savingsSavings & Investment Accounts

South West Slopes Credit Union have a number of accounts with a wide range of access facilities.  We are sure we have the right account for your needs.

View our Summary of Accounts and Access Facilities 1 March 2014 for full account comparison.

General Savings Account – S1 (Default Savings account on opening of Membership)

Everyday account with all access methods excluding Credit Card.

Interest calculated daily and paid annually on 30 June.

Savings Account – S2

Additional savings account to S1.

Limited Access methods.

Interest calculated daily and paid annually on 30 June.

Visa Classic Credit Card Account – S3

Offers Up to 55 days Interest free on purchases.

Low Annual fee.

Competitive Interest Rate.

Credit Limit as low as $500.00.

Budget Savings Account – S4

This account is perfect for periodical payments or direct debits.

Limited access methods.

Interest calculated daily and paid annually on 30 June.

Christmas Club – S5

Our S5 is a great account to save for Christmas as it offers a higher rate of interest
With deposits accepted from 1 December until 30 November.

Interest is paid on 30 November, interest and balance of account are transferred to your General Savings Account S1.

Teenage Savings Account – S6

Our S6 account is specifically designed for our 13-18 year olds.

Enables teenagers to manage their own money.

Higher interest rate.

Most access methods available.

Interest calculated daily and paid annually on 30 June.

Seven Day Notice – S7

Our S7 account is designed to encourage savings with seven days notice required before withdrawing funds. (we may allow early withdrawal at our absolute discretion).

With a higher interest rate this makes a great account to save for something special.

Interest calculated daily and paid annually on 30 June.

Super Saver Account – S8

Our S8 account is specifically designed for our under 13 year olds.

A great account to start a savings pattern for our younger members.

Higher interest rate.

Most access methods available.

Interest calculated daily and paid annually on 30 June.

Superannuation Account – S9

This account is only available to members with their own Superannuation Fund established.

General savings account with most access methods available.

Interest calculated daily and paid annually on 30 June.

Term Deposit Accounts (Rediterms)

We offer tiered Term Deposit accounts.

Tier 1 – $500-$9,999
Tier 2 – $10,000-$49,999
Tier 3 – $50,000 and over.

Our Rediterms require a fixed amount for fixed period (3, 6, 9 or 12 months). Ability to deposit or withdraw funds at maturity. We may allow early withdrawal at our absolute discretion eg: in cases of hardship or special need.

Our tiered rates offer competitive interest rates to allow the maximum return for your investment. (see our current rates). Interest is calculated daily and paid on maturity or at monthly intervals.