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  3. Coastline Credit Union
  4. Term Deposit

Term Deposit

  • 3 months
  • Automatic maturity rollover

Interest rate

3.90%

Maximum rate

4.50%

for 6 months

Term Deposit

  • 3 months
  • Automatic maturity rollover

Interest rate

3.90%

Maximum rate

4.50%

for 6 months

Pros and Cons

For Term Deposit

Benefits

  • 12 month interest rate (for $50k deposit) ranked in the best 20%
  • Only 1 days notice to withdraw funds before maturity
  • Automatic maturity rollover

Drawbacks

  • Interest cannot be paid to other institution

Coastline Credit Union Rate Term Deposit overview

For Term Deposit

Features

Min deposit

$50,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum age requirement

Notice period to withdraw

1

Is covered by government guarantee

Target Market Determination

Interest

Interest calculation frequency

Daily

Interest payment frequency options

At Maturity

Interest payment via other institution

Interest payment method

-

Fees

Account keeping fee

$0

Early withdrawal fee

Rates

TermRates on deposit of ($5,000 - $24,999)Rates on deposit of ($25,000 - $49,999)Rates on deposit of ($50,000 - $99,999,999)
3 months3.90%4.00%4.10%
6 months4.30%4.40%4.50%
1 year4.30%4.40%4.50%
2 years3.80%3.90%4.00%