Category: Interest Rates

We would like to let you know that we have exciting news regarding some savings account rate increases to our Retirement Plus and Bonus Saver accounts. These savings account changes will be effective from the 1st June 2023.

Retirement Plus:

On the 1st June 2023 we will be increasing the rate by 0.30%. The total available rate for Retirement Plus holders will be 2.00%

Bonus Saver:

On the 1st June 2023 we will be increasing the rate by 0.25%. The bonus rate will remain as 0.05% making the total available rate for Bonus Saver holders will be 3.80%

Information about the new rates is available here.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

We are increasing our 3, 6 & 12-month Term Deposits by 0.25% p.a. effective 19th May 2023.

Information about the new rates is available here.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

Following the Reserve Bank of Australia’s (RBA) May decision to raise the official cash rate by 0.25% p.a we have increased our variable home loan rates (excluding First Home Loans) by 0.25% p.a. effective on the 16th May 2023 for new business only.

For existing borrowers, effective 1 June 2023, we will be increasing all Variable home loans (Owner Occupied P&I and IO) and Personal Loans by 0.25% p.a. for existing home loan and personal loan borrowers, affecting repayments from 1 July 2023.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

We would like to let you know that we have some exciting news regarding the decrease of our variable & fixed home loan rates which are effective on the 4th of May.

Variable Home Loan Rates
Effective 4th May 2023, members that have a variable home loan account will see the below changes:

• Decrease to the first home loan varaible rates for P&I and IO

• This is applicable for both LVR 80-90% and LVR over 90%

First Home Loan Owner Occupier P&I

• LVR 80-90% was 5.59% now 5.29%

• LVR over 90% was 6.19% now 5.39%

First Home Loan Owner Occupier IO

• LVR 80%-90% was 5.89% now 5.39%

• LVR over 90% was 5.89% now 6.49%

Fixed Home Loan Rates
Effective 4th May 2023, members that have a fixed home loan account will see the below changes:

• Decrease to 3 year fixed home loans by 0.25% for P&I only.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

We’re really pleased to let you know that we’re increasing the interest rates on our U30 Super Charge savings account.

U30 Super Charge

Effective 1st May 2023, members that own a U30 Super Charge savings account will see a 0.05% rate increase.

• From 4.50%p.a to 5.00%p.a

Members can achieve this rate across a maximum of three sub-accounts and a total of $30,000 when they elect to have their salary deposited to any Police Bank Account. To be eligible for this account, you have to be aged between 18-29 years old.

We are here to help, and we encourage any member who may need help to get in touch with our team on

132 267 so we can tailor a financial solution for them.

We’re really pleased to let you know that we’re increasing the interest rates on some of our Term Deposit accounts.

Term Deposit

Effective 6th April 2023,members that own a 3, 4 & 6 month Term Deposit account will see an increase to their rate.

We will be increasing the Term Deposit rate for our 3 & 6 month accounts by 0.25%.

Our 4 month Term Deposit accounts will be increasing by 1.60%.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

We’re really pleased to let you know that we’re increasing the interest rates on our Bonus Saver and Retirement Plus accounts.

Bonus Saver

Effective 1st April 2023, members that own a Bonus Saver account will see an increase to their rate.

We will be increasing the Bonus Rate for our Bonus Saver account by 0.25%. The total available rate for Bonus Saver holders will be 3.55%.

Retirement Plus

Effective 1st April, we will be increasing the interest rate for Retirement Plus account holders by 0.25% bringing the total rate to 1.65%.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.60% on March 7th, we have been reviewing the balance between passing on the interest rate rise to our borrowers as well as our deposit holders.

Variable Home Loans:
Effective 23rd March 2023 ,we have increased the interest rates for new variable home loan borrowers by 0.25%.

Effective 1st April , we will be increasing the interest rate for existing home loan borrowers (both Owner Occupier and Investment) by 0.25%, affecting repayments from 1 May 2023.

Personal Loans
Effective March 23rd 2023, we have increased the variable interest rate for new personal loans by 0.25%.

Effective 1st April , we will be increasing the interest rate for existing variable personal loan borrowers by 0.25%, affecting repayments from 1 May 2023.

Term Deposits
Effective 23rd March 2023 , we have increased our 12 month Term Deposits, our I12 Term Deposit has increased to 4% p.a. and our I24 Term Deposit has increased to 3.95% p.a.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.35% on February 7th, we have been reviewing the balance between passing on the interest rate rise to our borrowers, term deposit holders, and members with savings accounts.

Home Loans:
Effective 28 February 2023 we have increased the interest rates for new variable home loan borrowers by 0.25%.

Effective March 1, we will be increasing the interest rate for existing home loan borrowers by 0.25%, affecting repayments on or after the 1st April.

Personal Loans
Effective March 1, we will be increasing the interest rate for existing variable personal loan borrowers by 0.25%, affecting repayments on or after the 1st April.

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.35% on February 7th, we have been reviewing the balance between passing on the interest rate rise to our borrowers, term deposit holders, and members with savings accounts.

Term Deposit:

We have increased our 3-month Term Deposit rates by 0.25%, effective 17 February 2023.

Savings Accounts:

We will be increasing the rate for our U30 SUPER CHARGE account by 0.25%, bringing our new rate to 4.50%, from March 1, 2023.

We will be increasing the Bonus Rate for our Bonus Saver account by 0.25% on March 1 2023. Our new bonus rate becomes 3.25% on March 1, 2023. With this increase the total available rate for Bonus Saver holders will be 3.30%.

Personal Loans

Effective 17 February, we will be decreasing the interest rate for our Fixed Driveaway Car Loan by 0.20% to a new rate of 6.99%.

We are here to help, and we encourage any member who may need help to get in touch with our team on 132 267 so we can tailor a financial solution for them.