Personal
Term Deposits
For amounts of $250,000 and above call 1800 806 645 or email
us for a rate.
What Do You Want From a Term Deposit?
- A high rate of interest
- A term that suits my needs
- Peace of mind (knowing my money is secure)
- An account that looks after itself
- Regular interest payments
- Ability to access my funds if I need them
Very Competitive Interest Rates
The rates quoted below are per annum, with interest calculated daily and credited on maturity.
| $1,000 to $9,999 |
4.00% |
5.10% |
5.50% |
5.95% |
6.00% |
| $10,000 to $49,999 |
5.55% |
5.70% |
5.80% |
6.45% |
6.10% |
| $50,000 to $99,999 |
5.60% |
5.75% |
6.05% |
6.70% |
6.30% |
| $100,000 to $249,999 |
5.70% |
5.80% |
6.20% |
6.70% |
6.30% |
- Monthly and quarterly interest payments are available at the above rates less
0.2%
($10,000 minimum balance)
- Interest Rates effective from 10 December 2007.
A Term That Suits Your Needs
You can choose any term between 1 and 36 months that best suits your needs.
The term does not have to be in whole months. If you know that you want access to the funds on a particular day, we will set the maturity for that date and choose the appropriate rate from the above table.
Rollover
Unless you specify otherwise, we will rollover your term deposit on maturity for a similar term at the prevailing interest rate for that term. You don't have to do anything! If you wish to change the term on maturity you can do this any time up to seven days after the maturity date, by calling our freecall number 1800 806 645.
With our internet banking system you can check your account details at any time.
Flexible Interest Payments
If you would like to lock-in one of our competitive longer term rates, but don't want to wait until the maturity date to receive your interest, you can choose monthly or quarterly interest payments.
The interest can be paid to you by cheque, by transfer to another account with The Rock, or by electronic transfer to your account with another financial institution.
If you choose monthly or quarterly interest payments on a longer term the rate of interest is reduced by 0.2% per annum.
No Fees
There are no account keeping or transaction fees associated with your term deposit with The Rock.
Access To Your Funds
If you discover you need access to some or all of the funds in your term deposit before the maturity date, we will let you withdraw the amount you require but will pay a reduced rate of interest on any amount that is withdrawn early. The reduced rate for such withdrawals is 2% per annum, a $40 break fee also applies. |
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You don't need to come to a Rock branch to operate a term deposit with us. We can set up an account for you over the telephone, and confirm with you the most appropriate way for you to put money into the account.
Unless we hear from you the term will automatically roll-over for a similar period at the appropriate rate at that time. You can fax or mail instructions to us to vary the term or to withdraw funds upon maturity, and we will electronically transfer the funds to your savings account with The Rock, or to an account with any other financial institution.
You can also view details of your term deposit account using our I-Bank internet banking service.
To find out the best way for you to operate your account call The Rock on
1800 806 645 during office hours, or email us. |
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