**From 16 January 2019, no new Call Accounts will be opened. Existing Call Accounts will remain open for customers to continue to use.**
The UDC Call Account gives you easy access to your money while offering competitive, on-call interest rates.
There are no fees, no minimum regular payments and you can manage your money either online or by phone.
You can access your money online through UDC Live or you can call our Investor Services team on 0800 652 832 between 8.00am and 5.00pm Monday to Friday.
If you require the funds in your bank account the following day, transactions must be completed either by phone or on-line before 4.30pm.
Deposits into your UDC Call Account can be made by direct debit, automatic payment or through your bank's telephone or internet banking systems.
Withdrawals from your UDC Call Account will be direct credited to your nominated account.
- Easy access to your money
- Competitive interest rates
- No account or transactional fees
- No minimum or regular payments needed to earn a higher interest rate
- Online access through UDC Live
Call us to discuss your investing requirements: 0800 652 832
or enquire online and we'll be in touch.
|Investment Amount ("Principal")||Minimum initial balance $5000|
|Term of Investment ("Term")||There is no fixed term. You can request repayment at any time.|
|Interest Rate ("Rate")||We set the interest rates on a regular basis after considering current market conditions. Rates are subject to change without notice. View our rates online.|
|Interest payments||Interest is calculated on your daily balance and compounded on the last day of each calendar month.|
|Minimum deposit or withdrawal||If you use UDC Live, our online system, there is no restriction on the amount you can deposit or withdraw. However if you use another method to transact on your account (e.g. by telephone or internet banking) there is a minimum transaction amount of $500 each time (unless you are withdrawing your entire balance).|
|Fees||There are no account or transactional fees on a Call Account.|
|Tax||Interest earned on your savings is taxable. We will deduct resident withholding tax, non-resident withholding tax, or approved issuer levy (as applicable) from the interest, then pay the balance to you.|