Lending Interest Rates
Effective as at 1st December 2023- For more information, visit our
Lending section
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.
Loan Interest Rates
| Loan Type |
Per Annum % Variable |
Comparison Rate |
Premium Mortgage Smart Home Loan (Minimum $150,000 new money)
For a typical loan of $150,000 over 25 years |
6.29 |
6.33 |
Minimiser Home Loan (Minimum $100,000)
For a typical loan of $150,000 over 25 years |
6.99 |
7.07 |
Mortgage Smart Home Loan (Minimum $10,000)
For a typical loan of $150,000 over 25 years |
7.50 |
7.56 |
Mortgage Smart Investment Home Loan (Minimum $10,000)
For a typical loan of $150,000 over 25 years |
7.81
|
7.87 |
Fixed Rate Mortgage Smart Investment Home Loan (from 20th November 2023) (Minimum $75,000)
For a typical loan of $150,000 over 25 years |
1 Year - 6.49a |
7.73 |
| 2 Years - 6.49 a |
7.60 |
Fixed Rate Mortgage Smart Home Loan (from 20th November 2023) (Minimum $75,000)
For a typical loan of $150,000 over 25 years |
1 Year - 6.29 b |
7.48 |
| 2 Years - 6.09b |
7.38 |
Investment Property Loan (non Residential)
For a typical loan of $150,000 over 25 years |
8.05 |
8.13 |
Set-Off Loan
For a typical secured loan of $30,000 over 5 years |
7.50 |
7.71 |
Mortgage Equity Loan
For a typical secured loan for $30,000 over 5 years |
8.10
|
9.52 |
|
Classic Car Loan
For a typical secured loan for $30,000 over 5 years
a) Secured by a New vehicle
b) Secured by a vehicle no more than 5 years old.
c) Secured by a vehicle over 5 & < 10 years old.
|
8.15
8.30
9.99
|
8.38
8.53
10.21
|
Premium Personal Loan (Minimum $10,000)
For a typical unsecured loan of $10,000 over 3 years |
9.99
|
11.02
|
Personal Loan
For a typical unsecured loan of $10,000 over 3 years |
10.99 |
12.02 |
|
Overdrafts
|
Mortgage Smart Plus (Secured by Mortgage over residential property)
|
7.95
|
|
Mortgage Smart (Unsecured)
|
9.70
|
|
Visa Access c
|
12.75
|
|
Unsecured d
|
12.75
|
|
|
Business Lending
|
Business Loan (Secured) Base rate plus a margin will apply depending on security
|
8.10
|
|
Business Loan (Unsecured)
|
11.95
|
|
Business Car Loans - Rates are the same as for Personal Classic Car Loans detailed above
|
|
|
Business Smart Overdraft (Secured) Base Rate plus a Margin will apply, depending on security
|
8.10
|
|
Business Smart Overdraft (Unsecured) d
|
11.99
|
|
a On expiry of the fixed rate term, the Annual Percentage Rate will be our Mortgage Smart Investment Home loan rate.
b On expiry of the fixed rate term, the Annual Percentage Rate will be our Mortgage Smart Home loan rate.
c A discount of 3% is available to members who currently have a Mortgage Smart Home Loan with the Credit Union
d A discount of 2.0% is available to members who currently hold a Mortgage Secured Loan 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 Rates are available at all our branches and on our website.
Back to top
Deposit Interest Rates
Effective as at 1st December 2023 - For more information, visit our Deposit section
Deposit Accounts
| Account Name |
Account Type |
Balance Tiers |
Interest Rate Per Annum % |
On Call
Budget
No 2
Whole of Pay |
S1
S2
S3
S7 |
$1 to $4,999.99
$5,000 and over* |
0.05
0.05(*on this portion of total balance) |
| Christmas Club |
S4 |
Whole Balance |
1.60 |
Community Proud
Investment Savings
|
S5
S9 |
$1 to $199.99
$200 to $19,999.99
$20,000 to $49,999.99
$50,000 and over |
Nil
1.50
1.70
2.10 |
| Golden |
S6 |
$1 to $24,999.99
$25,000 and over* |
1.45
1.85 (* on this portion of total balance) |
| E Access Saver |
S8 |
$1 to $4,999.99
$5,000 to $49,999.99
$50,000 and over |
1.55
1.75
2.15 |
|
Cash Management
Mortgage Smart Plus
Business Smart
|
S10
S12, S18
S90
|
$1 to $4,999.99
$5,000 to $9,999.99
$10,000 to $24,999.99
$25,000 to $49,999.99
$50,000 and over |
1.45
1.50
1.60
1.70
2.10 |
| Pocket Rocket School |
S14 |
Whole Balance |
1.90 |
Fixed Term Deposit Accounts
$500 to less than $5000
| Term |
Account Type |
$500 < $5000 |
| 3 Months to less than 6 months |
I8 |
2.35 |
| 6 months to less than 12 months |
I1 |
2.35 |
| 12 months to 24 months |
I5 |
2.35 |
$5,000 +
| Term |
Account Type |
$5000 + |
| 3 Months to less than 6 months |
I6 |
3.60 |
| 6 months to less than 12 months |
I3 |
4.00 |
| 12 months to less than 18 months |
I4 |
4.95 |
| 18 months to 24 months |
I4 |
4.75 |
'Regular Income Account' $5,000 +
| Term |
Account Type |
$5000 + |
| 12 months to less than 18 months |
I15 |
4.95 |
| 18 months to less than 24 months |
I17 |
4.75 |
The Credit Union reserves the right to accept and negotiate all deposits over $100,000.
Full Terms and Conditions available on application.
Important Notice: The Credit Union gives the depositor the right to redeem their Fixed Term Deposit (in full) prior to maturity, subject to at least 7 days notice being provided . The Credit Union shall have the the right to reduce the interest payable on such deposit where redeemed prior to maturity. Interest in this circumstance will be calculated at the credit union's "Recast Rate" which will be the greater of either 2% below the existing deposit rate, or the current maximum "On Call Savings -S1" rate available. If Fixed term Deposit has been lodged for less than 1 month at early redemption, no interest will be payable.
Refer to the Summary of Accounts and availability of Access Facilities for how Interest is calculated, when Interest is paid and how to access the accounts.
Fees and Charges may also appl
Back to top