Savings Accounts

Interest Rates effective 20 December 2011.

Everyday and Budget Accounts (S1, S2)
$0-$14,999 0.05% p.a.
$15,000-$29,999 0.10% p.a.
$30,000 and over 0.25% p.a.
Deeming Account (S9)
$0-$44,600 3.00% p.a.
$44,601 and over 4.50% p.a.
Cash Management (S10)
$0-$4,999 1.50% p.a.
$5,000-$19,999 3.75% p.a.
$20,000-$49,999 4.25% p.a.
$50,000-$99,999 4.50% p.a.
$100,000 and over 4.50% p.a.
First Home Saver Account (S20)
Pre-tax 4.55% p.a.
After 15% tax1 3.8675% p.a.
Christmas Club (S3)
All amounts 1.00% p.a.
First Access (S18)
All amounts 1.00% p.a.
First Saver (S19)
$0-$1,999 3.50% p.a.
$2,000 and over 4.55% p.a.
Online Saver Accounts (S99)
$0-$1,999 0.05% p.a.
$2,000 - $149,999 4.55% p.a.
$150,000 + 4.55% p.a.

Bonus Saver Account (S98)
Interest Rates effective 1 January 2012
  Base Rate With Bonus Rate2
$0-$14,999 0.05% p.a. 4.05% p.a.
$15,000-$29,999 0.10% p.a. 4.10% p.a.
$30,000+ 0.25% p.a. 4.25% p.a.

Term Deposits

Interest Rates effective 20 December 2011.

Term Deposit Interest Rates3
  $500- $19,999 $20,000- $49,999 $50,000- $99,999 $100,000+
30 days (I18)
 4.25% p.a. 4.25% p.a. 4.25% p.a. 4.25% p.a.
60 days (I17)
 4.25% p.a. 4.25% p.a. 4.25% p.a. 4.25% p.a.
90 days (I16)
 5.45% p.a. 5.45% p.a. 5.60% p.a. 5.60% p.a.
120 days (I7)
 5.45% p.a. 5.45% p.a. 5.60% p.a. 5.60% p.a.
180 days (I15)
 5.25% p.a. 5.25% p.a. 5.40% p.a. 5.40% p.a.
270 days (I1)
 5.25% p.a. 5.25% p.a. 5.40% p.a. 5.40% p.a.
1 year (I12)
 5.10% p.a. 5.10% p.a. 5.20% p.a. 5.20% p.a.
2 years (I24)
 5.30% p.a. 5.30% p.a. 5.40% p.a. 5.40% p.a.
3 years (I36) 5.50% p.a. 5.50% p.a. 5.50% p.a. 5.50% p.a.
4 years (I48) 5.60% p.a. 5.60% p.a. 5.60% p.a. 5.60% p.a.
5 years (I60) 5.60% p.a. 5.60% p.a. 5.60% p.a. 5.60% p.a.

Regular Income Term Deposit (I3) (Conditions Apply)
Minimum Deposit $5,000 5.20% p.a.

School Accounts

Interest Rates effective 20 December 2011.

School Cash Management (S55)
$0 - $4,999 0.05% p.a.
$5,000 and over 4.50% p.a.

School Term Deposits

Interest Rates effective 20 December 2011.

School Term Deposit Interest Rates3
  $5,000-$99,999 $100,000+
30-90 days (I4) 5.60% p.a. 5.60% p.a.
120 - 180 days (I5) 5.60% p.a. 5.60% p.a.

Preschool Accounts

Interest Rates effective 20 December 2011.

Day to Day Account (S41)
$0-$14,999 0.05% p.a.
$15,000-$29,999 0.10% p.a.
$30,000 and over 0.25% p.a.
Fundraising Account (S43)
$1 upwards 1.00%p.a.
Petty Cash Account (S44)
$1 upwards 0.05% p.a.
Preschool Savings Account (S46)
$0 - $4,999 0.05% p.a.
$5,000 and over 4.50% p.a.
Long Service & Sick Leave Provisions Account (S47)
$1 upwards4 4.00% p.a.

Preschool Term Deposits

Interest Rates effective 20 December 2011.

Preschool Term Deposit Interest Rates3,5
  $500- $4,999 $5,000- $99,999 $100,000+
One Year (I40) (LS&SL Provisions) 5.20% p.a. 5.20% p.a. 5.20% p.a.
30 - 90 Days (I41) N/A 5.60% p.a. 5.60% p.a.
120 - 180 Days (I43) N/A 5.60% p.a. 5.60% p.a.

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates
Part C - Interest Rates (Schools and Preschools)

  1. The Government requires the Credit Union to collect tax of 15% on your interest earnings, and disclose the after tax rate.
  2. Bonus rate applies when no withdrawals and at least one deposit is made in the month.
  3. A Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term.
  4. At the end of each quarter, the balance of the S47 will be transferred into One Year Term Deposit (I40).
  5. Interest on I41 and I43 calculated daily and credited on maturity.

 

The relevant provisions of the Mutual Banking Code of Practice apply to these services and facilities. The Credit Union may charge a fee for these services and facilities. Refer to the Fees and Charges brochure, available on request. Full terms and conditions including variations to interest rates are prescribed in the Terms and Conditions brochure, available on request. Subject to change without notice.