Interest Rates
Effective 14 December 2019
On Call: ($0 – $1,500,000) Success Saver: 1.60% p.a
Term Deposits
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| Term | $1,000 – $1,500,000 |
| 1 month | 1.00% p.a. |
| 2 month | 1.00% p.a. |
| 3 months | 2.15% p.a. |
| 4 months | 2.35% p.a. |
| 5 months | 2.40% p.a. |
| 6 months | 2.70% p.a. |
| 9 months | 2.75% p.a. |
| 12 months | 2.70% p.a. |
| 18 months | 2.70% p.a. |
| 24 months | 2.80% p.a. |
| 36 months | 2.80% p.a. |
| 48 months | 2.85% p.a. |
| 60 months | 2.85% p.a. |
| – Interest is paid on maturity for terms less than 12 months – Interest may be paid quarterly or compounded for terms 12 months and over – Minimum shareholding is $1,000 – Maximum total shareholding permitted per customer is $1,500,000 – If an early withdrawal is approved by NZCU South, a reduced rate of interest will apply as follows: a) If a term deposit is withdrawn, in full or in part, within the first 30 days, 0% interest will be applied to the withdrawn portion. b) Where the term deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the time the term deposit was opened, for the actual term the money was invested (as determined at our discretion), less 2%. The applicable interest rate will not reduce below 0%. |
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| Interest rates are subject to change. | |
| These Credit Union deposits are secured by a registered first ranking Trust Deed. | |
Personal Loans
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| Loan against Savings | From 10.50% p.a (Subject to change) | |
| Personal Loans | From 9.9% p.a | |
| Normal lending criteria applies | ||
Home Loans – Effective 1 December 2019
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| Floating | 5.65% p.a. | ||
| Fixed | 6 months | 4.99% p.a. | |
| 12 months | 4.75% p.a. | ||
| 18 months | 4.75% p.a. | ||
| 24 months | 4.75% p.a. | ||
| Click here to view our Product Disclosure Statement. | |||
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