Term Deposit (TD) is a fixed deposit account for 1 year. Rate is generally higher than bank rate.
Minimum fresh fund deposit is $500 subject to a maximum of $150,000*.
The society may accept internal fund transfer from member’s General Savings or Bonus Savings accounts.
The total term deposits shall not exceed $150,000** (Refer to the table below).
Total Amount Allowed in the TD Accounts:
(*Terms & Conditions)
| Length of Membership | Total TDs Amount (Fresh Fund) |
| < = 1 year | Maximum $10,000 |
| > 1 year to 2 years | Maximum $20,000 |
| > 2 years to 3 years | Maximum $30,000 |
| > 3 years to 4 years | Maximum $40,000 |
| > 4 years to 5 years | Maximum $50,000 |
| > 5 years | Maximum $150,000** |
** Fresh fund or internal fund transfer is subject to the total Term Deposits not exceeding $150,000.
Note: Unless otherwise instructed, deposits together with accrued interests will be automatically renewed for a further period of 1 year with interest rate determined by the Society at the time of renewal.