A
Cash Deposit account provides:
1. "the one account concept" - your money can be
invested in any combination of at-call or
fixed term selections
2. flexibility of terms - from one week up to three years
3. competitive market-related interest rates. (Currently at
6.5% pa)
4. no account keeping fees (normal Government fees apply)
5. easy telephone access - once your account is opened you
can complete the majority of transactions over the phone
The following investment alternatives are available within
your one Cash Deposit Account:
At Call Deposit
This account is ideal for investors with larger sums to invest
who require ready access to their money. For same day withdrawals,
simply phone us by 4pm (Monday to Friday). The main features
are:
1. a minimum initial deposit of $100,000
2. a minimum balance of $10,000
3. a minimum transaction of $5,000 applies
4. interest is calculated daily and paid monthly or quarterly
Fixed Term Deposit
AccountWhen funds are not required to be available at short
notice, the Fixed Term Deposit Account gives you the opportunity
to earn very competitive market rates for a term you nominate
- from seven days to five years. The main features are:
1. a minimum initial and ongoing deposit of $100,000
2. terms from seven days to five years are available
3. interest is calculated daily and paid monthly, quarterly,
semi-annually or at maturity
You may also purchase Security Investments (Bank Bills) which
may be linked to your Cash Deposit Account. The minimum investment
amount to purchase a Security Investment is $100,000. Investment
terms generally range from 1 day to 185 days (subject to availability). |
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With a Term Deposit,
you can:
1. open an account with a minimum of $5,0 00
2. select the term of your deposit, from seven days up to
five years (for amounts greater than $100,000) and from
one month to five years (for amounts less than $100,000)
3. choose from a wide range of interest payment options
including regular, standard, compound, deferred, annual
and annual compound
How can your business
benefit?
A Term Deposit allows you to:
1. access competitive interest rates
2. enjoy the security of a guaranteed rate of return for
the term of your investment
3. benefit from the flexibility of a wide range of terms
and interest payment options
4. have the option of a partial early withdrawal (one only),
with an Early Access Term Deposit
Early Access Term Deposit
An Early Access Term Deposit allows for the possibility
of early withdrawal of money prior to maturity. During the
term of your investment, you can access up to 50 per cent
of your funds on one occasion, without incurring a prepayment
interest adjustment or administration fee. Available for
investments of $10,000 to $95,000, you can select your choice
of a one, two, three, four or five year term.
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