Latvian Australian Credit Co-operative Society Ltd

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Investment Products
   Your investment with us can be either Short Term (CURRENT DEPOSITS) or Long Term (FIXED TERM DEPOSITS).

Short Term (CURRENT DEPOSITS)

 The following common characteristics apply to all Current Deposits: 

  • Deposits and withdrawals can be made at any time 
  • Interest (except on Interest Off-set Deposits) is calculated daily and added to the account annually 
  • The accounts can have a Cheque Book facility with no Fees 
  • The accounts can have a Debit Card (Cuecard) facility 
  • There are no Account keeping FEES 
Members can choose from the following different types of Current Deposit accounts to suit their own requirements : 

           Deposit Pass Book Accounts

 Cheque Accounts

 These are like Deposit Pass Book Accounts but with a personalised Cheque Book issued for your use.

 Deposit Deeming Accounts

 These accounts are available to recipients of payments under Social Security Act 1991.

 Interest Off-set Accounts

 Available to members with our Housing Loan Account to which this Account is linked and provide for a 100% Rate off-set with a Rebate to the linked Loan Account. Monthly Statements are issued for these Accounts.
 

Long Term (FIXED TERM DEPOSITS)
Fixed Term Deposits

Terms of 30 Days to 24 Months 

Deposits of $500.00 or more are accepted.

INTEREST is paid on Maturity.


Regular INTEREST is available for deposits of $5,000.00 or more for a term of 12 months which can be paid either monthly or quarterly.


 
 

© 2000-2003 Latvian Australian Credit Cooperative Society Ltd

Level 8, 313 Little Collins Street
Melbourne VIC 3000
tel: 03 9650 4704
fax: 03 9654 3038
Email: lacc@latviancredit.com.au

Information contained on this site is for educational purposes only and should not be construed as legal or financial opinion or advice. All information is current at the time of uploading. Rates, fees and other information are subject to change without notice.