Rates and fees

Home Loans

 

Term

Rate

Floating 8.14% p.a.
Standard 1 year fixed* 7.24% p.a.
Standard 2 years fixed* 6.79% p.a.
Shared Ownership 1 year fixed 7.84% p.a.
Shared Ownership 2 year fixed 7.39% p.a.
Reverse Mortgage (floating) 8.94% p.a.
Default Interest (in the event of a default) The interest rate applicable to the loan at the time, plus a margin of 5% per annum.

*May require a high-LVR margin of up to 0.60%p.a. added to this rate.

 

Fee

Amount

Home loan establishment  $100
Loan Facility Agreement Variation  $50
Mortgage discharge $75
Top Up Fee (staff assisted) $10
Fixed Rate Break Fee Calculated upon request.

 

Default Fees may be payable by the Member, to the Credit Union, on a breach of the Agreement by the Member, or on the enforcement of the Agreement by the Credit Union.

Personal Loans and Overdrafts

 

Lending type

Security

Rate

Personal Loan Fully secured by PSS or GSF From 10.50% p.a.
  Secured by motor vehicle up to a maximum of $30,000 12.95% p.a.
  Partially secured by PSS or GSF From 11.70% p.a. to 14.75%
  Unsecured up to a maximum of $10,000 17.00% p.a.
Overdraft Unsecured up to $1,000 14.95% p.a.
  Unsecured $1,000.01+ 17.55% p.a.
Flexi Cash Unsecured 14.95% p.a.

 

Fee

Amount

Personal loan establishment  $100
Loan Facility Agreement Variation $50
Top Up (online) $5
Top Up (staff assisted) $10
Overdraft establishment $15
Flexi cash establishment $15

 

Default Fees may be payable by the Member, to the Credit Union, on a breach of the Agreement by the Member, or on the enforcement of the Agreement by the Credit Union.

Term Deposits

 

Term

Rate

3 months 4.10% p.a.
4 months 4.20% p.a.
5 months 4.65% p.a.
6 months 6.00% p.a.
7 months 6.00% p.a.
8 months 6.00% p.a.
9 months 6.00% p.a.
12 months 5.90% p.a.
18 months 5.80% p.a.
24 months 5.60% p.a.

 

Accounts

 

Account

Description

Rate

Achiever Saver   2.40% p.a.
Bonus Saver Base Rate 0.75% p.a.
  Bonus Rate 3.75% p.a.
  Combined Rate 4.50% p.a.
Christmas Club   2.30% p.a.
Future Saver Base Rate 0.75% p.a.
  Bonus Rate 3.75% p.a.
  Combined Rate 4.50% p.a
Spending and Goal Account $0 - $2,000 0.00% p.a.
  $2,000.01+ 0.05% p.a.

 

Fee

Account

Amount

Direct Debits dishonour All accounts. $25
Dormant account* All accounts. $5
Foreign currency** Spending 2.25%

 

*Accounts become dormant after 12 months of no transactions. The dormant account fee is refunded if the account is reactivated.

**A foreign currency fee of 2.25% of the transaction amount is charged when you make a purchase or cash withdrawal in a foreign currency, and also applies to any fees and charges charged by the overseas bank or vendor in relation to that transaction. This fee is also charged when you make online purchases in a foreign currency.

Please note the foreign currency fee is also charged when making purchases or cash withdrawals from your transaction, savings or revolving credit account with your Debit card from overseas.

 

Fees from other banks may be on-charged: telegraphic transfer fees; dishonour fees; special answer fees; and/or cash deposit fees.

Call 0800 429 000 for more information.