Landmark Term Investment Account
| Minimum account balance |
- $1,000 minimum initial investment (this may be waived by Landmark in specific instances)
|
| Term |
|
| 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
|
| 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.
|
How to apply for a Landmark Term Investment Account
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 information is provided by Landmark Operations Limited ABN 73 008 743 217 (AFSL No. 247332) and relates to unsecured deposit notes and associated payment facilities issued by Landmark. This information may contain general advice prepared without taking account of your objectives, financial situation or needs. You should, before acting on the advice, consider the appropriateness of the advice having regard to these matters. You should also obtain the current Prospectus and combined Financial Services Guide/ Product Disclosure Statement (Prospectus) for this product from your local Landmark outlet before making any decision about whether to acquire or continue to hold the product. The offer of unsecured deposit notes is made in the Prospectus. If you want to acquire unsecured deposit notes and open an Account with Landmark, you will need to complete the application form in the Prospectus.
Top of Page