Terms and Conditions

24 Month

36 Month

Minimum deposit

$25,000

Interest paid

Quarterly

Number of partial redemptions available during term

4

6

Notice period for partial redemption

24 Hours

Maximum amount for each partial redemption

10% of Original Deposit

Partial redemption transfer

To existing Coastline account only

Additional partial redemption fee

$20

Penalty interest for amounts in excess of maximum partial redemption allowed

Charged at the rate of the term deposit on the amount which is in excess of the allowable maximum redemption. Example if the maximum allowed redemption is $10,000 and $15,000 is redeemed the penalty interest will be charged on $5,000.

Penalty interest for additional partial redemption above the maximum allowed during the term of the deposit

Charged at the rate of the term deposit on the amount of the extra redemption. Example if the redemption is $15,000 the penalty interest will be charged on $15,000.