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LANDMARK | 27 November 2007

Landmark lifts rates on deposit products


Landmark Financial Services has increased the interest rates on its transaction, savings and investment accounts. Product Manager for Deposits, Travis Morgan said the rate changes reflect recent movements in the financial market place.

 

“Customers will benefit from rate increases to a number of our products including the launch of two special Landmark investment rate offers,” Mr Morgan said.

 

“Offer 1 is a special 7.20% 6 month term deposit. This offer is available to customers who deposit new funds amounts of $5000 or more with interest paid at maturity.

 

“For customer seeking a longer term fixed investment rate, Offer 2 provides an alternative special 7.25% 12 month term deposit available to all customers for amounts of $5000 or more with interest paid at maturity."

 

Other rate changes apply to the online only Blue Ribbon Direct account and the multi channel access Call Investment Account.

 

Clients can apply for a Landmark deposit product by reading and completing the current Prospectus available at Landmark branches or from http://finance.landmark.com.au/.

 


Summary of Key Interest Rate Changes
  • 6 month rate 7.20% for amounts of $5,000 and over interest paid at maturity
  • 12 month rate 7.25% for amounts of $5,000 and over interest paid at maturity
  • Blue Ribbon Rate is 6.80% pa for all amounts
  • Call Investment Account top tier rate is 6.20% for amounts $100,000 and over
  • 1 month rate 6.30% pa for amounts of $50,000 and over
  • 3 month rate 6.80% pa for amounts of $50,000 and over
  • 4 month rate 7.00% pa for amounts of $50,000 and over
  • 6 month rate 7.10% pa for amounts of $50,000 and over interest paid quarterly
  • 12 month rate 7.00% pa for amounts of $50,000 and over interest paid quarterly
  • 24 month rate 6.50% pa for amounts of $50,000 and over interest paid quarterly
  • 36 month rate 5.50% pa for amounts of $50,000 and over interest paid quarterly

 

For further information contact:
Travis Morgan
Product Manager –Deposits
Phone: 03 9209 2922

 

Subject to change without notice.
This information is provided by Landmark Operations Limited ABN 73 008 743 217 (AFSL No. 247332) and relates to unsecured deposit notes and associated payment facilities issued by Landmark. This information may contain general advice prepared without taking account of your objectives, financial situation or needs. You should, before acting on the advice, consider the appropriateness of the advice having regard to these matters. You should also obtain the current Prospectus and combined Financial Services Guide/ Product Disclosure Statement (Prospectus) for this product from your local Landmark outlet before making any decision about whether to acquire or continue to hold the product. The offer of unsecured deposit notes is made in the Prospectus. If you want to acquire unsecured deposit notes and open an Account with Landmark, you will need to complete the application form in the Prospectus


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