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- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
Interest rate
1.00%
Maximum rate
2.00%
for 7 months
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
Interest rate
1.00%
Maximum rate
2.00%
for 7 months
RateCity says
"Grow your nest egg with a term deposit from IMB with tiered interest rates based on your balance and automatic maturity rollover."
Pros and Cons
For Term Deposit
Benefits
- Automatic maturity rollover
Drawbacks
- Interest cannot be paid to other institution
IMB Bank Rate Term Deposit overview
For Term Deposit
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
Is covered by government guarantee
Target Market Determination
Interest
Interest calculation frequency
Daily
Interest payment frequency options
Monthly, At Maturity
Interest payment via other institution
Interest payment method
Cheque, Direct Credit, Rollover on maturity
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
Promoted term deposit products
Personal Term Deposit (At Maturity)
Real Time Rating™
- 2024 Award Winner
- 6 months
- Automatic maturity rollover
- Joint application available
Interest rate
5.10%
for 6 months
Min deposit
$1,000
Maximum rate
5.10%
for 6 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
Interest rate
2.00%
for 1 month
Min deposit
$1,000
Maximum rate
4.90%
for 60 months
Term Deposits
Real Time Rating™
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
Interest rate
3.50%
for 3 months
Min deposit
$1,000
Maximum rate
4.80%
for 12 months
Term Deposit
Real Time Rating™
- 1 month
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
0.50%
for 1 month
Min deposit
$5,000
Maximum rate
5.00%
for 7 months
Product data updated on 26 Apr 2024