| 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.
|