It is with pride that we announce that G&C Mutual Bank’s range of term deposits have been named Canstar’s Customer Owned Bank of the Year – Term Deposits in 2024. This is the third year in a row that our term deposits have been recognised with this award in the Term Deposits category.
Canstar’s Term Deposit Awards recognise the financial institutions offering quality term deposit products across rates, terms, and product features. Each term deposit product reviewed for the awards has been assessed using a value-based methodology where both price and features are considered. To arrive at the total score, Canstar applies a weight against each component of a customer's journey with the product ranging from application to maturity. On top of reviewing the customer journey, Canstar’s Research Team looked at two deposit amounts – $25,000 and $75,000 – across a range of terms from one month to five years, using six months of historical interest rate data.
Our award winning term deposits offer competitive interest rates for those saving for a longer-term goal. Learn more about how our term deposits can help you achieve your savings goals.
As a mutual bank owned by our members, we’re a values-driven organisation where member interests are not in conflict with shareholder interests. We strive to deliver quality products to our members. To ensure that G&C Mutual Bank’s products remain market competitive, we routinely submit our range of products for independent assessment and peer benchmarking. Our numerous awards confirm our ongoing commitment to providing products that offer great value for our members.
