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- Health Professionals Bank
- Edvest Term Deposit
Edvest Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.80%
Maximum rate
4.80%
for 3 months
Edvest Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.80%
Maximum rate
4.80%
for 3 months
Pros and Cons
For Edvest Term Deposit
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
Health Professionals Bank Rate Term Deposit overview
For Edvest Term Deposit
Features
Min deposit
$1,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
50
Notice period to withdraw
31
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Interest payment via other institution
Interest payment method
-
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
Other Restrictions
Edvest is a benefit scheme available to bank members who are 50 years or older. An Edvest fee of $30 (charged annually or pro rata) is payable.