Junior Firefighters Account (S10)

Eligibility

To be eligible:

• This account is for children between the ages of 0-16 years.
• Eligible account holders and/or authorised signatories to the account must meet the membership criteria of the Firefighters Credit Co-operative bond
• The account may be closed or further transactions refused if the account is not being operated for the private use and benefit of the child.

 

 

 

Features

Features of our Junior Firefighter Account include:

• Account to be in a child’s name only, parents, relatives or guardians can been accepted as authority on the account
• all parties to account are to be identified.
• Minimum age 1 day,  Maximum age 16 years old
• Max Savings account Balance  $5000
• No minimum deposits
• 2  free withdrawals per calendar year
• Phone and FireNet Internet banking enquiries only
• Over the counter withdrawals only
• Direct Credit from other banks accepted
• Payroll Deduction Authority accepted
• Deposit books can be issued for use at NAB
• NO BPAY
• NO Direct Debits
• NO Periodical Payments
• NO Member Chequing

 

 

Rates

Savings & Investment Interest Rates

 Effective 1st December 2020

On Call Savings (S1) (1) All balances	0.00% p.a.
Bonus Saver (S3) (8) Total rate (standard plus bonus) Standard rate Bonus rate	0.65% p.a.  0.10% p.a.  0.55% p.a.
Christmas Club (S4) (2) All balances	0.50% p.a.
Cash Maximiser (S6) (3) $100,000 and over $50,000 to $99,999 $25,000 to $49,999 $10,000 to $24,999 $2,000 to $9,999 Balance up to $1,999	0.40% p.a.  0.30% p.a.  0.15% p.a.  0.10% p.a.  0.05% p.a.  0.00% p.a.
Budget Savings (S8) (1) All Balances	0.00% p.a.
Junior Firefighters Account (S10) (7) Balance $1.00 - $5,000.00 Balance $5,000.00 Plus	0.50% p.a.   0.00% p.a.
Golden Helmet Account (S65) (4) Balance over $25,000 Balance up to $24,999	0.75% p.a. 0.00% p.a.
12 Month Term Deposit (5) Minimum balance $5,000 $50,000 and over $25,000 to $49,999 $5,000 to $24,999	0.75% p.a.  0.65% p.a.  0.45% p.a.
12 Month Term Deposit – Monthly Income (6) Minimum balance $5,000 $50,000 and over $25,000 to $49,999 $5,000 to $24,999	0.75% p.a. 0.60% p.a. 0.50% p.a.
6 Month Term Deposit (5) Minimum balance $1,000 $50,000 and over $25,000 to $49,999 $5,000 to $24,999 $1,000 to $4,999	0.75% p.a.  0.65% p.a.  0.55% p.a.  0.40% p.a.
3 Month Term Deposit (5) Minimum balance $1,000 $50,000 and over $25,000 to $49,999 $5,000 to $24,999 $1,000 to $4,999	0.75% p.a. 0.60% p.a. 0.50% p.a. 0.25% p.a.

Please click here to view existing rates document

 

(1) Interest calculated on MMB* and paid quarterly

(2) Interest calculated on MMB* Balance and interest paid on the first business day in December, to nominated account

(3) Interest calculated daily and paid quarterly
Note 1: $2,000 minimum required to earn interest
Note 2: When a balance reaches higher plateau, the interest applicable will apply to whole balance.

(4) Interest calculated daily and paid quarterly
Note 1: If the balance falls below the minimum required balance of $25,000 the interest rate will revert to the standard On Call Savings interest rate for the period that the account remains below the minimum required balance.

(5) Interest paid on maturity
Note 1: Minimum additional deposits are $500
Note 2: Requests for early redemption will be at the sole discretion of the Credit Co-operative. Early redemption will result in your interest being recalculated at the standard On Call Savings interest rate.

(6) Interest paid monthly to nominated account. Monthly interest cannot be compounded

(7) Interest calculated daily and paid quarterly

(8) Interest calculated daily and paid monthly
Note 1: Bonus rate is additional to the Standard rate and applies when deposits of at least $500 and no withdrawals are made in a month.

Fees & Charges

2 Free Withdrawals per years $5-00 fee for each withdrawl thereafter

Fees & Charges

 

Effective 1st August, 2018

For a full listing of our Fees & Charges, please view the Fees and Charges brochure .
Some services incur a range of fees and charges and may incur charges levied by third parties, such as Government duties and bank charges.
Firefighters Credit Co-operative has adopted a system of equitable cost sharing. Fees and Charges incurred for using particular services are met only by those members using the services. 


Generally, the fees and charges the Firefighters Credit Co-operative is charged for delivering a service to our members are the fees we pass on.
We are not about fees as an income - only a means of recouping a cost incurred. We believe that this system is fair and equitable for all members.
No monthly account keeping fee or charge applies to accounts.

The Fees & Charges brochure must be read in conjunction with the Firefighters Credit Co-operative’s Account and Access Facility Conditions of Use, as well as our Interest Rates.

Should you have any further questions please This email address is being protected from spambots. You need JavaScript enabled to view it. or call us on 03 8417 1777 or 1300 366 350 .

 

Apply Now

Download a Junior Firefighters Account membership application form or if you would like to find out more about our Junior Firefighter Account, simply speak to a staff member today by contacting our office during branch hours on (03) 8417 1777 or 1300 366 350 or email This email address is being protected from spambots. You need JavaScript enabled to view it.