Accumulator Term Deposit

Features

  • redeemable and accessible with no interest penalty
  • interest is calculated daily and paid semi-annually in June and December
  • no charge for withdrawals or deposits

Benefits

  • this product is offered as a term, but works as a combination savings account and term deposit
  • you can access the funds through MemberDirect or through in-branch transactions
  • systematic approach to savings
  • additional deposits can be made at any time

Restrictions

  • no minimum deposit
  • minimum withdrawal is $100.00
  • pre-authorized transfer must be set up with at least a monthly frequency

Notes