Term Deposits

For high returns and fixed interest rates on deposits as little as $500 look no further than a bankmecu term deposit. mecu’s term deposit products provide you with a safe and secure investment option at a guaranteed rate of return.

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All rates are based on a balance of $50000 for a term of 3 months.
Company bankmecu
Nominal Rate 2.80%
Effective Rate 2.83%
Payment Frequency At Maturity
Partial Withdrawal Penalty N/A
Compounding Interest No

Product Features

Can the institution send an email to you on maturity?
Can the institution call you on maturity?
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Whether the interest dividend can be paid into an account held with another financial instituion
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