Bonus Saver Account (S3)

Firefighters Credit Co-operative's outstanding service and commitment to members through our day to day banking is helping you purchase your home.

Firefighters Credit Co-operative Bonus Saver Account is an at call savings account . It offers a bonus interest rate if no withdrawls are made in a month. If a withdrawl is made in the monththe bonus rate will not applyfor the entire month. It has been designed to maximize your earnings

Some access methods, such as cards cannot be linked to a Bonus Saver Account

Interested!!!! Please contact the office on 1300 366 350 or 03 8417 1777 for further information and a copy of the information brochure.

Overview

Bonus Saver Account Product Summary

FEATURES INCLUDE:

Pay splits available to credit your Bonus Saver Account
Easy Access with internet banking and over the counter transactions
Competitive Interest Rates
Unlimited BPay® and direct debtits can be made from the account
Interest is paid monthly
Additional BONUS interest is paid in any month that you deposit $500 and make no withdrawls
Interest is calculated daily and paid monthly

Whether you are purchasing, renovating constructing or refinancing from another financial institution, Firefighters Credit Co-operative can help.

Features

Does the Bonus Saver Account:	Yes/ No	Comment
Offer a Bonus interest rate?	Yes	A standard interest rate applies to the whole balance of the Bonus Saver Account. As at the date of this article the standard interest rate is 1.00% p.a. In addition to the standard interest rate, the bonus interest rate will apply if there have been no withdrawals in the month. As at the date of this article the bonus interest rate is 1.50% p.a. That means the total interest payable will currently be 2.50% p.a, where the bonus rate applies. Please refer here or to our Interest Rate Brochure for current rates.
Have a minimum deposit?	No	However, you must deposit $500.00 dollars per month to earn the bonus interest.
Have a minimum / maximum withdrawal?	No	You can withdraw as much or as little as you like, subject to daily transaction limits, however you will forfeit your bonus interest rate for that month.
Have daily transaction limits?	Yes	Certain payment services may have daily transaction limits. Most Electronic Banking transfers, for example Bpay and internal transfers have a daily limit Over the counter cash withdrawals have a daily limit of $2,000.00.
Allow Internet and Telephone Banking?	Yes	Simply complete the appropriate forms from our website.
Allow Periodical Payments	Yes	Periodical Payment forms are available via our website. However, if you make a periodical payment from your Bonus Saver Account you will forfeit bonus interest for each month the payment is made.
Allow card access?	No	Debit cards are not available on the Bonus Saver Account.
Allow Cheque Book access?	Yes	Member Cheque Books are available on the Bonus Saver Account. However, if you make any withdrawal from your Bonus Saver Account you will forfeit bonus interest for that month.
Allow Direct Debit withdrawals?	Yes	However, if you make any withdrawal from your Bonus Saver Account you will forfeit the bonus interest for that month.
Allow BPAY payments?	Yes	However, if you make a BPAY withdrawal from your Bonus Saver Account you will forfeit the bonus interest for that month.
Allow Credit Co-operative Cheque withdrawals?	Yes	However, if you make any withdrawal from your Bonus Saver Account you will forfeit the bonus interest for that month.
Allow cash deposits/withdrawals?	Yes	However, if you make any withdrawal from your Bonus Saver Account you will forfeit the bonus interest for that month.
Allow Direct Credit deposits, including payroll deductions?	Yes	Simply quote BSB 803 209 and your Bonus Saver Account number or complete a payroll deduction form.
Allow Direct Debit deposits from other financial institutions?	Yes	Simply complete the direct debit authority form and send it to us.
Allow cheque deposits?	Yes	Cheques can be deposited over the counter or by mailing to Firefighters Credit Co-operative together with your name and account details.
Allow over the counter transfers and balance enquiries?	Yes	However, if you make a transfer from your Bonus Saver Account you will forfeit the bonus interest for that month.
Have any extra fees?	No	There are no special fees for the Bonus Saver Account. Our standard fees and charges still apply. Please refer to the Fees and Charges Brochure.
Have regular statements of account?	Yes	Your Bonus Saver Account will appear on your consolidated statement of account either monthly or bi-annually.
Allow an overdraft limit to be attached?	No	You cannot link an overdraft limit to a Bonus Saver Account.
Allow a loan offset to be attached?	No	You cannot use the Bonus Saver Account as a loan offset account.

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.

Bonus Saver Account (S3)

Overview

Bonus Saver Account Product Summary

Eligibility

Features

Rates

Fees & Charges

Important Merger Information

SALE OF FIREFIGHTERS CREDIT CO-OPERATIVE BUILDING