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- Community First Bank
- Term Deposit
Term Deposit
- 24 months
- Automatic maturity rollover
- Maturity alert by phone
- Interest payment to other institution
Interest rate
4.20%
Maximum rate
4.75%
for 24 months
Term Deposit
- 24 months
- Automatic maturity rollover
- Maturity alert by phone
- Interest payment to other institution
Interest rate
4.20%
Maximum rate
4.75%
for 24 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
- Only 7 days notice to withdraw funds before maturity
- Automatic maturity rollover
- Maturity alert by phone
Drawbacks
Community First Bank Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
18
Notice period to withdraw
7
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity, Annually
Interest payment via other institution
Interest payment method
Direct Credit, Rollover on maturity
Fees
Account keeping fee
$0