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- Police Credit Union
- Term Deposit
Term Deposit
- 3 months
- Automatic maturity rollover
- Interest payment to other institution
Interest rate
2.90%
Maximum rate
3.80%
for 12 months
Term Deposit
- 3 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
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
Other Restrictions
24 hours notice is required of any withdrawal of $2,000.00 or more that you require in cash