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- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
3.50%
Maximum rate
4.75%
for 12 months
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
3.50%
Maximum rate
4.75%
for 12 months
Pros and Cons
For Term Deposit
Benefits
- Interest can be paid to other institution
- Automatic maturity rollover
Drawbacks
Police Bank Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$10,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum Age Requirement
18
Notice period to withdraw
-
Is covered by government guarantee
Target Market Determination
Visit Police Bank to view Target Market Determination.
Features
Interest
Interest Calculation Frequency
Daily
Interest Payment Frequency Options
At Maturity
Interest payment via other institution
Interest payment method
Direct Credit, Rollover on maturity
Interest
Fees
Account keeping fee
$0
Early withdrawal fee
-
Fees
Rates
TermRates on deposit of ($1,000 - $9,999)Rates on deposit of ($10,000 - $99,999,999)
3 months3.50%3.50%
4 months3.50%
5 months3.00%
6 months4.00%
7 months3.00%
9 months3.75%
1 year4.75%
2 years4.00%
3 years4.00%
4 years4.05%
5 years4.10%
Rates