Members Equity Bank Members Equity Term Deposit
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Term deposit
Moneybuddy says
Members Equity Term Deposit allows you to invest $5000 or more with the option of a 3, 6, 9, 12 or 24 month term. Interest is calculated daily, so every dollar you earn through interest will go directly to helping you save as there are no bank fees.
The Basics
Interest paid Quarterly
Interest calculated Daily
Headline interest rate -
Monthly fee -
Account type Term deposit
The cool stuff: features
ATM access -
EFTPOS access -
Branch access -
Online access -
Age restrictions -
Cheque book facility -
Debit card -
BPAY -
GiroPost -
Phone access -
The Facts & Figures
Balance less than $1k -
Balance less than $5k -
Balance less than $25k -
Balance greater than $100k -
Min. balance $5,000
Min. opening deposit -
Number of free elect transactions per month -
The ugly stuff: fees
Other bank ATM fee -
EFTPOS transaction fee -
Branch assistance fee -
* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.
Members Equity Bank says
Plan ahead and guarantee your savings return. The market may be volatile, but that doesn’t mean you can’t lock in your savings and guarantee a high rate of return. With an ME Term Deposit, you can:Choose from a 3 or 6 or 9 or 12 or 24 month term, Pay no bank feesEvery dollar in interest you earn goes directly to helping you achieve your savings goals.
Key features
- Choose from a 3 or 6 or 9 or 12 or 24 month term.
- Pay no bank fees
- Invest $5000 or more
- All interest calculated daily
Pros
- Choose from a 3
- 6
- 9
- 12 or 24 month term.
- Pay no bank fees
Cons
- Minimum $5000 deposit
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