12 Month Term Deposit - UNITY
Our term deposit accounts are a great way to earn interest on money that you do not need to access on a daily basis. We offer terms of 3 to 36 months to fit in with your investment requirements.
Category: Term Deposits Last Updated February 16, 2024 Effective May 3, 2024
Product Features
- Other Additional Information: Interest rate is fixed for the term of the deposit
- Other Additional Information: Rates available for 3 to 36 month terms
- Other Additional Information: Standard interest for terms less than or equal to 12 months, interest is paid at maturity; for terms over 12 months, interest is paid annually and at maturity. For monthly terms, interest is paid every month and at maturity with a reduced rate from the standard interest rate.
- Other Additional Information: Upon application, if a deposit is allowed early withdrawal, an interest adjustment will normally apply
- Other Additional Information: Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
Product Eligibility
- Residency Status - Australian Citizen Or Permanent Resident.
- Other Additional Information: As a Customer Owned Bank, customers must become a shareholder of Unity Bank to open an account.
Bank Fees and Charges
- Copies Of Previous Statements (Event), Amount: 2.50.
- Frequent Statement Fee (Periodic), Amount: 2.00.
Limitations & Restrictions (Constraints)
- Max Balance of 1000000.00 Additional Information: For deposits over $300,000 rates are by negotiation and subject to acceptance
- Opening Balance of 1000.00