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- Edvest Term Deposit I20
Edvest Term Deposit I20
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
3.55%
Maximum rate
4.80%
for 12 months
Edvest Term Deposit I20
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
3.55%
Maximum rate
4.80%
for 12 months
Pros and Cons
For Edvest Term Deposit I20
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
Teachers Mutual Bank Rate Term Deposit overview
For Edvest Term Deposit I20
Features
Min deposit
$1,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
50
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Visit Teachers Mutual Bank Limited to view 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
Rates
TermRates on deposit of ($1,000 - $499,999)
3 months3.55%
4 months3.55%
5 months3.55%
6 months4.05%
7 months4.05%
8 months4.05%
9 months4.10%
10 months4.10%
11 months4.10%
1 year4.80%
2 years4.05%
3 years4.05%
Other Restrictions
No early withdrawal for terms up to 2 years except in the case of hardship or death