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- Term Deposits
- BCU Bank
- 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%
