COK Depositor MaXX


  • What is the COK Depositor MaXX Account?
    a. The Depositor MaXX account is a special account designed to allow COK Members to earn premium interest on their deposits.

  • What is the minimum deposit amount?
    a. Minimum deposit amount $50,000

  • Is there a maximum amount you can deposit to this account?
    a. No

  • Can an individual open more than one Depositor MaXX account?
    a. Yes. A member may open as many Depositor MaXX accounts as he chooses.

  • What is the interest rate on the Depositor MaXX product?
    a. Interest rate: 7%

  • When is interest paid on the product?
    a. Interest payments: Monthly (Deposited to Members Golden Egg Account).

  • Is the interest rate fixed or variable?
    a. Interest rate is fixed.

  • What is the duration of this product?
    a. The product tenor is 3 years.
    b. Duration of the product: August 1, 2023 - July 31, 2026.

  • Is the interest earned taxable?
    a. Yes. The interest earned will be subject to tax.

  • Is there a fee associated?
    a. Yes. A flat fee of $500+ gct is chargeable for every Depositor MaXX account opened.

  • When will the principal be available to a member?
    a. Principal redeemable August 1, 2026.

  • 12 Where can a member access the product?
    a. Product is available at all branches.

  • Is it available online?
    a. Yes. Members have the option to indicate an interest in the product online via

  • Will the member be required to visit the branch?
    a. Yes. The member will be required to visit the branch to finalize the purchase and assign a beneficiary.