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Cheque A Month

High returns with the convenience of receiving your interest monthly.

Cheque A Month

Monthly interest account

A Cheque-a-Month investment account provides high returns with the convenience of receiving your interest monthly rather than at the end of the investment period.

Features
  • Minimum deposit is $5,000.
  • The minimum term is 6 months and the maximum term is 2 years.
  • There are no account keeping fees.
  • Interest rates vary according to the term or amount of the deposit.
  • Interest is calculated on the daily balance.
  • Interest payments are made to a WAW account monthly.
  • Principal is paid directly to a WAW account, or by corporate cheque.
  • No principal additions are allowed during the term of the investment.
  • Deposits re-invested on maturity at current rates unless otherwise instructed.
  • Full or partial redemption before maturity will incur a rate penalty.
Rates
  $5,000 to $24,999.99 $25,000 to $1,000,000
6 - 11 months 2.05% p.a. 2.15% p.a.
12 - 18 months 2.20% p.a. 2.40% p.a.
19 - 24 months 2.50% p.a. 2.75% p.a.

Download our Deposit Interest Rate Schedule here

Rates are correct at time of publication but are subject to change without notice. Rates and terms for amounts above $1,000,000 available on application.

Fees

There are no account keeping fees with this account.
 

Download our Transaction Fees and Charges Schedule here

How To Apply

If you are interested in opening this type of investment account please fill out our online enquiry form and one of dedicated staff will contact you so we can further the application process. We will need your name, contact details and the product you are interested in taking out, we can help you do the rest. 

Alternatively, you can contact us on 1300 368 555 and ask to speak to a term investment specialist.

Enquire Now