|
What
is the Current Interest Rate?
|
4.00% pa
|
|
Am
I Eligible?
|
Everyone
who is a member is eligible |
|
What
can I use my Targeted Savings Account
for?
|
Your
Targeted
Savings Account provides a way
for you to reach a goal by sticking to a
regular savings pattern. Once you have determined how much it is that you will
need for your goal your Credit Union
will help you calculate, maintain the
discipline and save the
amount on an instalment basis. |
|
How
much do I need to open an account?
|
You
can open a Targeted Savings account with
just $1 |
| How
do I apply? |
Application
Forms and information can be
obtained from this site or by
calling your Credit Union office. |
| How
is interest calculated? |
Interest
is calculated on the minimum monthly
balance. |
| When
is interest paid? |
Interest
is paid to your account twice per year
in March and September. |
| How
do I make deposits to my account? |
Deposits
can only be made to your S4 in the
following ways:
|
| How
can I make withdrawals from my account? |
You
are requested not to withdraw from your Targeted
Savings Account except during
your nominated month, then, providing
deposit funds are cleared, withdrawals
can only be made from your Targeted Savings
Account by transfers
to existing accounts.
|
| What
fees and charges apply to my Targeted Savings Account (S4)? |
If
you withdraw outside your nominated
month, an administrative service fee of
$5.00 per withdrawal will apply.
Withdrawals can be made in the ways
stated above.
Standard
Transaction Fees and Government charges
apply as per your Credit Union's "Equality
and Equity" page.
|
| How
often will I receive information on my Targeted
Savings Account? |
Account
statements will be sent to you six
monthly (at least).
You
can check the details of your S4 at any
time using Direct
Access.
|
