More about
- Designed to provide a better after-tax return to United States tax resident individuals who have a 30% or 33% marginal tax rate when compared to the after-tax return of a term deposit offering the same rate for the same term and charging the same fees.
- Invests solely in US Dollar, interest bearing deposits with ABC Bank
- Tax on your share of income earned by the ABC Bank Term Fund will be taxed at your Prescribed Investor Rate (PIR) of 0%, 10.5%, 17.5% or 28%.
- No part of an ABC Bank Term Fund account balance can be withdrawn before the maturity date, other than in exceptional circumstances that we approve.
- A break fee will be charged for early withdrawals from your account.
- There are no account or transaction fees. Service fees may apply.
- Minimum investment of $5,000.
- The maximum investment across all ABC Bank Term Fund accounts held either solely or jointly with any other person is $10,000,000.
Easy to open.
You can open an ABC Bank Term Fund account by logging into online banking, at any time. If you are not registered for online banking, or you are new to ABC Bank, call +19293602951, or visit an ABC Bank branch.
Simply choose:
- How long you want to invest for.
- How you'd like the returns to be paid.
Return payment options
- For terms of six months or longer, returns can be paid at maturity, or compounded and paid into a nominated account at certain intervals. Monthly returns cannot be compounded.