Interest Rates

Organisations | Interest Rates

Rates applicable as of 1 March 2024.

Cheque / Premium Savings Accounts

Up to $19,999.99 1.40% p.a
$20,000 to $499,999.99 1.40% p.a
$500,000 and over 1.70% p.a

Term Investment Accounts

The minimum term investment amount is $2,000. For terms 12 months or less interest is paid or compounded on maturity. For terms greater than 12 months, interest is paid or compounded annually and on maturity.

1 to less than 2 months 4.35% p.a.
2 to less than 3 months 4.60% p.a.
3 to less than 5 months 5.20% p.a.
5 to less than 6 months 5.25% p.a.
6 to less than 7 months 5.35% p.a.
7 to less than 9 months 5.30% p.a.
9 to less than 10 months 5.35% p.a.
10 to less than 13 months 5.30% p.a.
24 months 5.00% p.a.

Variable Lending Rates

Term Loan 6.20% p.a.
Bridging 6.20% p.a.
Overdraft 6.20% p.a.

Interest on all accounts is calculated on the daily balance.

There are no account charges.

CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified the Catholic Development Fund ABN 15 274 943 760 (the Fund) against any liability arising out of a claim by investors in the Fund. In practice, this means your investment is backed by the assets of the Catholic Archdiocese of Melbourne. The Fund is required by law to make the following disclosure. Investment in the Fund is only intended to attract investors whose primary purpose for making their investment is to support the charitable purposes of the Fund. Investors’ funds will be used to generate a return to the Fund that will be applied to further the charitable works of the Archdiocese of Melbourne and the Dioceses of Sale and Bunbury. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission (ASIC). An investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). The investments that the Fund offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by ASIC. Investors may be unable to get some or all of their money back when the investor expects or at all and investments in the Fund are not comparable to investments with banks, finance companies or fund managers. The Fund’s identification statement may be viewed here or by contacting the Fund. The Fund does not hold an Australian Financial Services Licence.

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