- Home
- Term Deposits
- First Option Bank
- Fixed Term Deposit
Fixed Term Deposit
- 6 months
- Automatic maturity rollover
- Joint application available
Interest rate
3.70%
Maximum rate
4.90%
for 12 months
Fixed Term Deposit
- 6 months
- Automatic maturity rollover
- Joint application available
Interest rate
3.70%
Maximum rate
4.90%
for 12 months
Pros and Cons
For Fixed Term Deposit
Benefits
- 12 month interest rate (for $50k deposit) ranked in the best 20%
- Automatic maturity rollover
Drawbacks
- Interest cannot be paid to other institution
First Option Bank Rate Term Deposit overview
For Fixed Term Deposit
Features
Min deposit
$250,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
Notice period to withdraw
Is covered by government guarantee
Target Market Determination
Visit First Option Credit Union Limited to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
At Maturity, Annually
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
TermRates on deposit of ($1,000 - $24,999)Rates on deposit of ($25,000 - $249,999)Rates on deposit of ($250,000 - $500,000)Rates on deposit of ($500,000 - $99,999,999)
3 months3.70%3.85%4.10%4.10%
6 months4.35%4.50%4.70%4.75%
9 months4.35%4.50%4.70%4.75%
1 year4.50%4.80%4.90%5.00%
2 years4.00%4.30%4.40%4.50%