Interest rate changes to savings accounts

June 2021 Update

Savings Accounts

Credit Union SA

Member Experience Team

18 June 2021

| Announcements

We’ll be making some changes to our 55+ Account, Bonus Savings Account and Children’s Savings Account interest rates, effective Friday 25 June 2021.

You can see the details of the changes we’ve made below, and these will also be detailed in your account transactions in Internet Banking and the Mobile Banking App, and also in your next account statement:

55+ Account

Reduced the rate for balances between $50,000 - $250,000 from 0.30% pa to 0.20% pa.

Reduced the rate for balances over $250,000 from 0.40%pa to 0.30% pa.

Bonus Savings Account

Reduced the bonus rate for eligible account holders from 0.30% pa to 0.25% pa, which reduces the combined rate + bonus to 0.30% pa.

Children’s Savings Account

Reduced the bonus rate for eligible account holders from 1.15% pa to 1.05% pa, which reduces the combined rate + bonus to 1.10% pa.

You can see all of the current rates for our Savings and Transactions Accounts on our rates page.

If you have any questions feel free to get in touch by Secure Mail through Internet Banking or you can call us on (08) 8202 7777 from 8am-8pm Monday to Friday, or 8am-2pm on Saturdays.

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Call us on (08) 8202 7777 or visit us: 400 King William Street Adelaide

FREQUENTLY ASKED QUESTIONS

How do I open a Savings Account using my Mobile Banking App?

Simply select ‘Open account’ from the drop-down menu, choose the account you want and follow the instructions.

What is retirement planning?

Retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects may include lifestyle choices as how to spend time in retirement, where to live or when to completely quit working.

Financial planners or advisers can help you develop retirement plans with the goal of achieve financial independence after paid work is complete. Credit Union SA works with Calm Wealth to deliver superior financial planning services. Calm Wealth has been helping Australians reach their financial goals for over 30 years in Adelaide and is focussed on providing financial advice to the customer-owned banking sector including credit unions and mutual banks.

A Calm Wealth financial planner will develop a plan specifically for you - one that’s tailored to your needs and circumstances, to help you achieve your goals. Contact us to arrange a free, no-obligation initial consultation with Calm Wealth.

Call us (08) 8202 7777

How do I increase my daily limits in Internet Banking?

This can not be done via Internet Banking. You will need to call us on (08) 8202 7777.