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pdf Click here to download a pdf of our Deposit Rates (160 KB)

Rates effective from 1st June 2017

Personal Account (S1)

$1 - $4,999 0.05% pa ^1
$5,000 - $24,999 0.05% pa
$25,000 - $49,999 0.35% pa
$50,000 and over 0.50% pa

 

Reward Account (S8)

$1 - $4,999 0.05% pa ^2
$5,000 - $24,999 0.05% pa
$25,000 - $49,999 0.35% pa
$50,000 and over 0.50% pa

 

55Plus Account (S3)

$1 - $499 0.00% pa

^3

 

$500 - $48,000 1.50% pa
$48,001 and over 2.75% pa

 

Business Account (S2)

$1 - $4,999 0.05% pa ^4
$5,000 - $24,999 0.05% pa
$25,000 - $49,999 0.35% pa
$50,000 and over 0.50% pa

 

Community Account (S6)

$1 - $4,999 0.50% pa ^5
$5,000 - $24,999 0.75% pa
$25,000 and over 1.00% pa

 

Christmas Club Account (S4)

$1 and over 1.80% pa ^6

 

iSave Account (S5)

$1 and over 1.25% pa

^7

 

 

Bonus Saver Account (S10)

  Base Bonus Total ^8
$1 and over 0.05% pa 1.70% pa 1.75% pa

 

Cash Management Account (S15)

$1 - $9,999 0.05% pa

^9

 

$10,000 - $19,999 1.25% pa
$20,000 - $49,999 1.50% pa
$50,000 - $99,999 1.50% pa
$100,000 and over 2.00% pa

 

Fixed Term Deposit

  $100 - $4,999 $5,000 - $24,999 $25,000 - $49,999 $50,000 and over ^10
(I4)  3-5 months 0.50% pa 2.10% pa 2.10% pa 2.10% pa
(I1)  6-8 months 1.00% pa 2.10% pa 2.10% pa 2.10% pa
(I9)  9-10 months 1.50% pa 2.00% pa 2.00% pa 2.00% pa
(I2)  12 months 1.50% pa 2.40% pa 2.40% pa 2.40% pa
(I3)  24 months 1.50% pa 2.60% pa 2.60% pa 2.60% pa

 

Monthly Income Term Deposit

  $3,000 - $4,999 $5,000 - $24,999 $25,000 - $49,999 $50,000 and over ^11
(I6) 6 months 1.00% pa 2.05% pa 2.05% pa 2.05% pa
(I7) 12 months 1.25% pa 2.35% pa 2.35% pa 2.35% pa
(I5) 24 Months 1.50% pa 2.55% pa 2.55% pa 2.55% pa

 

^1 Personal Account (S1). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. S1 account is only available to personal members.

^2 Reward Account (S8). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. S8 account is only available to personal members.

^3 55Plus Account (S3). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. Account owners must be aged 55 years or older, and no longer working full-time.

^4 Business Account (S2). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier.

^5 Community Account (S6). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. Account owners must be community organisations that have a formal documented structure; incorporated clubs, charitable organisations, sporting clubs, schools, recognised religions, community groups, non-profit organisations – approval is at the discretion of the GMCU.

^6 Christmas Club (S4). Interest is variable and calculated on whole Daily balance. Balance disbursed in November, or available using Internet Banking 15 November to 31 December

^7 iSave Account (S5). Interest is variable, calculated on whole Daily balance and paid Monthly. Withdrawals must be made electronically to your nominated GMCU Transaction account.

^8 Bonus Saver Account (S10). Interest is variable, calculated on Daily balance and paid Monthly. The portion of balance in each tier earns the rate for that tier. Bonus rate is earned in months where you deposit at least $20 and make no withdrawal (including electronic debits).

^9 Cash Management Account (S15). Interest is variable, calculated on Daily balance and paid Monthly. The portion of balance in each tier earns the rate for that tier. Minimum opening Balance $10,000.

^10 Fixed Term Deposit. Interest is fixed, and calculated on Daily balance. Early withdrawals (if approved) attract a reduced interest rate. 3-12 month terms: Interest paid at maturity. Interest may be added to principal amount to be reinvested or paid to an account. 24 month term: Interest paid annually. First interest amount paid to a GMCU account, second interest payment may be added to principal and reinvested or paid to an account. Minimum deposit $100.

^11 Monthly Income Term Deposit. Interest is fixed, and calculated on Daily balance. Interest is paid by cheque or to a GMCU Transaction Account. Early withdrawals (if approved) attract a reduced interest rate. Minimum deposit $3,000

Interest rates are subject to change without notice. Term Deposits will earn the rate applicable on the day of lodgement/rollover.

6 months