Hume Building Society has a range of investment products to offer, giving you, as an investor, both choice and flexibility.
Standard Options
The minimum required to invest is $1,000 for periods ranging from one month to three years. The amount and period of your investment will determine the rate. If you have $5,000 or more to invest, Hume will often have a special rate on offer that will give you a greater return on your investment.
Interest is credited upon maturity for investments less than thirteen months, and twelve-monthly and at maturity for investments greater than thirteen months.
Regular Income Options
The Regular Income Option allows you to receive interest every 28 days. There is a minimum of $5,000 required for a term of six months to three years.
Negotiated Rates
Hume offers negotiated rates on amounts over $100,000. You can negotiate the interest rate and length of term to best suit your needs.
Flexible Payment Option
When your term investment matures you choose the method of payment which vary from crediting your Hume savings account, having a cheque mailed to you, or simply reinvesting either the principal or the principal and interest for a further fixed period.
Special Benefits
Hume term investment accounts incur no fees or charges. Members with a qualifying home loan or term investments totalling $10,000 or more, may receive a fee-free transaction account (terms and conditions apply).