, monthly conditions	5.10% p.a.Platinum Plus Term Deposit
13	Bank of Melbourne	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
14	BankSA	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
15	St.George	5.40% p.a.Incentive Saver, monthly conditions	4.75% p.a.Term Deposit
16	Bank Australia	5.35% p.a.Bonus Saver, monthly conditions	5.60% p.a.Term Deposit
17	Suncorp Bank	5.35% p.a.Growth Saver Account, monthly conditions	5.40% p.a.Term Deposit
18	Australian Mutual Bank	5.35% p.a.Momentum Saver account, monthly conditions	5.35% p.a.Term Deposit
19	Firefighters Mutual Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
20	Health Professionals Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
21	Teachers Mutual Bank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
22	UniBank	5.35% p.a.Momentum Saver, monthly conditions	5.35% p.a.Term Deposit
23	ANZ	5.35% p.a.ANZ Plus Growth Saver, monthly conditions	5.30% p.a.ANZ Advance Notice Term Deposit
24	Bankwest	5.35% p.a.Hero Saver, monthly conditions	5.30% p.a.Bankwest Term Deposit
25	Police Credit Union	5.35% p.a.Focus Saver Account, monthly conditions	4.00% p.a.Term Deposit
26	ubank	5.35% p.a.Save account, monthly conditions	Not published
27	Bank First	5.30% p.a.First Home Bonus Saver Account, monthly conditions	5.50% p.a.Term Deposit
28	Hume Bank	5.30% p.a.Reward Saver, monthly conditions	5.40% p.a.Term Deposit
29	Bank of us	5.30% p.a.Save up, monthly conditions	5.30% p.a.Fixed Term Investment
30	Defence Bank	5.30% p.a.Max E Saver, monthly conditions	5.30% p.a.Term Deposit
31	Easy Street	5.30% p.a.Flex Saver	Not published
32	Virgin Money	5.30% p.a.Virgin Money Boost Saver, monthly conditions	Not published
33	Dnister Bank	5.25% p.a.Max Saver, monthly conditions	5.55% p.a.Term Deposit
34	Macquarie	5.25% p.a.Macquarie Savings Account	5.40% p.a.Macquarie Term Deposit
35	Bank of Sydney	5.25% p.a.BOS Saver	5.30% p.a.Term Deposit
36	CommBank	5.25% p.a.GoalSaver, monthly conditions	5.30% p.a.Standard Term Deposit
37	NAB	5.25% p.a.NAB Reward Saver, monthly conditions	5.30% p.a.NAB Term Deposit
38	Westpac	5.25% p.a.Westpac Life, monthly conditions	5.30% p.a.Term Deposit
39	MyState Bank	5.25% p.a.Bonus Saver, monthly conditions	5.25% p.a.Regular Term Deposit
40	Regional Australia Bank	5.25% p.a.Savings Booster Account, monthly conditions	5.25% p.a.Term Savings
41	bankWAW	5.20% p.a.WAW Bonus Saver, monthly conditions	5.35% p.a.Limited Offer Term Deposit
42	Southern Cross Credit Union	5.20% p.a.Star Saver, monthly conditions	5.30% p.a.Term Deposit
43	Australian Military Bank	5.10% p.a.Online Saver, monthly conditions	5.40% p.a.Teen Plus Term Deposit
44	BOQ	5.00% p.a.Simple Saver Account	5.40% p.a.myBOQ Term Deposit
45	NPNewcastle Permanent	5.00% p.a.Smart Saver Account, monthly conditions	5.40% p.a.Term Deposit
46	The Capricornian	5.00% p.a.Bonus Saver Account, monthly conditions	5.20% p.a.Term Deposit
47	Bendigo Bank	5.00% p.a.Bendigo Reward Saver, monthly conditions	4.90% p.a.Standard Term Deposit
48	Beyond Bank	4.90% p.a.Purple Bonus Saver, monthly conditions	4.90% p.a.Term Deposit
49	Woolworths Team Bank	4.90% p.a.Bonus Saver Account, monthly conditions	4.00% p.a.Term Deposit
50	Unity Bank	4.85% p.a.Bonus Saver Account, monthly conditions	5.50% p.a.Term Deposit
51	Goulburn Murray Credit Union	4.80% p.a.Advantage Saver, monthly conditions	5.15% p.a.Fixed Term Deposit
52	Border Bank	4.80% p.a.Bonus Saver Account, monthly conditions	5.00% p.a.Term Deposit
53	Police Bank	4.80% p.a.Bonus Saver Account, monthly conditions	5.00% p.a.Term Deposit
54	Summerland Bank	4.75% p.a.Bonus Saver, monthly conditions	5.25% p.a.Fixed Term Deposit
55	Community First Bank	4.60% p.a.Goal Saver, monthly conditions	5.60% p.a.Term Deposit Special
56	Gateway Bank	4.60% p.a.Goal Saver, monthly conditions	5.55% p.a.Term Deposit
57	ME Bank	4.60% p.a.SaveME, monthly conditions	5.50% p.a.ME Go Term Deposit
58	Bank Orange	4.60% p.a.Online Saver	5.35% p.a.Fixed Term Deposit Wealth Builder
59	Heartland Bank	4.55% p.a.MySavings account	5.55% p.a.Term Deposit
60	Queensland Country Bank	4.55% p.a.Bonus Saver, monthly conditions	5.30% p.a.Fixed Term Deposit
61	BNK Bank	4.50% p.a.Cash Management Account	5.40% p.a.Stow It Term Deposit Account
62	Alex Bank	4.50% p.a.Savings	5.30% p.a.Term Deposit - Direct
63	Greater Bank	4.25% p.a.Bonus Saver	5.40% p.a.Term Investment
64	The Mutual Bank	4.25% p.a.Bonus Saver, monthly conditions	5.30% p.a.Term Deposit
65	HSBC	4.25% p.a.Bonus Savings Account, monthly conditions	2.90% p.a.Term Deposit
66	Laboratories Credit Union	4.01% p.a.Savvy Saver, monthly conditions	4.60% p.a.Fixed Term Deposit
67	Northern Inland Credit Union	4.00% p.a.Bonus Saver, monthly conditions	4.90% p.a.Term Deposit
68	Credit Union SA	3.75% p.a.Bonus Savings Account, monthly conditions	5.30% p.a.Term Deposit
69	Auswide Bank	3.56% p.a.Bonus Plus Saver, monthly conditions	5.25% p.a.National Seniors Term Deposit
70	First Option Bank	3.55% p.a.Save Account	5.50% p.a.Fixed Term Deposit
71	BOQ Specialist	3.50% p.a.Private Access Account	5.35% p.a.Term Deposit
72	Fire Service Credit Union	3.50% p.a.High Interest	4.50% p.a.Fixed Term Deposit
73	IMB Bank	3.45% p.a.Reward Saver Account, monthly conditions	5.30% p.a.Term Deposit
74	Horizon Bank	3.25% p.a.Horizon Direct	5.10% p.a.Term Deposit
75	Darling Downs Bank	3.15% p.a.Cash Manager Online	5.40% p.a.Fixed Term Deposits
76	Cairns Bank	3.00% p.a.Online Saver account	5.25% p.a.Term Deposit
77	Coastline Bank	3.00% p.a.Coastline Savings Account	5.05% p.a.Gold Member Fixed Term Deposit
78	Arab Bank Australia	3.00% p.a.Personal Online Savings Account	3.40% p.a.Fixed Term Deposit - Personal
79	Revolut	3.00% p.a.Revolut Instant Access Savings	Not published
80	Geelong Bank	2.96% p.a.iSaver, monthly conditions	5.40% p.a.Term Deposit
81	Transport Mutual Credit Union	2.25% p.a.Premium Savers Account	3.25% p.a.Term Deposit
82	The Mac	2.00% p.a.eSaver	5.20% p.a.Mini Mac Term Deposit
83	SWSbank	2.00% p.a.Online Saver	5.00% p.a.Term Deposit
84	Broken Hill Bank	1.70% p.a.eCall Savings Account	5.00% p.a.Fixed Term Deposit

Who can open them, and how safe is the money?

Who can open each account

Boss Saver: 18 or older
Power Saver: 18 or older
Bonus Saver: 12 or older
Scoot Super Saver: Under 13
Golden Account: 55 or older
Term Deposit: 12 or older, from $1,000
55 Term Deposit: 55 or older, from $5,000
Term Deposit - Yearly: 12 or older, from $1,000

Is my money protected?

The Australian Government's Financial Claims Scheme covers deposits at BCU Bank up to $250,000 per account holder. P&N Bank is part of the same bank, so money at both counts toward that one limit.

Questions about BCU Bank savings and term deposits

What is BCU Bank's highest savings rate?

Boss Saver, at 5.50% p.a. on 4 Nov 2026: a 0.20% p.a. base rate plus a 5.30% p.a. bonus. Rate is applied when you deposit at least $500 into your eligible transaction account from an external source. A month that misses the conditions earns 0.20% p.a.

What is the BCU Bank 12-month term deposit rate?

5.30% p.a. on new deposits of $1,000 or more, with interest paid at maturity. Taking the interest monthly lowers it to 4.45% p.a.

Which BCU Bank term deposit term pays the most?

12 months, at 5.30% p.a. with interest paid at maturity, on 4 Nov 2026.

Does Bonus Saver have an introductory rate?

Yes. Bonus Saver earns 5.60% p.a. for the first 4 months, made up of the 0.05% p.a. ongoing rate plus a 5.55% p.a. introductory margin. After that it earns 0.05% p.a.

Is my money safe with BCU Bank?

Deposits at BCU Bank are covered by the Australian Government's Financial Claims Scheme up to $250,000 per account holder. P&N Bank shares the same banking licence, so money at BCU Bank and P&N Bank counts toward one limit.

Where do these rates come from?

From the product details BCU Bank publishes under the Consumer Data Right, which Woodo checks every day. We last verified them on 4 Nov 2026. BCU Bank does not pay Woodo, and no payment can change the order of any list.

Community

BCU Bank savers will soon be able to report whether their bonus rate paid out each month, and ask other savers questions.

Cards issued by BCU Bank

Other banks in Australia

RACQ BankSavings 6.01% p.a.12-month 5.35% p.a.
INGSavings 5.75% p.a.12-month 5.30% p.a.
MoveBankSavings 5.75% p.a.12-month 5.35% p.a.
RabobankSavings 5.65% p.a.12-month 5.25% p.a.
UpSavings 5.60% p.a.12-month Not published
Judo BankSavings 5.60% p.a.12-month 5.45% p.a.

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