FIXED TERM INVESTMENT

Product Features

• Digital Banking Additional Information: Check on your Term Investment through internet banking.

Bank Fees and Charges

• Counter (corporate) Cheque Fee (Event), Amount: 10.00. Additional Information: Applies where you request us to draw a counter/corporate cheque against funds held in your account, whether to a third party or to yourself. The fee is debited to your account at the end of the day in which the cheque is drawn.

• Duplicate Statement Fee (Event), Amount: 5.00. Additional Information: Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request.

• Early Redemption Penalty Interest (Variable), Amount: Not Listed.. Additional Information: The interest rate is re-calculated on the amount being withdrawn according to the following rules, where the current term is divided into three equal periods. Withdrawal and early redemptions prior to maturity date may be permitted at our discretion. A penalty to the interest rate can be applied and this will vary depending on when during the investment period the redemption occurs.

• Evidence Retrieval Fee (Event), Amount: 20.00. Additional Information: Applies where you request us to retrieve the paper item or evidence supporting a transaction. The fee is debited to your account when the required documentation is provided to you. Please note that the fee is not applicable where evidence shows that you did not initiate the transaction.

• Stale Corporate Cheque Fee (Event), Amount: 30.00. Additional Information: Applies where a counter/corporate cheque that you have arranged is still unpresented after 15 months from the date of issue. The fee is payable by you when we issue a replacement counter/corporate cheque on your behalf and is subtracted from the reissued/replacement cheque. Where the cheque value is $30.00 or less, a fee equivalent to the value of the cheque will apply.

• Stop Payment Fee On Corporate Cheque (Event), Amount: 25.00. Additional Information: Applies to a request from you for a stop payment to be placed on a counter/corporate cheque due to theft or loss. The fee is debited to your account on the next business day following placement of the stop and includes the issuing of a replacement cheque.

• Interim Statement Fee (Event), Amount: 2.00. Additional Information: Per statement. Applies where you request an interim statement between your existing statement cycle. The fee is debited to your account when we issue the interim statement(s).

 Limitations & Restrictions (Constraints)

• Opening Balance of 5000.00

• Min Balance of 5000.00

Document Downloads

  summary-of-accounts-availability-of-access-facilities-and-transaction-limits-15-july-2024.pdf (204.7 KB)
  fees-and-charges-schedule-1-july-2021.pdf (273.1 KB)