Method of receiving interest payments is elected at the time of investment and may be changed on the annual anniversary of that date. The rates of interest for all Fixed Rate Notes will be set by the Church Extension Fund. The rate of interest on new Fixed Rate Notes to be offered is is subject to change at any time. The stamps may be purchased on account and paid for as they are sold. Upon direction of the individual investor, Magna will invest the investors funds in the LCEF, which will in turn invest funds with the Church Extension Fund.
Account is designed to provide a short-term investment vehicle for congregation funds.
The account features a variable interest rate, monthly compounding of interest and monthly statements. Additional deposits and withdrawals may be made at any time, in any amount, without penalty. Building Fund Account . Account is designed to provide an investment vehicle for congregations accumulating funds for a building project. The account features a variable interest rate, monthly compounding of interest and quarterly statements.