Interest Rate Schedule HOME LOANS| | Interest Rate % per annum | Comparison Rate* % per annum | | Introductory 1 Year Fixed Rate | 4.99 | 5.99 | | 1 Year Fixed Rate | 5.35 | 6.02 | | 2 Year Fixed Rate | 5.35 | 5.96 | | 3 Year Fixed Rate | 5.55 | 5.95 | | Standard Variable Rate | 6.05 | 6.09 |
Please note: Introductory 1 Year Fixed Rate is for new loans over $100,000 only. PERSONAL LOANS| | Interest Rate % per annum | Comparison Rate* % per annum | | $2,000-$4,999 (unsecured) | 13.99 # | 15.04 ^ | | $5,000 and over (unsecured) | 13.99 | 15.04 ^ | | Part-Secured | 13.75 | 14.87 ^ | | Savings Secured | 9.00 | 9.11 ^^ | | Real Estate Secured | 11.25 | 11.36 ^^ |
CAR LOANS| | Deposit | Interest Rate % per annum | Comparison Rate* % per annum | | Special Car Loan Rate | 10% | 7.75 | 7.87 ^^ | | Special Car Loan Rate | 0% | 8.99 | 9.11^^ | | New Cars | 20% | 9.00 | 9.12 ^^ | | New Cars | 0% | 9.70 | 9.82 ^^ | | Used Cars (less than 5 years old) | 20% | 10.20 | 10.32 ^^ | | Used Cars (less than 5 years old) | 0% | 10.95 | 11.07 ^^ | | Used Cars (more than 5 years old) | 20% | 10.20 | 10.32 ^ | | Used Cars (more than 5 years old) | 0% | 11.20 | 11.32 ^ |
Please note: Special Car Loan Rate is for new or used cars (up to 3 years old) with minimum borrowing of $15,000. * A comparison rate is the interest rate plus all known fees and charges that will be incurred with this loan. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Please review our Comparison Rate Schedule for other loan amounts. OVERDRAFTSProduct | Interest Rate % per annum | | Personal Unsecured | 14.25 | Mortgage Secured | 10.05 |
TERM DEPOSITS Term | Interest Rate % per annum | Interest paid | | 3 Months | 4.00 | On maturity | 6 Months | 4.00 | On maturity | 9 Months | 4.00 | On maturity | | 12 Months | 4.00 | Every 6 months | | 24 Months | 4.10 | Every 6 months | | 36 Months | 4.10 | Every 6 months | | 48 Months | 4.10 | Every 6 months |
The Board reserves the right to accept deposits over $100,000. CREDIT CARDS | Special Offer | Interest Rate % per annum | | Platinum | Half annual fee for the first year ($89.00) and 0% pa for 9 months on balance transfers and half annual fee for the first year | Retail 20.24 Cash 21.74 | | Rewards | 1.9% pa for 6 months on balance transfers | Retail 19.74 Cash 21.74 | | Low Rate | Half annual fee for the first year ($37.50) | Retail 12.99 Cash 21.74 |
SAVINGS & TRANSACTIONAL ACCOUNTS | ALL PURPOSE SAVINGS (S1) | Interest Rate % per annum | | Balance up to $1,000 | 0.01 | | Balance between $1,000 - $4,999 | 0.05 | | Balance between $5,000 - $9,999 | 0.10 | | Balance between $10,000 - $49,999 | 0.15 | | Balance over $50,000 | 0.20 | | Interest calculated daily, paid quarterly - June, Sept, Dec & March |
| PRESTIGE (S2) | Interest Rate % per annum | | On portion of balance between $0 - $1,999 | 0.20 | | On portion of balance between $2,000 - $45,400 | 2.50 | | On portion of balance over $45,500 | 4.00 | | Interest calculated daily, paid quarterly - June, Sept, Dec & March |
| BUDGET (S3) | Interest Rate % per annum | | 0.20 | | Interest calculated daily, paid quarterly - June, Sept, Dec & March |
| CHRISTMAS CLUB (S4) | Interest Rate % per annum | | 1.55 | | Interest calculated on minimum monthly balance, paid 31st October. Account access only between 1st November - 31st January. |
| ONLINE SAVER (S6) | Interest Rate % per annum | | On portion of balance below $1,000 | 0.20 | | On portion of balance above $1,000 | 3.65 | | Interest calculated daily, paid quarterly - June, Sept, Dec & March |
| GOLDEN (S20) | Interest Rate % p.a. | | 3.65 | | Minimum balance $5,000. Interest calculated daily, paid monthly. Over a 12 months period the yield per annum is 3.71%. Add to with minimum deposits of $500 except where by Periodical Payment or payroll deduction. Seven days notice of withdrawal after deposit current for 30 days. |
| KID'S SUPER SAVER (S50) | Interest Rate % p.a. | | 2.55 | | Interest calculated on minimum monthly balance, paid quarterly - June, Sept, Dec & March |
| BONUS SAVER (S97) | Interest Rate % p.a. | | 3.60 | | Interest calculated daily, paid monthly. Must deposit at least $50 per month into account and make no withdrawals during the month to be eligible for the bonus rate. If both requirements are not met, then the rate reverts back to current base variable rate. The bonus interest is in addition to the base rate of 0.20%p.a. |
Notes - All Home Loans available for Owner Occupied or Investment properties. Home Loans comparison rate based on $150,000 over 25 years. All Fixed loans convert to a Variable rate loan at the end of the fixed term. Home Loans range from 10-30 years.
- Interest Only for one year only for bridging purposes. Total Interest Only period may be for up to 10 years. Formal review required after 5 years.
- # Minimum term 18 months.
- ^ Comparison rate based on $10,000 over 3 years
- ^^ Comparison rate based on $30,000 over 5 years
- Terms, conditions, fees and charges may apply. Before using any of Orange Credit Union's products or services you should read our Financial Services Guide. For a copy of our Terms & Conditions please contact our office.
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