Changes to our Account and Access Facility Conditions of Use
Notice to Customers Illawarra Credit Union is making changes to our Account and Access Facility Conditions…
News
Important Update – Deposit Rate Changes
We’re making changes to our deposit rates.
We’re making changes to our deposit rates.
From time to time, we review our rates and fees and have made a decision to decrease interest rates across some of our deposit products to take effect from the dates as listed below.
Changes to our Personal and Business Term Deposits – Effective 16 May 2025
| Term Deposits – Interest Maturity | Current Tier | Interest Rate |
| 3 months | $1,000+ | 4.25% p.a. |
| 4 months | $1,000+ | 4.25% p.a. |
| 5 months | $1,000+ | 4.25% p.a. |
| 6 months | $1,000+ | 4.15% p.a. |
| 7 months | $1,000+ | 4.15% p.a. |
| 8 months | $1,000+ | 4.15% p.a. |
| 9 months | $1,000+ | 4.15% p.a. |
| 10 months | $1,000+ | 4.15% p.a. |
| 11 months | $1,000+ | 4.15% p.a. |
| 12 months | $1,000+ | 4.10% p.a. |
| 12 months – interest monthly | $1,000+ | 4.00% p.a. |
Changes to Everyday & Savings Accounts – Effective 27 May 2025
| Account | Balance | Interest rate |
| Everyday Plus | $0-9,999 | 0.10% p.a. |
| $10,000-$99,999 | 1.00% p.a. | |
| $100,000 and over | 2.00% p.a. | |
| Saver | $0 - $99,999 | 2.00% p.a. |
| $100,000 - $249,999 | 2.00% p.a. | |
| $250,000 plus | 0.05% p.a. | |
| Christmas Saver | $0 - $29,999 | 2.00% p.a. |
| $30,000+ | 0.00% p.a. |
Changes to our Personal Term Deposits – Effective 27 May 2025
Please note that all 1 and 2 month Term Deposit terms have now been retired and are no longer available for selection.
Changes to our Business Term Deposits – Effective 27 May 2025
Please note that all 1 and 2 month Term Deposit terms have now been retired and are no longer available for selection.
Changes to Savings Accounts – Effective 1 June 2025
| Account | Balance | Interest rate |
| Bonus Saver |
$0 plus (base interest) | 0.00% p.a. |
| Bonus interest on the part of the balance from $0 to $99,999 | 3.75% p.a. | |
| Bonus interest on the part of the balance $100,000 to $249,000 | 3.75% p.a. | |
| Bonus interest on the part of the balance $250,000 to $1,999,999 | 3.75% p.a. | |
| Bonus interest on the part of the balance $2,000,000 + | 3.75% p.a. | |
| Wildlife Saver |
$0 - $25,000 | 2.00% p.a. |
| $25,000 plus | 0.00% p.a. |
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We've updated our deposit products
We’ve made changes to our deposit rates. Effective Money 1 July 2024, we increased the rates…
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