Designated Deposit ll Terms and Conditions

Specific Terms and Conditions for the Designated Deposit II Account

1 - Account Holder Criteria
This deposit account can only be opened and operated by a solicitor, not a private individual.

2 - Minimum Investment Limit
There is no minimum investment limit on this account.

3 - Account Operation
This account can only be operated via a record card with an internet option.

4 - Withdrawals
Withdrawals made via electronic transfer must be made to a nominated bank account.

Electronic transfer requests received by 2:00pm on each working day are processed the same day. Transfer requests made after 2:00pm are processed the following working day. Customers wishing to transfer by Chaps/Telegraphic Transfer payment must notify the Society by 2:00pm on the day the funds are to be sent. Furthermore, a telephone call to Customer Services at Head Office is required to confirm the details sent electronically by 2:00pm on the day of the transfer.

5 - Interest
Interest is variable and calculated on a daily basis on the balance in the account. Interest on this account is paid annually on March 31 or upon closure, whichever is sooner.

Interest is paid net of any income tax.

6 - Account Closure
Closure of the account can only be made in person or in writing.

7 - Membership Rights
This account is not a share account and therefore has no Society membership rights.

8 - Terms and Conditions
These Specific Terms and Conditions apply to this account in addition to our General Terms and Conditions for Savings Accounts and our 'My Accounts' Terms and Conditions (if the solicitor has elected to use our online facilities). Where there is any inconsistency between the General Terms and Conditions for Savings Accounts and the Specific Terms and Conditions, the Specific Terms and Conditions will apply.