Interest rates
Are you curious to find out more about our current rates? To make it simple, we’ve placed all our rates in the one spot so you can check them out below. Don’t fret, they’re easy to understand. But if you have any questions, just call us 13 22 49.
Owner Occupied Home Loans
Investment Home Loans
Personal Loan Rates
Transaction Accounts
Savings Accounts
Term Deposit
Business loans
Business Term deposit
Grandfathered
Important Notes
| principal & interest | interest only | |||
The Works Package Fixed |
interest rate | comparison rate | interest rate | comparison rate |
| 1 year | 2.34% p.a.2 | 3.00% p.a.1 | 2.50% p.a.2 | 3.01% p.a.1 |
| 2 years | 2.29% p.a.2 | 2.98% p.a.1 | N/A | N/A |
| 3 years | 2.35% p.a.2 | 2.98% p.a.1 | N/A | N/A |
| 5 years | 2.74% p.a.2 | 3.11% p.a.1 | N/A | N/A |
| principal & interest | interest only | |||
Bare Essentials Fixed |
interest rate | comparison rate | interest rate | comparison rate |
| 1 year | 2.65% p.a.2 | 2.65% p.a.1 | 2.80% p.a.2 | 2.66% p.a.1 |
| 2 years | 2.65% p.a.2 | 2.65% p.a.1 | N/A | N/A |
| 3 years | 2.40% p.a.2 | 2.60% p.a.1 | N/A | N/A |
| 5 years | 3.04% p.a.2 | 2.82% p.a.1 | N/A | N/A |
| principal & interest | interest only | |||
Standard Fixed Home Loan |
interest rate | comparison rate | interest rate | comparison rate |
| 1 year | 2.69% p.a.2 | 3.61 % p.a.1 | 3.95% p.a.2 | 3.72% p.a.1 |
| 2 year | 2.79% p.a.2 | 3.54% p.a.1 | 3.89% p.a.2 | 3.74% p.a.1 |
| 3 year | 2.79% p.a.2 | 3.47% p.a.1 | 3.89% p.a.2 | 3.76% p.a.1 |
| 5 year | 3.14% p.a.2 | 3.49% p.a.1 | 4.09% p.a. 2 | 3.87% p.a.1 |
| principal & interest | interest only | |||
Standard Salary Package Fixed Home Loan |
interest rate | comparison rate | interest rate | comparison rate |
| 2 year (P&I) | 2.21% p.a.2 | 2.63% p.a.1 | N/A | N/A |
| 3 year (P&I) | 2.39% p.a.2 | 2.64% p.a.1 | N/A | N/A |
| 1 Comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. |
| 2 Fixed rate reverts to our Variable rate or Variable Invest rate as applicable after the fixed period. |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
| principal & interest | interest only | |||
Bare Essentials>$150K – <$800K |
interest rate | comparison rate | interest rate | comparison rate |
| First home loan offer | 2.45% p.a. | 2.50% p.a.1 | N/A | N/A |
| principal & interest | interest only | |||
The Works Package |
interest rate | comparison rate | interest rate | comparison rate |
| The works package | 2.50% p.a. | 3.01% p.a.1 | 2.50% p.a. | 3.01% p.a.1 |
| principal & interest | interest only | |||
Standard Home Loan |
interest rate | comparison rate | interest rate | comparison rate |
| Standard Home Loan | 3.64% p.a. | 3.69% p.a1 | 4.00% p.a. | 4.05% p.a.1 |
| principal & interest | interest only | |||
bare essentials |
interest rate | comparison rate | interest rate | comparison rate |
| Bare Essentials | 2.59% p.a. | 2.64% p.a.1 | 3.85% p.a. | 3.90% p.a.1 |
| principal & interest | interest only | |||
the standard salary packaging owner occupied variable |
interest rate | comparison rate | interest rate | comparison rate |
| Variable (P&I) | 2.65% p.a. | 2.70% p.a.1 | N/A | N/A |
| principal & interest | interest only | |||
reference rates |
interest rate | comparison rate | interest rate | comparison rate |
| The Works Package | 3.59% p.a. | 3.89% p.a.1 | 4.05% p.a. | 4.35% p.a.1 |
| Standard variable | 4.54% p.a. | 4.59% p.a.1 | 4.90% p.a1 | 4.95% p.a1 |
| 2 year Introductory | 4.60% p.a. | 4.65% p.a.1 | N/A | N/A |
| Bare essentials | 4.24% p.a. | 4.29% p.a.1 | 4.50% p.a1 | 4.55%p.a1 |
| The Works | 3.59% p.a. | 3.89% p.a.1 | N/A | N/A |
| 1 Comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. |
| 2 Fixed rate reverts to our Variable rate or Variable Invest rate as applicable after the fixed period. |
| 3For new home loans >$150K, after your introductory special term expires, it will revert to The Works Package owner occupied, variable principal & interest rate. |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
| principal & interest | interest only | |||
The works package invest fixed |
rate | comparison rate | rate | comparison rate |
| 1 year | 2.85% p.a.2 | 3.75% p.a.1 | 2.85% p.a.2 | 3.75% p.a.1 |
| 2 year | 2.59% p.a.2 | 3.67% p.a.1 | 2.64% p.a.2 | 3.68% p.a.1 |
| 3 year | 2.55% p.a.2 | 3.60% p.a.1 | 2.65% p.a.2 | 3.63% p.a.1 |
| 4 year | 3.09% p.a.2 | 3.72% p.a.1 | N/A | N/A |
| 5 year | 3.09% p.a.2 | 3.71% p.a.1 | 3.24% p.a.2 | 3.77% p.a.1 |
| principal & interest | interest only | |||
Bare Essentials invest fixed |
rate | comparison rate | rate | comparison rate |
| 1 year | 2.85% p.a.2 | 3.21% p.a.1 | 2.85% p.a.2 | 3.21% p.a.1 |
| 2 year | 2.75% p.a.2 | 3.17% p.a.1 | 2.75% p.a.2 | 3.17% p.a.1 |
| 3 year | 2.65% p.a.2 | 3.12% p.a.1 | 2.65% p.a.2 | 3.12% p.a.1 |
| 5 year | 3.55% p.a.2 | 3.39% p.a.1 | 3.55% p.a.2 | 3.39% p.a.1 |
| principal & interest | interest only | |||
Standard Fixed Investment |
rate | comparison rate | rate | comparison rate |
| 1 year | 3.75% p.a.2 | 4.30% p.a.1 | 3.99% p.a.2 | 4.32% p.a.1 |
| 2 year | 3.80% p.a.2 | 4.26% p.a.1 | 3.85% p.a.2 | 4.27% p.a.1 |
| 3 year | 3.75% p.a.2 | 4.21% p.a.1 | 3.78% p.a.2 | 4.22% p.a.1 |
| 5 year | 4.18% p.a.2 | 4.30% p.a.1 | 3.99% p.a.2 | 4.23% p.a.1 |
| 1 Comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. |
| 2 Fixed rate reverts to our Variable rate or Variable Invest rate as applicable after the fixed period. |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
| principal & interest | interest only | |||
The Works Package Investment |
rate | comparison rate* | rate | comparison rate* |
| Variable | 3.30% p.a. | 3.79% p.a.1 | 3.30% p.a. | 3.79% p.a.1 |
| The Works Package Investment Reference Rate | 4.35% p.a. | N/A | 4.60% p.a. | N/A |
| principal & interest | interest only | |||
Bare Essentials Investment |
rate | comparison rate* | rate | comparison rate* |
| Bare Essentials Investment | 3.19% p.a. | 3.24% p.a.1 | 3.39% p.a. | 3.44% p.a.1 |
| Bare Essentials Investment Reference rate | 4.64% p.a. | 4.69% p.a.1 | 4.90% p.a. | 4.95% p.a.1 |
| principal & interest | interest only | |||
Standard Variable Investment Home Loan |
rate | comparison rate | rate | comparison rate |
| Standard Investment home loan | 4.30% p.a. | 4.35% p.a.1 | 4.40% p.a. | 4.45% p.a.1 |
| principal & interest | interest only | |||
standard variable investment home loan reference rate |
rate | comparison rate | rate | comparison rate |
| Standard variable investment reference rate | 5.05% p.a. | N/A | 5.15% p.a. | N/A |
| 1 Comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. |
| 2 Fixed rate reverts to our Variable rate or Variable Invest rate as applicable after the fixed period. |
| 3For new home loans >$150K, after your introductory special term expires, it will revert to The Works Package owner occupied, variable principal & interest rate. |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
Personal loan rates |
Rate | Comparison rate |
| Secured Fixed Personal Loan (new asset) | 5.60%p.a. | 5.88%p.a.4 |
| Secured Fixed Personal Loan (used asset) | 5.64%p.a. | 5.92%p.a.4 |
| Unsecured Fixed Personal Loan | 9.75%p.a. | 10.04%p.a.5 |
| Secured Variable Personal Loan6 | 6.25% p.a. | 6.89% p.a.4 |
Overdraft Rates |
variable rate | comparison rate |
| personal overdraft (unsecured) | 14.71%p.a. | N/A |
| personal overdraft (mortgage secured) | 11.86%p.a. | N/A |
| 4 Comparison rates are calculated on a secured loan amount of $30,000 over a term of 5 years. |
| 5 Comparison rates are calculated on an unsecured loan amount of $30,000 over a term of 5 years. |
| 6 Secured Variable Personal Loan available on new assets up to 2 years old. This product is only available as part of the Online Personal Loan Package. A discount of 1.00% applies where the package conditions are met. |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
Everyday Student
| balance | interest rate |
| $0+ | 0.00% p.a. |
Everyday
| balance | interest rate |
| $0+ | 0.00% p.a. |
Everyday Plus
| balance | interest rate |
| $0 – $9,999 | 0.05% p.a. |
| $10,000 – $29,999 | 0.05% p.a. |
| $30,000 – $49,999 | 0.05% p.a. |
| $50,000 – $99,999 | 0.35% p.a. |
| $100,000 – $249,999 | 0.35% p.a. |
| $250,000 + | 0.55% p.a. |
Everyday Business
| balance | interest rate |
| $0 – $4,999 | 0.00% p.a. |
| $5,000 – $49,999 | 0.00% p.a. |
| $50,000 + | 0.00% p.a. |
Wildlife Saver
| balance | interest rate |
| $0 plus (base interest) | 0.00% p.a. |
| $0 – $3,000 (bonus interest) | 1.70% p.a.1 |
| $3,000 – $25,000 (bonus interest) | 0.50% p.a.1 |
Saver
| balance | interest rate |
| $0 – $9,999 | 0.05% p.a. |
| $10,000 – $29,999 | 0.05% p.a. |
| $30,000 – $49,999 | 0.25% p.a. |
| $50,000 – $79,999 | 0.25% p.a. |
| $80,000 – $99,999 | 0.50% p.a. |
| $100,000 + | 0.05% p.a. |
Bonus Saver2
| balance | interest rate |
| $0 plus (base interest) | 0.00% p.a. |
| Bonus interest on the part of the balance from $0 to $9,999 | 0.40% p.a.3 |
| Bonus interest on the part of the balance from $10,000 to $29,999 | 0.50% p.a3. |
| Bonus interest on the part of the balance from $30,000 to $49,999 | 0.75% p.a.3 |
| Bonus interest on the part of the balance from $50,000 to $79,999 | 0.80% p.a.3 |
| Bonus interest on the part of the balance from $80,000 to $99,999 | 1.20% p.a.3 |
Christmas promise
| Balance | Interest Rate |
| $0 – $29,999 | 0.65% p.a. |
| $30,000 + | 0.00% p.a. |
Cash Management
| balance | interest rate |
| $0 – $4,999 | 0.00% p.a. |
| $5,000 – $9,999 | 0.00% p.a. |
| $10,000 – $19,999 | 0.01% p.a. |
| $20,000 – $49,999 | 0.15% p.a. |
| $50,000 – $99,999 | 0.20% p.a. |
| $100,000 + | 0.25% p.a. |
term deposit
| Term | Interest Annually ($1,000+) | Interest Monthly ($1,000+) |
| 1 month | 0.10% p.a. | N/A |
| 2 month | 0.25% p.a. | N/A |
| 3 month | 0.25% p.a. | N/A |
| 4 month | 0.25% p.a. | N/A |
| 5 month | 0.25% p.a. | N/A |
| 6 month | 0.25% p.a. | N/A |
| 7 month | 0.25% p.a. | N/A |
| 8 month | 0.25% p.a. | N/A |
| 9 month | 0.55% p.a. | N/A |
| 10 month | 0.25% p.a. | N/A |
| 11 month | 0.60% p.a. | N/A |
| 12 month | 0.25% p.a. | 0.50% p.a. |
| For longer term periods, please contact us directly on 13 22 49. |
business variable rate loans |
Rate |
| Business Reference Rate (Residentially Secured Loans) | 5.40%p.a. |
| Commercial Reference Rate (Commercially Secured Loans) | 5.85%p.a. |
| Business Term Loan Unsecured Variable | 11.70%p.a. |
| Business Term Loan Residentially Secured (P&I) Variable | 5.40%p.a. |
| Business Term Loan Residentially Secured (IO) Variable | 5.40%p.a. |
| Business Term Loan Commercially Secured (P&I) Variable | 5.85%p.a. |
| Business Term Loan Commercially Secured (IO) Variable | 5.85%p.a. |
| Business Term Loan Commercial Property Secured (P&I) Variable | on application |
business fixed rate loans7 |
Rate |
| Business Term Loan Residentially Secured (P&I) 1 Year Fixed | 4.95%p.a. |
| Business Term Loan Residentially Secured (P&I) 2 Year Fixed | 5.20%p.a. |
| Business Term Loan Residentially Secured (P&I) 3 Year Fixed | 5.30%p.a. |
| Business Term Loan Residentially Secured (P&I) 5 Year Fixed | 5.45%p.a. |
| Business Term Loan Residentially Secured (IO) 1 Year Fixed | 4.95%p.a. |
| Business Term Loan Residentially Secured (IO) 2 Year Fixed | 5.20%p.a. |
| Business Term Loan Residentially Secured (IO) 3 Year Fixed | 5.30%p.a. |
| Business Term Loan Residentially Secured (IO) 5 Year Fixed | 5.45%p.a. |
| Business Term Loan Commercially Secured (P&I) 1 Year Fixed | 5.10%p.a. |
| Business Term Loan Commercially Secured (P&I) 2 Year Fixed | 5.20%p.a. |
| Business Term Loan Commercially Secured (P&I) 3 Year Fixed | 5.40%p.a. |
| Business Term Loan Commercially Secured (P&I) 5 Year Fixed | 5.95%p.a. |
| Business Term Loan Commercially Secured (IO) 1 Year Fixed | 5.10%p.a. |
| Business Term Loan Commercially Secured (IO) 2 Year Fixed | 5.20%p.a. |
| Business Term Loan Commercially Secured (IO) 3 Year Fixed | 5.40%p.a. |
| Business Term Loan Commercially Secured (IO) 5 Year Fixed | 5.95%p.a. |
| Business Term Loan Commercial Property Secured (P&I) 1 Year Fixed | on application |
| Business Term Loan Commercial Property Secured (P&I) 2 Year Fixed | on application |
| Business Term Loan Commercial Property Secured (P&I) 3 Year Fixed | on application |
| Business Term Loan Commercial Property Secured (IO) 1 Year Fixed | on application |
| Business Term Loan Commercial Property Secured (IO) 2 Year Fixed | on application |
| Business Term Loan Commercial Property Secured (IO) 3 Year Fixed | on application |
business overdraft rates |
Variable Rate |
| Unsecured Overdraft | 12.40%p.a. |
| Residentially Secured Overdraft | 7.40%p.a. |
| Commercially Secured Overdraft | 8.15%p.a. |
| 7 For new business only. Eligibility criteria, terms & conditions, fees & charges apply and are available on request. |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
term deposit
| Term | Interest Annually ($5000+) | Interest Monthly ($5000+) |
| 1 month | 0.05% p.a. | N/A |
| 2 month | 0.20% p.a. | N/A |
| 3 month | 0.20% p.a. | N/A |
| 4 month | 0.20% p.a. | N/A |
| 5 month | 0.20% p.a. | N/A |
| 6 month | 0.20% p.a. | N/A |
| 7 month | 0.20% p.a. | N/A |
| 8 month | 0.20% p.a. | N/A |
| 9 month | 0.35% p.a. | N/A |
| 10 month | 0.20% p.a. | N/A |
| 11 month | 0.40% p.a. | N/A |
| 12 month | 0.20% p.a. | 0.30% p.a. |
| For longer term periods, please contact us directly on 13 22 49. |
Grandfathered Savings Accounts (No longer available after 1 December 2015
| Home loan access saver |
balance | interest rate |
| $0 + | 0.00%p.a. |
| home loan lifestyle saver | balance | interest rate |
| $0 – $1,999 | 0.00%p.a. | |
| $2,000 – $49,000 | 0.05%p.a. | |
| $50,000 + | 0.05%p.a. |
| all-in-one | balance | interest rate |
| $0 – $499 | 0.00%p.a. | |
| $500 – $19,999 | 0.00%p.a. | |
| $20,000- $49,999 | 0.00%p.a. | |
| $50, 000 – $99,999 | 0.00%p.a. | |
| $100, 000+ | 0.00%p.a. |
Grandfathered Home Loans (No longer available after 1 December 2015)
| Variable Rate | Comparison Rate | |
| All In One Home Loan | 5.08%p.a. | N/A |
| All In One Home Loan Invest | 5.38%p.a. | N/A |
| Basic Variable | 4.38%p.a. | 4.52%p.a.1 |
| Basic Variable Invest | 4.78%p.a. | 4.92%p.a.1 |
| Small Business Loan (Unsecured) | 8.50%p.a. | N/A |
| Small Business Loan (Secured) | 6.80%p.a. | N/A |
| The Works Variable P&I | 2.85% p.a. | 3.01% p.a. |
| Variable Interest Only (1 year) | 2.50% p.a. | 3.01% p.a. |
| The Works INV P&I | 3.30% p.a. | 3.61% p.a. |
| The Works Variable IO INV | 3.60% p.a. | 3.90% p.a. |
| The Works INV 3 year Fixed P&I | 3.39% p.a. | 3.92% p.a |
| The Works INV 3 year Fixed IO | 3.39% p.a. | 3.92% p.a. |
| The Works OO 1 year fixed P&I | 2.79% p.a. | 3.24% p.a. |
| The Works 1 year fixed IO | 2.79% p.a. | 3.24% p.a. |
| The Works 2 year fixed P&I | 2.89% p.a. | 3.25% p.a. |
| The Works 3 year fixed P&I | 2.89% p.a. | 3.24% p.a. |
| 1 comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. |
| 2 Fixed rate reverts to our Variable rate or Variable Invest rate as applicable after the fixed period. |
| 3 Fixed rate reverts to our Variable Lite or Variable Invest Lite rate as applicable after the fixed period. |
| Grandfathered Fees & Transactions |
| 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure for current details on fees and charges applicable to our Loans. Interest on all loans is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. |
Illawarra Credit Union Credit Fees and Charges
Download the brochure below to find out more about our credit fees and charges.
Credit Fees and Charges brochureIllawarra Credit Union Fees Charges and Transactions Limits
Download the brochure below to find out more about our fees, charges and transaction limits.
Fees, Charges and Transaction Limits brochureIllawarra Credit Union is the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees, Charges and Transaction Limits brochure for current details.
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