Lending Interest Rates

Effective as at 11th September 2024- 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
Special 2 year Fixed Rate Smart Home Loan (Minimum $250,000 new money)                         (from 9 September 2024) 5.69e 6.83 (For a typical loan of $150,000 over 25 years)
Special 2 year Fixed Rate Smart Investment Home Loan (Minimum $250,000 new money) (from 9 September 2024) 5.69e 6.83 (For a typical loan of $150,000 over 25 years)
Premium Smart Home Loan         (Minimum $150,000 new money)                                                                                                       6.29 6.33 (For a typical loan of $150,000 over 25 years)
Minimiser Home Loan       (Minimum $100,000)                                                                                                   6.99 7.07 (For a typical loan of $150,000 over 25 years)
Smart Home Loan                    (Minimum $10,000)                                                                                            7.50 7.56 (For a typical loan of $150,000 over 25 years)
Smart Investment Home Loan       (Minimum $10,000)                                                                                   

7.81

7.87 (For a typical loan of $150,000 over 25 years)
Fixed Rate Smart Investment Home Loan (Minimum $75,000)                                                    (from 20th November 2023) 1 Year - 6.49a 7.73 (For a typical loan of $150,000 over 25 years)
2 Years - 6.49a 7.60 (For a typical loan of $150,000 over 25 years)
Fixed Rate Smart Home Loan (Minimum $75,000)                                                                           (from 20th November 2023) 1 Year - 6.29b 7.48 (For a typical loan of $150,000 over 25 years)
2 Years - 6.09b 7.38(For a typical loan of $150,000 over 25 years)
Investment Property Loan (non Residential)
 
8.05 8.13 (For a typical loan of $150,000 over 25 years)
Set-Off Loan
 
7.50 7.71 (For a typical secured loan of $30,000 over 5 years)
Mortgage Equity Loan
 

8.10

9.52 (For a typical secured loan of $30,000 over 5 years)

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   (For a typical secured loan of $30,000 over 5 years)

8.53   (For a typical secured loan of $30,000 over 5 years)

10.21 (For a typical secured loan of $30,000 over 5 years)

Premium Personal Loan (Minimum $10,000)

9.99

11.02 (For a typical unsecured loan of $10,000 over 3 years)

Personal Loan
 
10.99 12.02 (For a typical unsecured loan of $10,000 over 3 years)

Overdrafts

Smart Plus (Secured by Mortgage over residential property)

7.95

Smart (Unsecured - only available with a Smart Home Loan)

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 Smart Investment Home loan rate.
b On expiry of the fixed rate term, the Annual Percentage Rate will be our Smart Home loan rate.
A discount of 3% is available to members who currently have a 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

e On expiry of the fixed rate term, the Annual Percentage Rate will be our Minimiser Home loan rate.

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 Lending Policy criteria.

WARNING
The 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. 

Back to top


Deposit Interest Rates

Effective as at 11th September 2024 - 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 3.30
6 months to less than 12 months I3 3.60
12 months to less than 18 months I4 4.40
18 months to 24 months I4 4.40

'Regular Income Account' $5,000 +

Term Account Type $5000 +
12 months to less than 18 months I15 4.35
18 months to less than 24 months I17 4.35

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