Notice of Annual General Meeting 2022
The 51st Annual General Meeting (AGM) of Illawarra Credit Union Limited (ABN 14 087 650…
News
For loan customers:
The Reserve Bank of Australia met on Tuesday 2 May 2023 and made the decision to increase the Cash Rate by 0.25% to 3.85%. As the cash rate is one factor that affects our cost of funds, we have made the decision to increase our home loan variable interest rates by 0.25% p.a. effective from 24 May 2023.
Deposit product changes:
We have also made the decision to increase our interest rates across our deposit products, with changes to our term deposits, Everyday Plus account and our Saver product.
Our personal term deposit products:
Term | Interest annually ($1,000+) |
1 month | 1.50% |
2 month | 1.50% |
3 month | 2.75% |
4 month | 2.50% |
5 month | 2.50% |
6 month | 3.25% |
7 month | 3.00% |
8 month | 3.00% |
9 month | 3.00% |
10 month | 3.00% |
11 month | 3.00% |
12 month | 4.00% |
Our business term deposit products:
Term | Interest annually ($1,000+) |
1 month | 1.25% |
2 month | 1.25% |
3 month | 2.50% |
4 month | 2.25% |
5 month | 2.25% |
6 month | 3.00% |
7 month | 2.75% |
8 month | 2.75% |
9 month | 2.75% |
10 month | 2.75% |
11 month | 2.75% |
12 month | 3.75% |
Everyday Plus:
Balance | Interest Rate |
$0 - $249,999 | 1.65% |
$250,000+ | 2.00% |
Saver:
Balance | Interest Rate |
$0 - $99,999 | 2.50% |
$100,000+ | 0.05% |
Rates as at 24 May 2023 and are subject to change
We’re here to help
Our team are on hand to assist any and all customers. We are mindful that some of our customers may be experiencing financial difficulties. If you are one of them, please contact us to discuss alternative arrangements. You can apply for financial assistance here or call us. We understand that many of our customers may have questions about the changes. If you’d like to speak to a team member, please call us on 1300 132 249.
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