saving & investment rates
effective : 04 June 2009 Savings Accounts Access Account
$1 to $4,999 $5,000 to $9,999 $10,000 to $19,999 $20,000 to $49,999 $50,000 to $99,999 $100,000 and above
Interest calculated daily on whole of balance and credited quarterly.
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Fixed Term Deposits Interest paid at maturity or annually
0.01% 0.01% 0.01% 0.01% 0.50% 0.50% Term (Mth) 3 4-8 9 - 11 12 - 18 19 - 24 $500 $4,999 2.50% 2.50% 2.50% 2.50% 3.50% $5,000 $24,999 3.50% 3.00% 3.50% 4.00% 5.00% $25,000 $49,999 3.50% 3.00% 3.50% 4.00% 5.00% $50,000 $99,999 3.50% 3.00% 3.50% 4.00% 5.00% $100,000 & over 3.50% 3.00% 3.50% 4.00% 5.00%
Cash Management - Transaction Account
$1 to $4,999 $5,000 to $19,999 $20,000 to $49,999 $50,000 to $99,999 $100,000 to $249,999 $250,000 and over
$5,000 minimum opening balance only. Interest calculated daily on whole of balance and credited monthly.
Interest paid six monthly
0.00% 0.20% 0.60% 1.85% 2.60% 2.70% Term (Mth) 12 18 or 24 $500 $4,999 2.45% 3.45% $5,000 $24,999 3.95% 4.95% $25,000 $49,999 3.95% 4.95% $50,000 $99,999 3.95% 4.95% $100,000 & over 3.95% 4.95%
Interest paid monthly
Term (Mth) 12 - 18 19 - 24 $5,000 $24,999 3.80% 4.80% $25,000 $49,999 3.80% 4.80% $50,000 $99,999 3.80% 4.80% $100,000 & over 3.80% 4.80%
Cash Management - High Yield Account
$1 to $4,999 $5,000 to $19,999 $20,000 to $49,999 $50,000 to $149,999 $150,000 and over
Funds fixed for 7 days then at call. $5,000 minimum balance, $500 minimum transaction. Interest calculated daily on whole of balance and credited quarterly.
0.00% 1.35% 2.35% 3.00% 3.10%
Interest paid fortnightly
Term (Mth) 12 - 18 19 - 24 $5,000 $24,999 3.75% 4.75% $25,000 $49,999 3.75% 4.75% $50,000 $99,999 3.75% 4.75% $100,000 & over 3.75% 4.75%
Community Access Account
$1 to $4,999 $5,000 to $149,999 $150,000 to $499,999 $500,000 and over
Interest calculated daily on balance and paid monthly. Available only to schools and non-profit organisations.
0.01% 3.00% 3.10% 3.25%
Edvest Products
An annual Edvest Membership fee of $18 is required to access Edvest products.
Regular income - 12 or 24 mths (Fortnightly Int)
$20,000 to $499,999 0.50% 3.00% 3.10% 3.75%
Cyber Saver Account
$1 to $4,999 $5,000 to $149,999 $150,000 and over
Funds available at call and accessed via internet banking. Interest calculated daily on whole of balance and credited monthly.
Deferred Interest - 6 or 12 mths (Int at Maturity)
$1,000 to $4,999 $5,000 + 2.50% 4.00%
Christmas Club Account
Any balance
Funds Available from Nov 1. Interest calculated daily on whole of balance and credited on Nov 30. Automatic transfer of balance on Dec 1.
Special Term Deposit Offer
0.50%
Term 4 Mth $5,000 and over Effective 04 June 2009
0.10% 2.00% 3.00% Interest paid at maturity (Special Rate)
4.00%
Deeming Account
$1 to $1,999 $2,000 to $40,999 $41,000 and over
Interest calculated daily on portion of balance within each interest rate tier and credited quarterly. Available to eligible members only.
Incentive Saver Account
$1 to $4,999 $5,000 and over 0.10% + 1.90% p.a. bonus interest # 0.10% + 1.90% p.a. bonus interest #
Interest calculated daily on whole of balance and credited monthly. # At least $100 deposited per month and zero withdrawals per month. Interest rates are fixed for the term of the investment. Fixed Term Deposit rates are applicable to all new term deposits and rollovers as advised by a maturity letter. All other existing Term Deposits will remain fixed until maturity of the current term.
mySaver Account (for 0-25 year olds)
$0.01 and over 0.10% + 2.65% p.a. bonus interest #
Interest calculated daily on whole of balance and credited monthly. # At least $1 deposited per month and zero withdrawals per month. Early Withdrawal Policy - By opening a Term Deposit with mecu, an agreement is entered into whereby the Credit Union agrees to pay a specified interest rate on the amount invested. Interest paid on principal amounts withdrawn early will equate to the percentage of the current term over the original agreed term. e.g. If the term deposit is held for 80% of the original term, 80% of the accrued interest will be paid upon early redemption. Any funds not redeemed will remain in the account until final expiry of the agreed term and will attract the full rate of interest as originally specified. Minimum retained balance is $500.
Rates are subject to change. Visit mecu.com.au for the latest rates.
mecu Limited . 222 High Street, Kew Victoria 3101, Australia . Private Bag 12, Kew Victoria 3101, Australia ABN 21 087 651 607 . AFSL 238431 . Telephone 132 888 . Facsimile 03 9853 9294 . Email mail@mecu.com.au .mecu.com.au