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 $50,000*.
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)
| Less than 1 year
| 1 year to < 2 years
| 2 years to < 3 years
| 3 years to < 4 years
| 4 years to < 5 years
| 5 years and above
||Internal Fund Transfer Only**
** Internal fund transfer is subject to the total Term Deposits of not exceeding $150,000.
Note: Unless otherwise instructed, deposits together with accrued interest will be automatically renewed for a further period of 1 year with interest rate determined by the Society at the time of renewal.