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. |