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  4. 55 Plus Investments

55 Plus Investments

  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution

Interest rate

4.40%

Maximum rate

4.70%

for 6 months

55 Plus Investments

  • 3 months
  • Automatic maturity rollover
  • Joint application available
  • Interest payment to other institution

Interest rate

4.40%

Maximum rate

4.70%

for 6 months

Pros and Cons

For 55 Plus Investments

Benefits

  • Interest can be paid to other institution
  • Only 7 days notice to withdraw funds before maturity
  • Automatic maturity rollover

Drawbacks

    BCU Bank Rate Term Deposit overview

    For 55 Plus Investments

    Features

    Min deposit

    $5,000

    Automatic maturity rollover

    Maturity alert by phone

    Maturity alert by email

    Joint application available

    Minimum Age Requirement

    55

    Notice period to withdraw

    7

    Is covered by government guarantee

    Target Market Determination

    Visit BCU Bank to view Target Market Determination.

    Interest

    Interest Calculation Frequency

    Daily

    Interest Payment Frequency Options

    Monthly

    Interest payment via other institution

    Interest payment method

    -

    Fees

    Account keeping fee

    $0

    Early withdrawal fee

    -

    Rates

    TermRates on deposit of ($5,000 - $999,999)
    3 months4.40%
    6 months4.70%
    1 year4.50%
    2 years4.40%
    3 years4.00%

    How to apply

    If you'd like to apply for this term deposit or just get more information, follow the application process to speak to an BCU Bank mortgage specialist.