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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Term Deposits from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Term Deposit, you will deal directly with a financial institution, and not with RateCity.

CairnsPenny Savings&Loan

Term Deposits

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Cairns Penny Bank was established in 1899 to provide the residents of Cairns with a community focused financial service alternative. The organisation operates under a mutual ownership structure and is owned and governed by their customers who are also shareholders. Each member is given the right to vote at general meetings on issues relating to the company’s operations. Cairns Penny Bank employees are dedicated to their provision of a friendly and professional customer service. They are able to assist you with advice and knowledge in a range of product areas such as savings accounts and home loans.

Product Details

Company
CairnsPenny Savings&Loan
Nominal Rate
5%
Effective Rate
5.09%
Payment Frequency
At Maturity
Maturity Alert
Mail Phone
Partial Withdrawal Penalty
No
Compounding Interest
No
Updating your preferences

Product Features

Automatic rollover y

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

Partial withdrawal n

Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.

Int paid via other institution y

Whether the interest dividend can be paid into an account held with another financial instituion

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Balance
Month
Amount Invested
$50000
Interest Earned
$50000
Months Elapsed
The graph above displays total estimated interest earned based on the requested deposit frequency and parameters entered.
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