Member’s Equity meets customer demand

Member's Equity Bank announced that it has introduced two new deposit products, a high interest online savings account and a term deposit account, both with out fees. The term deposit account has a competitive rate of 6.45 per cent for terms of 12 months or more, while the online savings account has a rate of 6.20 per cent, with no minimum balance. Tony Beck, Executive Manager of Workplace Business, said that the new products had been designed to meet customer demand.