Rates Announcement – 17th February

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.