12 Months Regular Income (I3)
Police Credit’s 12 Months Regular Income account provide for a ‘fixed’ term account where the interest is paid to the account holder on a regular basis. The 12 Months Regular Income account has the following features:
 12 month fixed term
Minimum deposit $5,000
Subsequent deposits $2,000 minimum
Interest paid fortnightly, monthly, quarterly or annually
Interest rates vary according to amount of deposit
Own branch access for over the counter withdrawals/ deposits.
Benefits
Interest paid regularly to member or their nominated account
Interest can compound annually or be paid monthly, quarterly or annually.
Important advice on Early Withdrawals
As the withdrawal of funds prior to the maturity period requires the prior agreement of Police Credit, your Term Deposit investment may be subject to the following potential risks:
Any early withdrawal may be subject to a reduction in the interest rate
As the interest rate is fixed for the term of the deposit you may be disadvantaged if there is an increase in interest rates.
Important advice on Maturity Notices
As a Term Deposit account holder, you will be sent Maturity Notices at least one week prior to the maturity date, along with the current interest rates. If your maturity instructions are not received prior to maturity date, your deposit will be renewed in a new fixed term deposit for the same or similar term and interest will be paid in accordance with previous instructions.
Important advice on Early Redemptions
Deposits cannot generally be withdrawn prior to maturity. However, under special circumstances, Police Credit may (at its discretion) agree to a request from any member for the full or partial redemption of their deposit prior to the expiry of its full term. If an early redemption is required, your request needs to made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If your account is held in joint names, all parties are to sign the letter, regardless of the method of operating your account. Please note that Police Credit may (at their discretion) charge an Interest Reduction.
Term Certificates
Term Certificates will be sent to you following initial lodgement and after each renewal date.
We recommend you read our Financial Services Guide, and the relevant Product Disclosure Statements to obtain all relevant information, as well as all terms and conditions of use.
Part 1: Investment Accounts
Part 2: Fees & Charges
Part 3: Interest Rates
General Information, Terms and Conditions
Financial Services Guide
For more information call Member Response on 13 63 73
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