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- Term Deposit (At Maturity) (9-12 months)
Term Deposit (At Maturity) (9-12 months)
- 9 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.85%
Maximum rate
4.85%
for 9 months
Term Deposit (At Maturity) (9-12 months)
- 9 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.85%
Maximum rate
4.85%
for 9 months
RateCity says
"Enjoy a competitive rate of return with automatic maturity rollover."
Pros and Cons
For Term Deposit (At Maturity) (9-12 months)
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
Drawbacks
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
ME Bank Rate Term Deposit overview
For Term Deposit (At Maturity) (9-12 months)
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
12
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity
Interest payment via other institution
Interest payment method
Direct Credit, Rollover on maturity
Fees
Account keeping fee
$0