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- Premium Term Deposits
Premium Term Deposits
- 7 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
5.15%
Maximum rate
5.15%
for 7 months
Premium Term Deposits
- 7 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
5.15%
Maximum rate
5.15%
for 7 months
Pros and Cons
For Premium Term Deposits
Benefits
- Interest can be paid to other institution
- Only 1 days notice to withdraw funds before maturity
- Automatic maturity rollover
- Maturity alert by email
Drawbacks
- Early withdrawal available with $30 fees
Defence Bank Rate Term Deposit overview
For Premium Term Deposits
Features
Min deposit
$1,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
Notice period to withdraw
1
Is covered by government guarantee
Target Market Determination
Visit Defence Bank to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
$30
Rates
TermRates on deposit of ($1,000 - $1,000,000)
7 months5.15%
