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Regular Income Investment Account |
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"I'm a retiree wanting to earn a regular income off my investment …"
It doesn’t take long for the truth to hit home: bills don’t stop arriving when you stop working.
It’s what inspired us to develop the B&E Regular Income Investment Account. You’ll find it’s a great way to make the most of your retirement income.
All you need is $5,000 or more, and be ready to invest it for a fixed term of one or two years. What you’ll love is that you’ll then start receiving interest payments every month. It can be paid to you by cheque, or if you prefer, it can be credited directly to your B&E Savings Account each month.
And there’s another great advantage to the Regular Income Investment Account ... you can easily add to your investment at any time, with further deposits of $1,000 or more.
Please note: we don’t normally permit any withdrawals during the term of your investment. However, let us know about any special circumstances – and we’ll give consideration to an early withdrawal. But you should take note that any such withdrawal will attract a reduced interest rate.
| Regular Income Investment Account features |
| Term |
Either 12 or 24 months |
Interest rate
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Current Regular Income Investment Rates |
Interest calculation
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On daily balance
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| Interest paid |
Monthly; via either an interest cheque, credit to your nominated B&E Savings Account, or
reinvestment to the Regular Income Investment Account
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| Minimum account balance/opening deposit |
$5,000
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Additional deposits
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A minimum of $1,000 at any time. However, please note that the term will recommence from the date of the last deposit at the then current interest rate
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Withdrawals
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The minimum balance of $5,000 is to be maintained. Withdrawals are normally only permitted on maturity.
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Renewal notice
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Sent to you 10 - 14 days prior to expiration of the term
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| Access to information |
You can obtain account information, balances and statement requests via Telephone and Internet Banking |
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Please note the above information does not take into account your personal circumstances and is general advice only. Before opening any B&E Investment account, please read the Product Disclosure Statement (PDS) and our Schedule of Fees and Charges and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local branch. |
