Interest Rates and Fees

Our Term Deposit Rates

Interest Rates are subject to change

Term Deposits

Interest Rate

3 months2.80% pa
4 months3.20% pa
5 months3.20% pa
6 months3.30% pa
7 months3.30% pa
8 months3.30% pa
9 months3.60% pa
12 months3.40% pa
18 months3.80% pa
24 months3.85% pa

Our Overdraft Rates and Fees

Interest Rates are subject to change

Overdraft

Interest Rate

$0.01 - $1,00014.95% pa
$1,000.01 +17.55% pa

Overdraft Fees

Overdraft Establishment Fee$15

Our Savings Account Rates and Fees

Interest rates are subject to change

Achiever Saver

BalanceInterest Rate
$1+1.75% pa

Achiever Saver Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other FeesFees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Bonus Saver

BalanceInterest Rate
$1 +2.80% pa (Combined Interest Rate)
Base Interest rate is 1.40% pa. Bonus Interest rate of 1.40% pa only if no withdrawals and a minimum deposit of $20 (excluding Credit Interest) is made during the calendar month.

Bonus Saver Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Direct Debits Dishonour Fee$25
Automatics Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Christmas Club

BalanceInterest Rate
$1+1.50% pa
You can also qualify for an extra reward of a New World voucher in November 2017*

Christmas Club Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Future Saver

BalanceInterest Rate
$1 +2.50% pa (Combined Interest Rate)
Base Interest rate is 1.25% pa. Bonus Interest rate of 1.25% pa only if no withdrawals and a minimum deposit of $20 (excluding Credit Interest) is made during the calendar month.

Future Saver Account Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Direct Debits - Establishment FeeFREE
Automatic Payments - Establishment FeeFREE
Bill Payee Set Up FeeFREE
Additional Statement FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Debit Mastercard Annual FeeFREE
EFTPOS Transaction Fee (NZ)FREE
ATM Transaction Fee (NZ)$1.50
Debit Mastercard Replacement Card Fee$5.00
Overseas ATM Transaction Fee$7.50
Overseas EFTPOS Transaction FeeFREE
Foreign Currency Fee2.25% of the $NZ amount
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeNo Charge
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Debit Mastercard voucher search charges may be charged. Courier charges for replacement card(s), e.g. Debit Mastercard courier fee (domestic only). Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Transaction & Goal Account

BalanceInterest Rate
$0 - $20000.00% pa
$2000.01 +0.25% pa

Transaction & Goal Account Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Direct Debits - Establishment FeeFREE
Automatic Payments - Establishment FeeFREE
Bill Payee Set Up FeeFREE
Additional Statement FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Debit Mastercard Annual FeeFREE
EFTPOS Transaction Fee (NZ)FREE
ATM Transaction Fee (NZ)$1.50
Debit Mastercard Replacement Card Fee$5.00
Overseas ATM Transaction Fee$7.50
Overseas EFTPOS Transaction FeeFREE
Foreign Currency Fee2.25% of the $NZ amount
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Debit Mastercard voucher search charges may be charged. Courier charges for replacement card(s), e.g. Debit Mastercard courier fee (domestic only). Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Education Saver Account Interest Rates

- Effective 1 February 2015 no new Education Saver Accounts will be opened

BalanceInterest Rate
$1 - $30000.00% pa
$3000.01 - $40000.50% pa
$4000.011.50% pa

Education Saver Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Target Saver Account Interest Rates

- Effective 1 February 2015 no new Target Saver Accounts will be opened

BalanceInterest Rate
$1 - $30000.00% pa
$3000.01 - $40001.50% pa
$4000.01 +1.75% pa

Target Saver Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Teen Saver Account Interest Rates

- Effective 1 February 2015 no new Teen Saver Accounts will be opened

BalanceInterest Rate
$1 +1.00% pa

Teen Saver Fees

Monthly Account FeeFREE
Deposit FeeFREE
Bank Cheque FeeFREE
Internet BankingFREE
Telephone BankingFREE
Mobile BankingFREE
Direct Debits Dishonour Fee$25
Automatic Payments - Dishonour FeeFREE
Dormant Account Fee (will be refunded if your account is reactivated)$5 per month
Other Fees

Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged

Our Personal Loan Rates and Fees

Interest Rates are subject to change

Personal Loans

Interest Rate

Loans fully secured by PSS or GSF9.50% pa
Loans partially secured by PSS or GSFFrom 10.70% - 13.75% pa *
Loans secured by Motor Vehicles 12.95% pa
Unsecured up to a maximum of $5,00017.00% pa
* The interest rate charged for loans partially secured by Police Superannuation Scheme (PSS) or Government Superannuation Fund (GSF) is determined by the loan amount versus the value of the PSS or GSF.

Personal Loans Fees

Personal Loan Establishment Fee$100
Personal Loan Facility Agreement Variation Fee$50
Top Up Fees for Loans secured by PSS or GSFFlat fee of $5 per top up when completed
through Internet or Mobile Banking
Top Up Fees for Loans Fully Secured by PSS or GSF, Loans Partially Secured by PSS or GSF, Loans secured by Motor Vehicles and Unsecured Personal LoansFlat fee of $10 per top up when completed by Police
and Families Credit Union on your behalf

Our Home Loan Rates and Fees

Interest Rates are subject to change

Home Loans

Interest Rate

Floating rate5.19% pa
1 year fixed rate4.79% pa

Home Loans Fees

Home Loans Establishment Fee$100
Home Loans Facility Agreement Variation Fee$50
Top Up Fees for Home LoansFlat fee of $10 per top up when completed by Police
and Families Credit Union on your behalf
Default Interest Rate Shall be the Annual Interest Rate for the Home Loan, as varied from time to time, plus 5.00% pa
Mortgage Discharge - Release Fee$75

The Police and Families Credit Union is not a registered bank