Terms and
Conditions for Redifund Account (S10 & S50)
- H.M.C. Staff Credit Union Ltd ("your Credit Union")
reserves the right to vary these Terms and Conditions without prior consent.
- When changes of Terms and Conditions or Fees and
Charges occur, your Credit Union will provide written notice of the change to each
affected member at least 30 days before it takes effect.
- Changes in Interest Rates are subject to
movement of rates in the market and may alter on a weekly basis.
Information on current rates may be obtained using phone banking, the
Credit Union's web site (http://www.hmcstaff.com.au)
or by regular advice in your Credit Union's Newsletter. Redifund Plus
(S50) accounts always maintain an interest rate of .25% pa. above the Redifund S10.
- General descriptive information is available for all products and
services.
- Redifund (S10) is available to all members.
- Redifund Plus (i.e. the S50)
is only available to members of the Edvest Retirement Service.
- Interest is calculated on the daily balance of the account and will
be credited to the account in March and September.
- Different interest rates are
applied tiered (i.e. applied to different balance
levels) with the rate for your balance threshold being applied to the whole balance
of your account.
- Debit interest is calculated daily on any overdrawn balance and
debited to the account.
- Your Credit Union may appropriate the credit balance of the account
towards repayment of any debt, the member owes to your Credit Union.
- Restrictions apply to this account, as follows:
- Withdrawals of less that $500 from a Redifund account are subject
to a fee.
- Statements will be sent each six (6) months (at least).
- Fees and charges are payable on this account.
- Current interest rates, fees and charges are available on request.
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