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Savings and Term Deposit Rates

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Last updated: 9 May 2013

Transaction Accounts

Rediaccess  Account
Balance Interest Rate % pa Conditions
$2,000 - $9,999.99 0.05%

Interest is calculated daily on the entire balance at the applicable interest rate. Interest is paid quarterly on 31 March, 30 June, 30 September and 31 December.

$10,000 +

0.10%

Busiaccess  Account
Balance Interest Rate % pa Conditions
$2,000 - $9,999.99 0.05%

Interest is calculated daily on the entire balance at the applicable interest rate. Interest is paid quarterly on 31 March, 30 June, 30 September and 31 December.

$10,000 + 0.10%
Mortgage Offset Account
Balance Offset rate % Conditions
$1 + 100%  Linked to Premium Home Loan. No interest will accrue on this account. The daily balance will be offset against the linked mortgage account prior to interest being calculated on the loan account.

Savings Accounts

Investment Saver Account

Balance Interest Rate % pa Conditions
$1 - $4,999.99 1.00%

Interest is calculated daily on the entire balance at the applicable interest rate. Interest is paid monthly on the last day of the month. For deposits over $250,000, rates are negotiable and available on application.

$5,000 + 3.00%

 

Bonus Saver Account

Balance Interest Rate % pa Conditions
$1 + (withdrawal) 2.00%

Interest is calculated daily on the entire balance at the applicable interest rate. Interest is paid monthly on the last day of the month.

$1 + (no withdrawal) 3.75%

 

SmartSaver Account - For Children under 18 years

Balance Interest Rate % pa Conditions
$1 - $25,000 ^ 5.00%

Interest is calculated on the tiered daily balance at the applicable interest rate. Interest is paid monthly on the last day of the month. ^Interest rate applies subject to requirements being met during the month for a minimum deposit of $25 and no withdrawals.

*Interest rate applies if bonus conditions are not met and/or on balances exceeding $25,000.

$1 + * 3.00%

 

Self Managed Super Fund Savings Account

Balance Interest Rate % pa Conditions
$1 - $4,999.99 1.00%

Interest is calculated daily on the entire balance at the applicable interest rate. Interest is paid monthly on the last day of the month.

$5,000 + 3.00%

 

Special Saver Account

Balance Interest Rate % pa Conditions
$1 - $1,999 0.25%

Interest is calculated daily on the entire balance at the applicable interest rate. Interest is paid quarterly on 31 March, 30 June, 30 September and 31 December.

$2,000 - $4,999.99 0.50%
$5,000 - $9,999.99 0.75%
$10,000 - $24,999.99 1.25%
$25,000 + 1.75%

Term Deposit Accounts

Term Deposit - Interest Rate % pa
Minimum Amount Special
  8 months
3 months 6 months 9 months 12 months 24 months
$100,000 4.00% 3.00% 3.50% 3.50% 3.75% 4.00%
$25,000 4.00% 3.00% 3.50% 3.50% 3.75% 4.00%
$10,000 4.00% 2.75% 3.25% 3.50% 3.75% 3.75%
$5,000 N/A 2.00% 2.25% 2.25% 3.00% 3.25%
$2,000 N/A 2.00% 2.00% 2.00% 2.75% 3.00%

Interest is calculated daily on the entire balance for the applicable period. Interest is paid on maturity or annually for terms over 12 months. For deposits over $250,000, rates are negotiable and available on  application.

Deposit Guarantee

All Quay Credit Union deposits are guaranteed by the Federal Government up to $250,000 per depositor.

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