Effective 17 May 2010

 

Lending Interest Rates

 

Savings & Investment interest Rates

 

Step Ahead Home & Investment Loans

Balance Term Rate
$150,000 - $249,999.99 up to 30 years 6.84%
$250,000 - $499,999.99 up to 30 years 6.74%
$500,000 - $749,999.99 up to 30 years 6.74%
$750,000 - $999,999.99 up to 30 years 6.69%
$1 million or more up to 30 years 6.64%

Fixed Rate Loans

Term Rate
1 year 6.99% p.a.
2 years 7.69% p.a.
3 years 7.99% p.a.

Home Loans

  Term Rate
Home Plus Standard variable rate 7.04% p.a.
Home Access All in one account variable rate 7.04% p.a.
Mortgage Secured Overdraft 100% offset facility up to 7.04% p.a.
Low Equity Loan Up to 30 years 7.44% p.a.

Investment Loans

  Term Rate
Investment Plus Standard variable rate 7.04% p.a.
Investment Access All in one account variable rate 7.04% p.a.
Investment Options

Interest-only, 1 year fixed
Interest-only, 2 year fixed
Interest-only, 3 year fixed
Interest-only, variable rate up to 30 year term

 6.99% p.a.
7.69% p.a.
7.99% p.a.
6.79% p.a.

Personal Loans

  Term Rate
Personal Loan Secured Intro 6-month discount variable rate 9.25% p.a.
Personal Loan Secured Standard variable rate 10.75% p.a.
Personal Loan Unsecured/Secured Standard variable rate 13.50% p.a.
Unsecured Line of Credit Standard variable rate 13.50% p.a.
Unsecured Overdrafts Standard variable rate 13.75% p.a.
Special car loan promotion Standard variable rate (limited time only) 8.95% p.a.

Credit Cards

  Annual Fee Introductory Rate
(for 5 months)		 Rate
Lifestyle $0 4.99% p.a. 13.60% p.a.
Lifestyle Plus (up to 46 days interest free) $0 4.99% p.a. 17.10% p.a.

Comparison Rates for Consumer Credit Code Regulated Fixed Term Loans

Term
Type Annual Rate Amount Term Comparison Rate
Step Ahead 6.84% p.a.
6.74% p.a.
6.74% p.a.
6.69% p.a.
6.64% p.a.		 $150,000 - $249,999.99
$250,000 - $499,999.99
$500,000 - $749,999.99
$750,000 - $999,999.99
$1 million or more		 25 years
25 years
25 years
25 years
25 years		 6.84% p.a.
6.74% p.a.
6.74% p.a.
6.69% p.a.
6.64% p.a.
Fixed Rate 6.99% p.a.
7.69% p.a.
7.99%p.a.		 $150,000
$150,000
$150,000		 1 year
2 years
3 years		 7.08% p.a.
7.22% p.a.
7.37% p.a.
Home Plus 7.04% p.a. $150,000 25 years 7.08% p.a.
Low Equity Loan 7.44% p.a. $150,000 25 years 7.49% p.a.
Personal Loan Secured 10.75% p.a. $10,000 3 years 10.75% p.a.
Personal Loan Secured - Intro 6 month discount variable rate 9.25% p.a. $10,000 3 years 10.28% p.a.
Personal Loans Unsecured/Secured 13.50% p.a. $10,000 3 years 13.50% p.a.^
Special Car Loan Promotion 8.95% p.a. $10,000 3 years 8.95% p.a.^

^Calculated on the basis the loan is secured.

Bonus Saver

Tier Base Rate Bonus Rate Maximum Rate
$5,000 & over 1.75% p.a. 4.25% p.a. 6.00% p.a.
Below $5,000 1.75% p.a. 0.00% p.a. 1.75% p.a.

At Call Deposits

Daily Balance Interest Rate
$1 million and over 4.75% p.a.
$500,000 to $999,999.99 4.50% p.a.
$250,000 to $499,999.99 4.25% p.a.
$100,000 to $249,999.99 4.25% p.a.
$50,000 to $99,999.99

3.75% p.a.
$25,000 to $49,999.99 3.00% p.a.
$5,000 to $24,999.99 0.25% p.a.
Below $5,000 0.10% p.a.

Retirement Savings Accounts

Daily Balance Rate (before tax) Rate (after tax)
Over $50,000 4.50% p.a. 3.8250% p.a.
$50,000 and below 3.50% p.a. 2.9750% p.a.

Allocated Pensions

Daily Balance Rate (before tax) Rate (after tax)
$1 million & over 5.00% p.a. 5.00% p.a.
$500,000 to $999,999.99 4.75% p.a. 4.75% p.a.
Below $500,000 4.50% p.a. 4.50% p.a.

Term deposits special offer

Balances Term Rate
$10,000 & over 5 months 6.10% p.a.
$10,000 & over 7 months 6.30% p.a.
$10,000 & over 11 months 6.25% p.a.

Term Deposits*

Term
Balance 3 mths 6 mths 9 mths 12 mths 24 mths 36 mths
$2,000 to $4,999.99 3.00% p.a. n/a n/a n/a n/a n/a
$5,000 to $9,999.99 4.00% p.a. 4.80% p.a. 4.75% p.a. 4.50% p.a. 4.50% p.a. 4.50% p.a.
$10,000 to $49,999.99 5.50% p.a. 6.30% p.a. 6.25% p.a. 6.00% p.a. 6.00% p.a. 6.00% p.a.
$50,000 to $99,999.99 5.50% p.a. 6.30% p.a. 6.25% p.a. 6.00% p.a. 6.00% p.a. 6.00% p.a.
$100,000 to $249,999.99 5.50% p.a. 6.30% p.a. 6.25% p.a. 6.00% p.a. 6.00% p.a. 6.00% p.a.
$250,000 to $499,999.99 5.50% p.a. 6.30% p.a. 6.25% p.a. 6.00% p.a. 6.00% p.a. 6.00% p.a.
$500,000 & over 5.50% p.a. 6.30% p.a. 6.25% p.a. 6.00% p.a. 6.00% p.a. 6.00% p.a.

*All term deposit rates (above) are per annum.

Qsaver - Online savings account

Daily Balance Rate
$500,000 & over 5.00% p.a.
Below $500,000 4.75% p.a.

^Bonus rates available for a limited time only.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redreaw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency has been used to calculate the comparison rates. Please download our comparison rate schedule.

IMPORTANT NOTE: Interest changes are at the discretion of the Credit Union. We may change the interest rate, method of calculation or the frequency of interest payments without your concent. If they are changed you will be given notice of the change by persoanl letter, newsletter or account statement, or in the case of interest rate changes, in a newspaper.

 

For at call deposits, if we: 1) change the method interest calcualtion, we will give you at least 30 days notice; 2) increase your obligation or reduce interest rates, we will notify you no later than the day we make the change; 3) reduce your obligations or increase interest rates, we will notify you in our next contact with you after making the change.

 

Home loans prior to 24 february 2010

Step Ahead Home & Investment Loans Term Rate
$500,000 to $749,999 Up to 30 years 6.64% p.a.
$750,000 to $999,999 Up to 30 years 6.54% p.a.
$1 million & more Up to 30 years 6.44% p.a.

Home loans between 2 April 2007 and 15 january 2008

Step Ahead Home & Investment Loans Term Rate
Sale rate $250,000 to $499,999 Up to 30 years 6.64% p.a.

For further information please read the first part of the Savings Accounts and Payment Services and Term Deposit Product Disclosure Statement or the relevant contract terms and conditions or product disclosure statement for other products.

Downloadable Interest Rate Brochure
Current interest rates
Comparison Rates

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