Saving for a big purchase or a rainy day? Need ready access to your money?

Medical Assurance Society’s Savings Plan offers:

• On-call access to your savings – call anytime during working hours to make withdrawals.
• A highly competitive interest rate – 3.75%*.
• No minimum balance.
• No fees – saving you more.
• Save what you want, when you want – absolute flexibility.

$500 prize draw

Open a Savings Plan, pay into it at least every two months and we’ll put you in our bimonthly prize draw to win $500 deposited into your account.**
 
Recent winners:

April/May 2010                               Peninsula Medical Centre, Wellington
February/March 2010                     Dr Joanna Glengarry

December 2009/January 2010       Mrs Raewyn Mitchell

October/November 2009                Dr Claire Isham
August/September 2009                Ms Anne-Marie Wijnveld
June/July 2009                               Dr AJ and Mrs J Holmes

New Zealand deposit guarantee scheme

Medical Securities Limited is MAS’s subsidiary investment and finance company. It has a guarantee under the Government’s deposit guarantee scheme, which is valid until 12 October 2010.

As you may be aware, the current government retail deposit guarantee scheme is due to end on 12 October 2010. At that time, MAS and other deposit-taking financial institutions have the option of reapplying for a guarantee under the government’s replacement scheme. The Government has significantly raised the cost of the scheme, which means that for MAS to obtain a guarantee for all of Members’ deposits, we would have to pay considerably more than we pay now.

We are confident in MAS’s financial strength, which comes from the strength of our membership. The money you deposit with us is only lent to those who already have met our rigorous membership eligibility criteria. Our stability is also reflected in our A-/Stable rating from Standard & Poor’s for Medical Securities Limited. For these reasons, MAS does not intend to join the new government guarantee scheme. We would prefer to give the money we will save back to Members by offering more competitive returns on your investments.

Read our FAQs or go to www.treasury.govt.nz/economy/guarantee/retail to find out more.

Competitive interest, on-call savings: sounds good? Apply now
 
To take advantage of our great interest rate, download and complete the application form at the back of our Debenture Term Investments and Savings Plan Investment Statement.
 
For further information, you can also download the Savings Plan 2009 Prospectus or view Medical Securities Limited’s financial accounts for the year ended 31 March 2009.

Or you can contact us – phone 0800 800 MAS (627) or email society@medicals.co.nz.