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  4. Term Deposit

Term Deposit

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

Interest rate

4.75%

Maximum rate

4.95%

for 11 months

Term Deposit

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

Interest rate

4.75%

Maximum rate

4.95%

for 11 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 months4.75%
    4 months4.75%
    5 months4.80%
    6 months4.85%
    7 months4.90%
    8 months4.85%
    9 months4.85%
    10 months4.80%
    11 months4.95%
    1 year4.90%
    2 years4.70%

    How to apply

    If you'd like to apply for this term deposit or just get more information, follow the application process to speak to an MOVE Bank mortgage specialist.