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UDC Telephone Call Account

  A UDC Telephone Call Account gives you ready access to your funds while offering   competitive, on call interest rates that are fixed for the entire calendar month - even if   market rates fall. Our fully secured Call Account lets you manage your deposits and   withdrawals by telephone from the convenience of your home or office. Withdrawals are   paid by direct credit only to the bank account authorized by you on your application   form. Deposits may be made by direct debit or through your bank's telephone or   Internet banking facilities. 


PRODUCT FEATURES AND BENEFITS  
  Minimum investment
$5,000
  Toll Free access
Phone 0800 653 832 Monday to Friday between 8 am & 5pm. Transaction requests received after 4.30 pm will be processed the next business day.
  Minimum withdrawal and   deposit
Minimum withdrawal amount or one-off deposit amount is $500 and a balance of $5,000 must be maintained.

Telephone or internet banking transfers can be arranged.

Regular automatic payments to deposit funds to the UDC Telephone call Account may be set up. Repayable on demand subject to clearance of funds.
  Interest rates
Fixed for the calendar month

The daily On Demand Rate will be applied to an investment falling below the minimum investment balance. This rate is lower than the call interest rate provided to Telephone Call Account investors, and details of this rate are available by contacting us on 0800 652 832.
  Interest frequency
Calculated on daily balance and compounded or direct credited monthly.
  Transferable to a Secured   Term Investment
Funds may be transferred to a UDC Secured Term Investment in the same name(s) as the Call Account simply by phoning our toll free number.
  Fees
There are no fees on the UDC Telephone Call Account.
  Withholding tax
Interest earned is taxable. Tax is deducted before interest is paid or compounded.
  Identification
Please refer to the Terms & Conditions section for identification requirements.
  Security
Your Telephone Call Account is fully secured by UDC First Ranking Debenture Stock.
 

Deposit Clearance

  Electronic transfer is the preferred and most efficient method of depositing funds to   your Call Account. It also allows the fastest clearance of funds. Telephone or Internet   Banking can be arranged through your bank as a bill payment option for immediate   clearance of funds. Direct Debit enables UDC to transfer funds, at your request, from   your nominated bank account to your Call Account. Automatic payments can also be   set up with your bank. Direct debits and automatic payments require three working   days' clearance. Cash or cheque deposits may be made at any ANZ branch using a   personalized deposit book. You will need to request a deposit book from UDC if you   choose to make manual deposits to your account.
  Seven working days' clearance is required for manual deposits.

  Read the Investment Statement(PDF, 13kb)  Investment Statement (PDF, 46kb)

  To read a Adobe Acrobat (PDF) File file, you will need access to Adobe Acrobat Reader.
  You can download the Adobe Acrobat Reader from Adobe.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product.
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