| Account |
Interest Rates |
Features |
|
Daily Access (S1)
Your main operating account. It offers great at-call access and
is perfect for those day to day expenses.
|
Up to $4,999 = 0.05%
$5,000 to $49,999 = 0.10%
$50,000 to $99,999=0.15%
$100,000 and over = 0.45%
Interest calculated daily and paid quarterly at the end of March,
June, September and December.
|
- Visa Access Card
- Redicard
- All ATMs and EFTPOS in Aust.
- Personal cheque book
- Overdraft available
- Direct debits
- Direct credits
- Direct Salary Lodgement
- BPAY
- Bank@Post
- Internet Banking
- Telephone Banking
|
| Account |
Interest Rates |
Features |
|
Special Savings
(S2)
An account for a specific savings purpose – Great for budgeting
and bill paying, saving for holidays, or any sort of goal or target.
|
Up to $4,999 = 0.05%
$5,000 to $49,999 = 0.10%
$50,000 to $99,999=0.15%
$100,000 and over = 0.45%
Interest calculated daily and paid quarterly at the end of March,
June, September and December.
|
- Visa Access Card
- Redicard
- All ATMs and EFTPOS in Aust.
- Personal cheque book
- Overdraft available
- Direct debits
- Direct credits
- Direct Salary Lodgement
- BPAY
- Bank@Post
- Internet Banking
- Telephone Banking
|
| Account |
Interest Rates |
Features |
|
Cash Management
(S10)
Designed for members with larger deposit amounts who want higher
“at call” interest with the flexibility of immediate
access to funds. A minimum opening balance of $5,000 is required.
|
$5,000 to $24,999 = 2.50%
$25,000 to $49,999=4.25%
$50,000 to $99,999=4.50%
$100,000 and over = 5.65%
Interest calculated daily and paid monthly.
|
- Personal Cheque Book
- Internet Banking
- Telephone Banking
|
| Account |
Interest Rates |
Features |
|
Net Saver (S40)
Internet Savings Account
Net Saver is an Internet Banking based savings account offering
“term deposit” sized interest on an at call
account.
|
7.00% (variable)
Interest is earned on entire balances of $5,000 or more. (NO interest
is earned on amounts below $5,000.)
Interest calculated daily and credited monthly.
|
- Funds accessed via Internet banking transfer to Access account
- Funds available at call
- No fixed terms
- Have all or part of your salary paid into Net Saver.
|
| Account |
Interest Rates |
Features |
|
Over 50’s
(S20)
Interest is linked to the Government’s deeming rate. However,
it is not obligatory for pensioners to have a “deeming”
account. Talk to Austral about Financial
Planning and Investment advice.
|
Up to $39,400 = 3.50%
Over $39,400 = 5.50%
(First $39,400 @ 3.50%)
Interest calculated daily and paid monthly.
|
- Direct Credits
- Direct Debits
- Internet Banking
- Telephone Banking
|
| Account |
Interest Rates |
Features |
|
Target Saver (S14)
If you’re serious about achieving a savings goal (e.g. holiday)
simply nominate a $ target and start saving. It's that easy!
|
Up to $999 = 2.25%
$1,000 to $4,999 = 2.50%
$5,000 and over = 3.00%
Interest calculated on the opening daily balance and paid at the
end of the term.
|
- Direct lodgement of salary
- Internet Banking
- Telephone Banking
- Once you reach your $ target, contact Austral to transfer the
principal and interest to your Daily Access account.
|
| Account |
Interest Rates |
Features |
|
Super
Saver (S15) and
B.U. (S18)
These accounts provide an ideal way for members under 18 years to
learn sound money management. They offer a higher rate of interest
and a free regular newsletter. They can be operated either by the
parents or guardians and/or the child.
|
1.50%
Interest calculated daily and paid quarterly.
- Super Saver is for members up to 12 years old.
- B.U. is for members aged 13 to 17 years.
|
- Members aged less than 18 years will not pay any transaction
fees.
- Branch deposits/withdrawals
- Internet banking
- Deposits by mail (not cash)
- Payroll deduction from parent's salary, Austudy or own salary
- Periodic Payment transfer from parent's membership
- Redicard (must be 15+) for access to all ATMs, EFTPOS and Bank@Post
(Aust Post)
|
| Account |
Interest Rates |
Features |
|
Christmas Savings
(S33)
Christmas is an expensive time of year, but with a little planning
you can have all the money your family needs for the festive season.
Convenient deposits via salary deductions and make extra payments
at any time.
|
0.40%
Interest calculated on minimum monthly balance and paid annually
on 31 October.
Funds are only available from 1 November to 31 January.
|
- Direct salary lodgement
- Internet Banking
- Telephone Banking
|
|
Rates effective 1 April 2008.
General
Advice Warning
In providing you with this information you should consider the appropriateness
of this advice with regards to your particular financial situation
and needs. You should consult the Product Disclosure Statement for
each product and the Financial Services Guide before making a decision
to apply for products with Austral. To obtain these documents, contact
Austral.
|
Savings Plan 
