Landmark Term Investment Account
| Minimum account balance |
- $1,000 minimum initial investment (this may be waived by Landmark in specific instances)
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| Term |
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| Statements |
- At month end if there has been customer initiated transactions on the account
|
| Interest rate |
- Fixed for the term of the investment – view the current interest rates
|
| Interest payment |
- Accrues daily and paid in arrears
- Reinvestment at end of term or payment by withdrawal (see below)
|
| Deposits |
- Over the counter
- By mail (non-cash payments only)
|
| Withdrawals |
- On the application form or by written notice from you, you can request to have your withdrawal paid by:
- Landmark Cheque (made payable to you or a third party)
- EFT
- Direct payment to another Landmark Account
NOTE: Landmark’s policy is to decline all requests for early repayment of Term Investment Accounts unless exceptional circumstances apply. If Landmark agrees to an early repayment, Landmark reserves the right to adjust the interest rate to equate to a rate for the period for which the funds were actually invested
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| Maturity of deposits |
- Written notice will be provided to you two-four weeks prior to maturity
- You must notify Landmark in writing to make any changes on your term deposit.
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How to apply for a Landmark Term Investment Account
You will require Adobe Acrobat Reader® to view or print the PDF files. You can download the program from the Adobe website (new window).
ASIC requires us to advise that you risk losing some or all of your principal investment when subscribing to unsecured deposit notes, which are not a bank deposit.
This general advice is provided by Landmark Operations Limited ABN 73 008 743 217 (AFSL 247332) (Landmark) and relates to unsecured deposit notes and associated payment facilities issued by Landmark. This information does not take account of your objectives, financial situation or needs. You should consider the appropriateness of this advice, read the current Prospectus and combined Financial Services Guide/ Product Disclosure Statement dated 19 February, 2009 (Prospectus No. 8) for this product available from your local Landmark outlet and complete the application form in Prospectus No. 8 if you wish to acquire unsecured deposit notes. ASIC requires us to advise that you risk losing some or all of your principal investment when subscribing to unsecured deposit notes, which are not a bank deposit. For an explanation of our credit rating please refer to page 29 of Prospectus (No. 8).
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