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Deposit Accounts

In addition to your share account you can also open a separate savings account known as a deposit account

 

Benefits

Lodgements and withdrawals can be made from this account at any time, as they are not held against a loan. There are:

  • No Penalties
  • No Charges

 

How to open a Deposit Account

To open a deposit account you must already have an account with us and proof of you PPS number will be required at time of opening.

 

Interest

Interest is applied monthly to your deposit account at an annual rate of 0.125% as of January 1st 2017. DIRT is automatically deducted before interest is applied to the account.

Please note: the interest rate on deposit accounts can be changed by the Board of Directors at any time.