Interest Rates and Fees
Our Personal Loan Rates and Fees
Interest Rates are subject to change
Personal Loans | Interest Rate |
|---|---|
| Loans fully secured by PSS or GSF | 9.50% pa |
| Loans partially secured by PSS or GSF | From 10.70% - 13.75% pa * |
| Loans secured by Motor Vehicles | 12.95% pa |
| Unsecured up to a maximum of $5,000 | 17.00% 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 GSF | Flat 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 Loans | Flat 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 rate | 5.19% pa |
| 1 year fixed rate | 4.79% pa |
Home Loans Fees | |
| Home Loans Establishment Fee | $100 |
| Home Loans Facility Agreement Variation Fee | $50 |
| Top Up Fees for Home Loans | Flat 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 |
Our Overdraft Rates and Fees
Interest Rates are subject to change
Overdraft | Interest Rate |
|---|---|
| $0.01 - $1,000 | 14.95% pa |
| $1,000.01 + | 17.55% pa |
Overdraft Fees | |
| Overdraft Establishment Fee | $15 |
Our Term Deposit Rates
Interest Rates are subject to change
Term Deposits | Interest Rate |
|---|---|
| 3 months | 2.80% pa |
| 4 months | 3.20% pa |
| 5 months | 3.20% pa |
| 6 months | 3.30% pa |
| 7 months | 3.30% pa |
| 8 months | 3.30% pa |
| 9 months | 3.60% pa |
| 12 months | 3.40% pa |
| 18 months | 3.80% pa |
| 24 months | 3.85% pa |
Our Savings Account Rates and Fees
Interest rates are subject to change
Achiever Saver | |
|---|---|
| Balance | Interest Rate |
| $1+ | 1.50% pa |
Achiever Saver Fees | |
| Monthly Account Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | FREE |
| 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 |
Bonus Saver | |
|---|---|
| Balance | Interest Rate |
| $1 + | 2.60% pa (Combined Interest Rate) |
| Base Interest rate is 1.30% pa. Bonus Interest rate of 1.30% 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 Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Direct Debits Dishonour Fee | $25 |
| Automatics Payments - Dishonour Fee | FREE |
| 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 | |
|---|---|
| Balance | Interest Rate |
| $1+ | 1.25% pa |
| You can also qualify for an extra reward of a New World voucher in November 2017* | |
Christmas Club Fees | |
| Monthly Account Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | FREE |
| 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 | |
|---|---|
| Balance | Interest Rate |
| $1 + | 2.25% pa (Combined Interest Rate) |
| Base Interest rate is 1.00% 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 Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Direct Debits - Establishment Fee | FREE |
| Automatic Payments - Establishment Fee | FREE |
| Bill Payee Set Up Fee | FREE |
| Additional Statement Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Debit Mastercard Annual Fee | FREE |
| 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 Fee | FREE |
| Foreign Currency Fee | 2.25% of the $NZ amount |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | No 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 | |
|---|---|
| Balance | Interest Rate |
| $0 - $2000 | 0.00% pa |
| $2000.01 + | 0.25% pa |
Transaction & Goal Account Fees | |
| Monthly Account Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Direct Debits - Establishment Fee | FREE |
| Automatic Payments - Establishment Fee | FREE |
| Bill Payee Set Up Fee | FREE |
| Additional Statement Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Debit Mastercard Annual Fee | FREE |
| 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 Fee | FREE |
| Foreign Currency Fee | 2.25% of the $NZ amount |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | FREE |
| 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 | |
|---|---|
| Balance | Interest Rate |
| $1 - $3000 | 0.00% pa |
| $3000.01 - $4000 | 0.25% pa |
| $4000.01 | 1.25% pa |
Education Saver Fees | |
| Monthly Account Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | FREE |
| 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 | |
|---|---|
| Balance | Interest Rate |
| $1 - $3000 | 0.00% pa |
| $3000.01 - $4000 | 1.25% pa |
| $4000.01 + | 1.50% pa |
Target Saver Fees | |
| Monthly Account Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | FREE |
| 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 | |
|---|---|
| Balance | Interest Rate |
| $1 + | 0.75% pa |
Teen Saver Fees | |
| Monthly Account Fee | FREE |
| Deposit Fee | FREE |
| Bank Cheque Fee | FREE |
| Internet Banking | FREE |
| Telephone Banking | FREE |
| Mobile Banking | FREE |
| Direct Debits Dishonour Fee | $25 |
| Automatic Payments - Dishonour Fee | FREE |
| 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 |