This account is the everyday savings account and is totally accessible through your Visa debit card. It is accessible via the telephone banking & Firenet Internet Banking System for all bill paying services. Cheque accounts for members operate on this everyday account. Salaries and direct credits and debits can also be processed within this account.
Interest is calculated on the minimum monthly balance and is credited March, June, September and December each year.
Rates
Savings & Investment Interest Rates
Effective 1st December 2020
On Call Savings (S1) (1) |
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Bonus Saver (S3) (8) |
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Christmas Club (S4) (2) |
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Cash Maximiser (S6) (3) |
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Budget Savings (S8) (1) |
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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) |
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12 Month Term Deposit – Monthly Income (6) |
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6 Month Term Deposit (5) |
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3 Month Term Deposit (5) |
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Please click here to view existing rates document
(1) Interest calculated on MMB* and paid quarterly
(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.