P&N Bank
P&N Bank

& Retirement Term Deposit

Term Base Rate
90 Days 0.45%
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Key Features
Min Amount
Max Amount
$5,000.00
$1,000,000.00
Interest Payment
Method
Cheque,Direct Credit,Rollover on Maturity
Early Withdrawal
Penalties
Interest will only be paid on funds invested for a minimum of 30 days. In the event of early termination of the term deposit, subject to the funds having been invested for the minimum period of 30 days, interest will be calculated at the interest rate most recently published by the Reserve Bank of Australia on its website as being the “Cash Rate Target” at the time the investment is redeemed. If any interest has been paid prior to early redemption of a term deposit, then any shortfall arising from the recalculation of interest in accordance with the “Cash Rate Target” will be deducted from the principal amount.