CBS Fixed Rate Term Deposit

The CBS Fixed Rate Term Deposit account allows you to lock in a competitive interest rate for a fixed period of time, thereby guaranteeing your return for the period. This account is very useful to lock in interest rates when they are seen to be at a market high.

The range of terms that are available allow flexibility for short, medium, or longer investment choices, or a combination of all three.

Account features at a glance -

• Choice of terms from 1 to 60 months.
• You receive very competitive interest rates.
• Minimum deposit only $1,000. Maximum $500,000.
• From time to time negotiated rates may be available for larger amounts.
• Interest payment frequency is reviewable and will be set from time to time.
• Interest payments may be compounded, transferred into another account, or paid out by cheque.
• 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.