CBS Monthly Income Term Deposit

The CBS Monthly Income Term Deposit has been designed for people who want a monthly interest payment to top up their regular income.

Your monthly interest is automatically paid into an account of your choice.

Account features at a glance - 

• The combination of a fixed term and the fixed interest rate provides assurity of income over the period.
• Choice of 12, 24, or 36 month terms provide medium or longer term options so your money grows the way you want it to and you don't have the worry of having to continually renew your investment.
• Your monthly interest payment can be paid into your CBS Everyday Ultimate account where the on-call funds can be easily accessed manually or by chequebook, eftpos, or internet and telephone banking.
• The 12, 24, and 36 month interest rates are more often than not some of CBS Canterbury's highest rates guaranteeing you a better monthly income return.
• Minimum deposit is $5,000.
• When you deposit your funds initially you will be issued with a term deposit certificate.
• Just prior to your term deposit maturing you will receive a maturity advice notice, indicating that you have options on maturity to re-invest your money, transfer it to another account or withdraw your funds.
• Your term deposit does not incur any fees, even when paid out by bank cheque.

If you are opening a CBS Term Deposit with Heartland Building Society for the first time call 0800 CBS CBS (0800 227 227) to find out about making the process simple, then drop into a branch to complete the application.