| Redifund Plus Account S50
This account is available to Edvest Members or to Members aged 45 and over who wish to obtain higher returns similar to a Cash Management Account.
A minimum balance of $5,000 is required to maintain the account and each transaction either withdrawal/deposit/transfer must be a minimum $500. Deposits are on call after 7 days and subject to cheque clearance.
Redifund rates are reviewed regularly in line with market conditions.
We will calculate interest on the daily closing part tiered balance of your Redifund Plus Account/s and pay it to your account at the close of business on the last day of each calendar month.
- Term: 7 days, then at call subject to cheque clearance.
- Interest: Paid at the end of each month.
- Interest paid on part tier balances. Interest is calculated on the amount in each tier at the rate applying to that tier. It is not paid on the total amount at the highest tier rate.
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