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- Term Deposits
- MOVE Bank
- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.85%
Maximum rate
5.10%
for 5 months
Term Deposit
- 3 months
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
Interest rate
4.85%
Maximum rate
5.10%
for 5 months
Pros and Cons
For Term Deposit
Benefits
- Interest can be paid to other institution
- Only 7 days notice to withdraw funds before maturity
- Automatic maturity rollover
Drawbacks
MOVE Bank Rate Term Deposit overview
For Term Deposit
Features
Min deposit
$5,000
Automatic maturity rollover
Maturity alert by phone
Maturity alert by email
Joint application available
Minimum age requirement
Notice period to withdraw
7
Is covered by government guarantee
Target Market Determination
Visit Railways Credit Union Limited T/A MOVE Bk 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
-
Fees
Account keeping fee
$0
Early withdrawal fee
Rates
TermRates on deposit of ($5,000 - $5,000,000)
3 months4.85%
4 months4.75%
5 months5.10%
6 months5.00%
7 months4.90%
8 months4.85%
9 months5.05%
10 months4.80%
11 months4.95%
1 year4.90%
2 years4.70%
