We’re delighted to offer you the opportunity to invest in our highly competitive term deposit interest rate for five year investments.
At 7.00% p.a. that’s a BIG return on your savings.
And, you can take comfort knowing that you are investing in MAS's own subsidiary company, Medical Securities Limited, which has an A-/Stable rating from Standard & Poor's for its term deposits.
Want to invest for a different term?
Check out the table below for our great interest rates for terms from three months to five years.
Interest rates
|
Term |
New investments less than $25,000 |
All GOLDSHIELD or reinvestments or new investments of $25,000 or more |
|
5 years |
7.00% p.a. |
7.00% p.a. |
|
4 years |
6.65% p.a. |
6.90% p.a. |
|
3 years |
6.50% p.a. |
6.75% p.a. |
|
2 years |
5.75% p.a. |
6.00% p.a. |
|
18 months |
5.35% p.a. |
5.60% p.a. |
|
12 months |
5.35% p.a. |
5.60% p.a. |
|
9 months |
5.00% p.a. |
5.25% p.a. |
|
6 months |
4.75%p.a. |
5.00% p.a. |
|
3 months |
4.25% p.a. |
4.50% p.a. |
All interest rates are current as at 3 August 2010 and all rates are subject to change.
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.
Want to take advantage of our great interest rates? Apply now
To invest now, download and complete the application form at the back of the Debenture Term Investments and Savings Plan Investment Statement.
For further information, you can also download the MSL 2009 Prospectus or view the company’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.
Investments in Debenture Term Investments are secured by first ranking registered secured stock of Medical Securities Limited. Minimum investment of $500, with investment terms from three months to five years. The issuer of the Debenture Term Investments is Medical Securities Limited.
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