(PRWEB) April 13, 2010
SMTD term deposits come with a bonus interest rate of up to .25% p.a. for 5 million members of ME Banks participating super funds and unions. For example, the 3-month term gives five.75% p.a. for members of participating super funds and unions and five.50% p.a. for the basic public.

ME Bank’s participating super fund and union members currently earn a discount on their property loan with Super Member Home Loans.

The launch of this preferential deposit solution for super fund and union members coincides with the launch of our national brand advertising campaign, which reaffirms the banks alliance with the business superannuation movement.

In one more first for the bank, ME Bank is supplying all of its customers the opportunity to select their own versatile term for their deposit.

National Marketing Manager, Bevan Morris, said clients can select a Term Deposit maturity date to coincide with the achievement of their savings purpose such as a wedding day, an overseas holiday payment, or a house acquire settlement.

ME Bank is extending its Super Members product range from its current Super Members Home Loans, which has up to a .45% p.a. discount for participating super fund members and unions, to other items in the variety.

“ME Bank is simply providing further benefits to members of our participating funds and unions,” Bevan mentioned.

“Customers will be supplied variable maturity lengths on term deposits from 1 month to 24 months for both Retail and Enterprise term deposits,” he stated.

“The minimum deposit will be $ 1,000 rather than $ five,000 as per the existing product.

“Existing ME Bank customers will also be able to apply for a new term deposit and make modifications to their current term deposits and nominated accounts over the phone (primarily based on particular criteria getting met), as well as continue to apply for term deposits on the web.”

“This is a wonderful extension to our product range and will reinforce to our super fund and union members that ME Bank is their bank,” Bevan stated.

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