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- Term Investment
Term Investment
- 2 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.50%
Maximum rate
4.90%
for 6 months
Term Investment
- 2 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.50%
Maximum rate
4.90%
for 6 months
Pros and Cons
For Term Investment
Benefits
- Automatic maturity rollover
- Maturity alert by email
Drawbacks
- Early withdrawal available with $30 fees
- Interest cannot be paid to other institution
- 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds
People's Choice Rate Term Deposit overview
For Term Investment
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Annually, At Maturity
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
$30