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- Police Credit Union
- Term Deposit
Term Deposit
- 6 months
- Automatic maturity rollover
- Interest payment to other institution
Interest rate
2.90%
Maximum rate
3.80%
for 12 months
Term Deposit
- 6 months
- Automatic maturity rollover
- Interest payment to other institution
Interest rate
2.90%
Maximum rate
3.80%
for 12 months
Pros and Cons
For Term Deposit
Benefits
- 12 month interest rate (for $50k deposit) ranked in the best 20%
- Interest can be paid to other institution
- Only 7 days notice to withdraw funds before maturity
- Automatic maturity rollover
Drawbacks
Police Credit Union 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 Police Credit Union 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 - $49,999)Rates on deposit of ($50,000 - $2,500,000)
3 months2.90%3.90%
6 months3.25%4.25%
9 months3.50%4.50%
1 year3.80%4.80%
2 years3.00%4.00%
3 years3.00%4.00%
4 years3.00%4.00%
Other Restrictions
24 hours notice is required of any withdrawal of $2,000.00 or more that you require in cash
