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- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
3.85%
Maximum rate
4.55%
for 9 months
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
3.85%
Maximum rate
4.55%
for 9 months
Pros and Cons
For Term Deposit
Benefits
- 12 month interest rate (for $50k deposit) ranked in the best 20%
- 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
QBANK 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
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