GLEBE INCOME ACCOUNTS
MEETING INVESTMENT NEEDS

FREQUENCY OF INTEREST PAYMENTS

AT-CALL ACCOUNTS

  • Interest on All-In-One Accounts and At-Call Premium Accounts will be reinvested into your account at the end of each calendar quarter (March, June, September and December).

 

 

TERM ACCOUNTS

  • You can choose to have your interest paid monthly, quarterly, half-yearly, yearly or on maturity. (For terms of more than twelve months, interest must be paid at least annually on the anniversary of the investment)

NOTE: If interest payment day is not a Sydney business day, the payment will be made on the next Sydney business day.

 

 

MONTHLY INTEREST PAYMENTS

Monthly interest payments will be made on the same day of the month (the “corresponding day”) as the day on which your investment was accepted or on the last day of a month, if necessary, where an investment was accepted on the 29th, 30th or 31st day of a month. For the purpose of calculating monthly interest, a month will be taken to end on the day immediately preceding the corresponding day.

     


 

QUARTERLY INTEREST PAYMENTS

Quarterly interest payments will be made on the same day of the quarter (the “corresponding day”) as the day on which your investment was accepted or on the last day of a month, if necessary, where an investment was accepted on the 29th, 30th or 31st day of a month. For the purpose of calculating quarterly interest a quarter will be taken to end on the day immediately preceding the corresponding day.

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OTHER PAYMENT PERIODS

Half-yearly interest payments will be made on the same day of the half-year (the “corresponding day”) as the day on which your investment was accepted or on the last day of a month, if necessary, where an investment was accepted on the 29th, 30th or 31st day of a month. For the purpose of calculating half-yearly interest a half-year will be taken to end on the day immediately preceding the corresponding day.

For investors who elect to receive interest yearly, the year end will be deemed to occur on the anniversary of your investment.

Investors can elect to receive all interest on maturity for terms of less than twelve months. For terms of more than twelve months, interest must be paid at least annually on the anniversary of the investment.

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