- Home
- Term Deposits
- Geelong Bank
- Regular Income Investment
Regular Income Investment
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.40%
Maximum rate
3.15%
for 12 months
Regular Income Investment
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
1.40%
Maximum rate
3.15%
for 12 months
Pros and Cons
For Regular Income Investment
Benefits
- Interest can be paid to other institution
- Only 1 days notice to withdraw funds before maturity
- Automatic maturity rollover
- Maturity alert by email and phone
Drawbacks
Geelong Bank Rate Term Deposit overview
For Regular Income Investment
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
Visit Geelong Bank to view Target Market Determination.
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Monthly
Interest payment via other institution
Interest payment method
Cheque, Direct Credit, Rollover on maturity
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 months1.40%1.45%1.45%
6 months1.65%1.70%1.70%
1 year3.10%3.15%3.15%
Other Restrictions
Withdrawals are not permitted during the term. However, in case of hardship if you withdraw part or all of your investment during the term, an early release request needs to be completed and signed or a letter explaining the reason for the release of the funds forwarded to Geelong Bank for approval.
