Interest Rates

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Deposit Interest Rates

Effective as at 18th May 2012  - For more information, visit our Savings Account section

Savings Accounts		Per Annum %
On Call Savings, Budget, Whole of Pay - S1, S2, S3, S7 - Cheque book access	$1 to $4,999.99 Portion of balance $5,000 and over	0.10 0.25
Christmas Club - S4		2.00
Investment Savings - S9 - Cheque book access (interest calculated daily paid monthly)	$1 to $199.99 $200 to $19,999.99 $20,000 to $49,999.99 $50,000 and over	Nil 1.75 3.25 4.00
Golden - S6 - Cheque book access Portion of S6	Less than $25,000 $25,000 and over	2.00 3.00
E Access Account - S8 - Only Internet and Phone Banking Access - Direct Credits are permitted	$1 to $4,999.99 $5,000 to $49,999.99 $50,000 and over	2.00 3.50 4.25

Fixed Term Savings Accounts	$500 < $5,000	$5,000 < $25,000	$25,000 +
3 months to less than 6 months	3.25	4.95	5.00
6 months to less than 12 months	3.25	5.00	5.05
12 months to less than 18 months	3.25	4.95 *	5.00 *
18 months to 24 months	3.25	5.00 *	5.05*

* - Choice of Interest payable either "On Maturity" or Monthly, to a CWCU "S" Account

Edvest Key Lifestyle (Interest paid Fortnightly, Monthly or Quarterly) *
Regular Income Account	$5,000 < $25,000	$25,000 +
12 months to less than 18 months	4.95	5.00
18 months to less than 24 months	5.00	5.05

* Edvest Kye Lifestyle is only available to members 45 years old or over.
The Credit Union reserves the right to accept and negotiate all deposits over $100,000

Cash Management Account (S10) and Mortgage Smart Plus Account (S12)
$1k	$5k	$10k	$25k	$50k
0.50%	2.00%	2.50%	3.25%	4.00%

Full Terms and Conditions available on application
Important Notice: At the Credit Unions absolute discretion it may consider a request from the depositor/s for the withdrawal of a Fixed Term Deposit prior to maturity. If the credit union agrees to the request, the credit union shall have the right to reduce the interest payable on such deposit. Interest in this circumstance will be calculated at the credit union's "Recast Rate" which will be the greater of 2% below the actual deposit rate, or the current "On Call Savings -S1" rate. If Fixed term Deposit has been lodged for less than 1 month at early redemption, no interest will be payable.

Fees and Charges may also apply

Loan Interest Rates (for NEW business)

Effective as 18th May 2012

Important Notice
The information provided on this web page about interest rates applicable to our loan products is indicative only (for new business). The actual interest rate applying to a loan will be disclosed in the "Loan Offer Document". The information on this web page is subject to that offer document.

The current interest rate applying to an existing loan is available from any Branch of the Credit Union on request.

	Per Annum % Variable	Comparison Rate
Classic Car Loan * For a typical loan for $20,000 over 4 years	8.99	9.38
Mortgage Smart Home Loan For a typical loan of $150,000 over 25 years	6.65	6.71
Investment Property Loan For a typical loan of $150,000 over 25 years	6.75	6.81
Mortgage Equity Loan For a typical loan for $50,000 over 7 years	9.10	9.61
Personal Loan For a typical loan of $15,000 over 4 years	12.95	13.49
Set-Off Loan For a typical loan of $15,000 over 4 years	6.60	7.11
Premium Personal Loan (Minimum $10,000) For a typical loan of $15,000 over 4 years	10.75	11.28
Overdrafts Unsecured ** Visa Access Mortgage Smart Plus (Secured by Mortgage over residential property) Mortgage Smart (Unsecured)	13.45 13.45   8.25 10.95

 

"Fixed Rate" Housing Loans for periods 1 or 2 years are also available, with interest rates quoted on enquiry.

* Classic Car Loans are to be secured by a Bill of Sale over a vehicle no more than 5 years old & with a minimum of 10% deposit.
** A discount of 2.5% is available to members who currently hold a Real Estate mortgage with the Credit Union.

Note: We may remove or reduce discounts at our discretion.

Full Terms and conditions available on application.
Fees and Charges Apply.
All loans subject to Credit Union Policy and lending criteria.



Warning
This comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and costs such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison Rate Schedules are available at all our branches,agencies and is on our website.

Fees and Charges, Terms and Conditions apply to all Products and are available on request.