- Do I have to be an Encompass member to open a term investment?
- What is the minimum amount to open a term investment?
- How do I make withdrawals from my account?
- What happens at maturity?
- How often will I receive information on my account?
- What if I want to invest longer than 24 months?
Do I have to be an Encompass member to open a term investment?
Encompass Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Therefore we require that you must be a member of the Credit Union to open a term investment. Learn about the benefits of membership. ^
What is the minimum amount to open a term investment?
You can open a term investment account with a minimum of $1,000. ^
How do I make withdrawals from my account?
Your funds are available at the end of your chosen term. You can prearrange to either reinvest your funds into another Term Investment at the end of your chosen term or have your funds transferred to an existing Encompass account so the money can be accessed. ^
At maturity you can:
- Automatically re-invest your funds for another term;
- Add extra funds;
- Transfer all or part of the funds to an existing account within Encompass. ^
How often will I receive information on my account?
Statements are issued every six months, or if required, monthly. Duplicate statements can be requested at any time from our Branches or by contacting our Call Centre.
Account Balances and Statements are also available through our Internet and Ready Phone banking services. ^
What if I want to invest longer than 24 months?
If you are in a position to invest for longer than 24 months, or you would like to find out your other options for investing, you may wish to consider alternative or complimentary investments that offer additional advantages. At Encompass Credit Union we offer a financial planning service through our partnership with Bridges Personal Investment Services. They have friendly financial planners who would be happy to discuss your long term options with you. Please contact us to arrange for a free, no obligation initial consultation at your convenience. ^
Apply
Apply for a Term Investment 
Questions?
If you have any questions, please contact us 