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As part of our strategic development, Canning's Employees' Credit Union Co-Operative Society Limited continues to pursue policies that expand and enhance our investment management service. CECU is poised to offer our members' stability as we make investments with the potential to:
- Minimize risk, and
- Maximize return.
Golden Star Account
The Golden Star Account provides flexibility and convenience for the CECU Member. Golden Star is designed to encourage you to save and invest wisely those extra funds from your new disposable income.
Golden Star comes with special interest rates, paid semi annually and annually.
Benefits of the Golden Star Account
- 3% interest earned annually
- Interest is paid semi annually and annually on the average balance
- Golden Star is separate and apart from your share account
- Golden Star is a sound secure plan that still allows you flexibility and convenience.
Who Qualifies for a Golden Star Account?
Once you are a member of the CECU family you automatically qualify for a Golden Star Account.
CECU Term/Fixed Deposits
When taking out a CECU Fixed Deposit, the member pledges to leave a stipulated amount of money for a specified time and agrees to receive an interest rate for that time period. Interest rates vary between 3% to 5% per annum. All deposits are repayable on demand but early redemption penalties apply.
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Minimum Deposit
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$5000.00
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Period
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1 year
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CECU Fixed Deposit Rates
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Amount
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Est. Rate
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Retirees Rate
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5,000 - 25,000
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3.0
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3.15
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25,001 - 50,000
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3.25
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3.5
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50,001 - 100,000
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3.75
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4.0
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100,001 - 500,000
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4.5
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5%
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Break Rates
Under 90 days, four (4%) percent below established rate.
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5,000 - 55,000
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2.0% Less
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50,001 - 100,000
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1.75% Less
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100,001 and over
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1.5% Less
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N.B.: Members wishing to pledge their fixed deposits as collateral for loans would only be permitted to borrow to the extent of the Fixed Deposit. The Character limit would not apply.
Contact us for further information on these CECU investment options. |
