Integrated Credit Union Term Fund

• Designed to provide a better after-tax return to UK tax resident individuals who have a 30% or 33% marginal tax rate when compared to the after-tax return of a term deposit offering the same rate for the same term and charging the same fees.
• Invests solely in Pound Sterling, interest bearing deposits with Integrated Credit Union
• Tax on your share of income earned by the Integrated Credit Union Term Fund will be taxed at your Prescribed Investor Rate (PIR) of 0%, 10.5%, 17.5% or 28%.
• No part of an Integrated Credit Union Term Fund account balance can be withdrawn before the maturity date, other than in exceptional circumstances that we approve.
• A break fee will be charged for early withdrawals from your account.
• There are no account or transaction fees. Service fees may apply.
• Minimum investment of £5,000.
• The maximum investment across all Integrated Credit Union Term Fund accounts held either solely or jointly with any other person is £10,000,000.

Easy to open.

You can open an Integrated Credit Union Term Fund account by logging into online banking, at any time. If you are not registered for online banking, or you are new to Integrated Credit Union, call + 442080404496, or visit an Integrated Credit Union branch.

Simply choose:

• How long you want to invest for.
• How you'd like the returns to be paid.

Return payment options

• For terms of six months or longer, returns can be paid at maturity, or compounded and paid into a nominated account at certain intervals. Monthly returns cannot be compounded.

• A £1 investment buys 1 unit.
• Returns are earned daily and paid on maturity. If the term is six months or longer, you can choose, at the date of investment, for returns to be paid at intervals during the term.
• Tax payments are made for you by the cancellation of units in your account equal to the value of the tax you need to pay.
• Once a year, shortly after 31 March, you will receive an annual tax certificate.