Members Equity Bank Members Equity Term Deposit

Members Equity Bank
Headline interest rate
-
Monthly fee
-
Account type
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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