Members Equity Bank Members Equity Term Deposit

Moneybuddy says

Members Equity Term Deposit allows you to invest $1000 or more with the option of a 1 to 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 6.35%

Monthly fee -

Account type Term deposit

The cool stuff: features

ATM access -

EFTPOS access -

Branch access -

Internet Banking -

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 $1,000

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

A Term Deposit Account provides you the security of knowing exactly what return you will receive when your investment finally matures. With a guaranteed interest rate that is locked in for the life of the term you choose, your money is protected from market fluctuation. Leaving you to simply sit back, relax and reap the full rewards.

Key features

Simply open your account with a deposit of $1,000 or more
Select your term from 1 month (30 days) to 24 months (730 days) or just select a maturity date that suits your goals
No account keeping fees to pay
Australian citizens, Australian permanent residents and Australian Residents for taxation purposes with an Australian residential address (who are at least 12 years of age) are eligible to apply
For existing customers, you can apply over the phone saving you time. This is only for single account holder accounts only.