Terms and Conditions for Term Deposits

• H.M.C. Staff Credit Union Ltd ("your Credit Union") reserves the right to vary these Terms and Conditions for future lodgements without prior consent.
• General descriptive information is available for all products and services.
• The interest earned on your Term Deposit will be paid as indicated on the application form.
• The interest rate is not subject to variation during the term of investment.
• Unless written instructions to the contrary are received on or before the date the Deposit matures, the Credit Union may renew the Deposit for a similar fixed term at the interest rate then payable by the Credit Union on deposits for that term.
• The deposit is lodged on the basis that it is not withdrawable before the date on which it matures.
• Early redemption of the deposit is a breach of these terms and conditions and is subject to approval of your Credit Union and a fee.
• A Term Savings Certificate will be issued on acceptance of the Investment.
• Interest is calculated daily on the balance of the account and will be credited to the account as indicated on the application.
• Your Credit Union may appropriate the credit balance of the account towards repayment of any debt, the member owes to your Credit Union.
• Statements will be sent each six (6) months (at least).
• Fees and charges are payable on this account.
• Current interest rates, fees and charges are available on request.