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Border Bank Market Linked

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Get term deposits rates without the commitment.

The Border Bank Market Linked savings account can reward balances over $5,000 with an interest rate in line with money market rates. The money market is where large institutions trade cash. Access money market rates through a money market account and you get one of the best deals around on your cash investment.

0.25% p.a.

Maximum variable rate

0.25% p.a.

Base interest rate

$500

Minimum opening balance

Details

Product NameBorder Bank Market Linked - DISCONTINUED
Maximum Variable Rate0.25% p.a.
Standard Variable Rate0.25%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$500

Key features

Market linked savings account

The Market linked account has an interest rate tied to money market rates. Compared to savings accounts and other interest bearing accounts, a market linked savings account gives you a better return on your investment.

Interest

The Market Linked account offers one of Border Bank's highest rates of interest. Only the Border Bank Edvest savings account and term deposits can offer you a better return. Interest is calculated on your account balance every day and paid into your account twice a year on the 30/06 and the 31/12.


How to apply

Visit Border Bank website to start a secure online application for the Market Linked account. If you're a Border Bank member, you can enter your Border Bank membership number to skip the first steps of the application where you're asked to provide your contact information. If the Market Linked account is your first Border Bank product, you'll need to become a member of the customer owned bank before you can open the account.

Information

Enter your name, date of birth, residential address, email, your preferred contact number and the best time to be contacted by a Border Bank representative. Select the Market Linked account (S15) from the list of Border Bank products and agree to the term and conditions.

You'll be contacted shortly after with the next steps about becoming a member of Border Bank. Border Bank are a customer owned financial institution, every customer is a member and the members all get a say in how the institution is governed. For this right, you're asked to provide a guarantee of $10 in the event Border Bank ceases to operate.

To open this account and become a member of Border Bank, you're required to verify your identity. This can be done by providing acceptable forms of identification.

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