Regular income investments
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.
- Either 12 or 24 month term
- Competitive interest rates
- Interest calculated on daily balance
- Interest paid monthly
- Account information available 24/7 by internet, mobile phone and telephone banking
- Renewal notices sent to you 10 - 14 days prior to the end of the term
- Minimum deposit of $5,000 required
- Minimum account balance of $1,000 must be maintained
- Withdrawals permitted only on maturity
How to apply
Please note the above information does not take into account your personal circumstances and is general information 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.
* To open a term deposit online, you must be a current client of B&E; be 16 years of age or older; be signed up for B&E internet banking; and open the account in your individual name or as a joint account holder with another client (individual). Accounts cannot be opened in names other than those of an individual(s).