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  4. Term Deposit (12 months and less)

Term Deposit (12 months and less)

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

Interest rate

4.70%

Maximum rate

5.05%

for 12 months

Term Deposit (12 months and less)

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

Interest rate

4.70%

Maximum rate

5.05%

for 12 months

Pros and Cons

For Term Deposit (12 months and less)

Benefits

  • Interest can be paid to other institution
  • Automatic maturity rollover

Drawbacks

  • 31 days notice to withdraw funds before maturity and interest rate adjustment will apply to interest earned on funds

G&C Mutual Bank Rate Term Deposit overview

For Term Deposit (12 months and less)

Features

Min deposit

$1,000

Automatic maturity rollover

Maturity alert by phone

Maturity alert by email

Joint application available

Minimum age requirement

Notice period to withdraw

31

Is covered by government guarantee

Target Market Determination

Visit G&C Mutual Bank Limited to view Target Market Determination.

Interest

Interest calculation frequency

Daily

Interest payment frequency options

Annually, At Maturity

Interest payment via other institution

Interest payment method

Direct Credit, Rollover on maturity

Fees

Account keeping fee

$6

Early withdrawal fee

Rates

TermRates on deposit of ($1,000 - $99,999,999)
3 months4.70%
6 months4.85%
9 months5.00%
1 year5.05%