Term Deposit for Edvest Members

 Product Features

• Other Additional Information: No account keeping fee

• Other Additional Information: A guaranteed rate for terms from 3 to 36 months

• Other Additional Information: Earn a competitive interest rate on your investment with a minimum opening balance of $1,000 can get you started.

• Other Additional Information: Interest can be paid fortnight, monthly, 12 monthly or at maturity.

• Other Additional Information: For deposits of $500,000 and over, rates are by negotiation and subject to acceptance.

• Other Additional Information: We'll send you a written renewal notice before your deposit matures.

• Other Additional Information: If you want to withdraw your Term Deposit before it matures you'll need to give us 31 days' notice. A reduced rate of interest will apply in these circumstances. For full details refer to our Conditions of Use.

• Digital Banking

 Product Eligibility

• Other Additional Information: This product is only available to members who are 50 years or older and part of our Edvest benefit scheme and currently hold an Everyday Direct or Bill Paying account with us.

• Other Additional Information: You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.

• Residency Status - Individuals Must Be Citizens Or Permanent Residents Of Australia..

 Bank Fees and Charges

• Edvest Membership (Periodic), Amount: 30.00. Additional Information: An annual charge debited from the Everyday Direct account on each Edvest membership in January and on a pro-rata basis for new Edvest members.

• Paper Statement Fee (Periodic), Amount: 1.50. Additional Information: This fee applies when you have elected to receive a paper statement by post in addition to a statement available to view and download in internet banking. It is in addition to fees for replacement and additional statements. For credit cards, this fee is debited to credit card account on the 7th day of the month after the end of a statement period. For all other accounts, this fee is debited to transaction, savings or loan account in that order on the 15th day of the month after the end of a statement period. Exceptions apply. For more information please refer to our Fees and Charges brochure.

 Limitations & Restrictions (Constraints)

• Opening Balance of 1000.00

• Min Balance of 1000.00

• Max Balance of 499999.99 Additional Information: For deposits of $500,000 and over, rates are by negotiation and subject to acceptance.