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H.M.C. Staff Credit Union Ltd ("your
Credit Union") reserves the right to vary these Terms and
Conditions without prior consent.
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When changes of Terms and Conditions, interest
rates or Fees and Charges occur, your Credit Union will provide
written notice of the change to each affected member at least 30
days before it takes effect except where the variation will result
in a reduction, then the member will be advised the next time your
Credit Union corresponds.
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General descriptive information is available
for all products and services.
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Interest is calculated on the minimum monthly
balance of the account and will be credited to the account in March
and September.
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Debit interest is calculated daily on any
overdrawn balance and debited to the account in March and September.
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Your Credit Union may appropriate the credit
balance of the account towards repayment of any debt, the member
owes to your Credit Union.
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Restrictions apply to this account, as follows:
- A regular deposit must be received via Payroll Deduction or
Periodical Payment.
- Nominated time period must be at least six (6) months.
- Withdrawals from the Targeted Savings account outside the nominated period
and the nominated amount are
discouraged by being subject to a fee.
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Statements will be sent each six (6) months (at least).
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Fees and charges are payable on this account.
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Current interest rates, fees and charges are
available on request.