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Rates & Fees

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.

Rates


transaction accounts.

savings accounts.

term deposits.

home loans.

personal loans.

Business.

Business Term deposit.

Fees.

transaction accounts

product name balance interest rate
everyday student $0+ 0.00% p.a.

 

product name balance interest rate
everyday $0+ 0.00% p.a.

 

product name balance interest rate 
everyday plus $0  – $9,999 0.05% p.a.
$10,000 – $49,999  0.55% p.a.
$50,000 – $99,999 0.90% p.a.
$100, 000+ 1.50%p.a.

 

product name balance  interest rate
everyday business $0 – $4,999 0.00% p.a.
$5,000 – $49,999 0.05% p.a.
$50,000 + 0.05% p.a.

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savings accounts

product name balance interest rate
wildlife saver $0 plus (base interest) 0.05% p.a.
$0 – $3,000 (bonus interest) 2.20% p.a.1
$3,000 – $25,000 (bonus interest) 1.00% p.a.1

 

product name balance  interest rate
saver $0 – $9,999  0.05%p.a.
$10,000 – $19,999 0.75%p.a.
$20,000 – $ 100,000  1.50%p.a.
$100,000+  0.05%p.a.

 

product name balance interest rate
bonus saver2 $0 plus (base interest) 0.00% p.a.
$0 – $49,999 (bonus int) 1.85% p.a.3
$50,000 – $100,000 (bonus int) 2.20% p.a.

 

product name balance interest rate
cash management  $0 – $4,999 0.00% p.a.
$5,000 – $9,999 0.00% p.a.
$10,000 – $19,999 0.10% p.a.
$20,000 – $49,999 0.45% p.a.
$50,000 – $99,999 0.75% p.a.
$100,000 + 1.00% p.a.

grandfathered products (No longer available after 1 December 2015)

product name balance interest rate
christmas promise $0 – $1,999 0.10%p.a.
$2,000 + 1.00%p.a.
 
home loan access saver $0 + 0.00%p.a.
home loan lifestyle saver $0 – $1,999 0.00%p.a.
$2,000 – $49,000 0.05%p.a.
$50,000 + 0.05%p.a.
all-in-one $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.

 

1 Earn bonus interest when you deposit $10 per month and no withdrawals in the same month. All portion of funds above $25,000 will be paid the base interest. Bonus interest will not apply in the month the account is closed. Interest is calculated daily on closing credit tier balance and credited at month end.
2Bonus saver is limited to 1 per customer.
3 Earn Bonus Interest when you make deposits of $100 or greater per month and no withdrawals are made in the calendar month. All portions of funds above $100,000 will be paid the base interest. Bonus interest will not apply in the month the account is closed. Interest is calculated daily on closing credit tier balance and credited at month end.

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term deposit

Interest on Maturity
$1,000 – $24,999 $25,000- $49,999 $50,000 +
1 month 1.35% p.a. 1.35% p.a. 1.35% p.a.
2 months 1.35% p.a. 1.35% p.a. 1.35% p.a.
3 months 1.75% p.a. 1.75% p.a. 1.75% p.a.
4 months 1.45% p.a. 1.45% p.a. 1.45% p.a.
5 months 1.45% p.a. 1.45% p.a. 1.45% p.a.
6 months 1.45% p.a. 1.45% p.a. 1.45% p.a.
7 months 1.40% p.a.  1.40% p.a.  1.40% p.a.
8 months  1.40% p.a.  1.40% p.a.  1.40% p.a.
9 months  1.40% p.a.  1.40% p.a.  1.40% p.a.
10 months  1.40% p.a.  1.40% p.a.  1.40% p.a.
11 months  1.40% p.a. 1.40% p.a.  1.40% p.a.
12 months  1.55% p.a. 1.55% p.a. 1.55% p.a.
Monthly Interest
$1,000 – $24,999 $25,000 – $49,999 $50,000+
12 months 1.50% p.a. 1.50% p.a. 1.50% p.a.
For longer term periods, please contact us directly on 13 22 49.

Privilege Plus Club members receive an extra 0.10% (on balances less than $100K) on Interest on Maturity TDs.

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owner occupied home loans

variable home loan

rate comparison rate
Variable Principal & Interest 3.89% p.a 3.94% p.a1
Variable Interest Only 4.25% p.a. 4.30% p.a. 1

variable lite home loan

rate comparison rate
Variable Lite Principal & Interest 4.79% p.a. 4.84% p.a.1
Variable Lite Interest Only 5.15% p.a. 5.20% p.a.1

2 year introductory variable home loan

rate comparison rate
2 Year Introductory Variable 3.85% p.a. 4.72% p.a.1
2 Year Introductory Variable Reference Rate 4.85% p.a. 4.90% p.a.1

bare essentials 

rate comparison rate
Bare Essentials Variable Principal & Interest 4.49% p.a. 4.54% p.a.1

variable reference rates

rate comparison rate
Standard Variable Principal & Interest 4.79% p.a. 4.84% p.a.1
Standard Variable Interest Only 5.15% p.a. 5.20% p.a.1

fixed home loan 

Fixed Home Loan Principal & Interest rate comparison rate
1 Year Fixed Principal & Interest 3.30% p.a.2 3.89 % p.a.1
2 Year Fixed Principal & Interest 3.30% p.a.2 3.84% p.a.1
3 Year Fixed Principal & Interest 3.25% p.a.2 3.78% p.a.1
5 Year Fixed Principal & Interest 3.80% p.a.2 3.97% p.a.1

 

Fixed Home Loan Interest Only rate comparison rate
1 Year Fixed Interest Only 3.95% p.a.2 3.95% p.a.1
2 Year Fixed Interest Only 3.99% p.a.2 3.96% p.a.1
3 Year Fixed Interest Only 3.90% p.a.2 3.94% p.a.1
5 Year Fixed Interest Only 4.09% p.a. 2 4.58% p.a.1

fixed lite home loan 

Fixed Lite Home loan Principal & Interest rate comparison rate
1 Year Fixed Lite Principal & Interest 3.80% p.a.3 4.75% p.a.1
2 Year Fixed Lite Principal & Interest 3.90% p.a.3 4.68% p.a.1
3 Year Fixed Lite Principal & Interest 4.00% p.a.3 4.63% p.a.1
5 Year Fixed Lite Principal & Interest 4.74% p.a.3 5.00% p.a.1

 

Fixed Lite Home Loan Interest Only rate comparison rate
1 Year Fixed Lite Home Loan Interest Only 4.50% p.a.3 4.81% p.a.1
2 Year Fixed Lite Home Loan Interest Only 4.55% p.a.3 4.80% p.a.1
3 Year Fixed Lite Home Loan Interest Only 4.80% p.a.3 5.07% p.a.1
5 Year Fixed Lite Home Loan Interest Only 5.14% p.a.3 5.17% p.a.1

 

The Works Interest rate Comparison rate*
Variable Principal & Interest 3.19% p.a. 3.50% p.a.
Variable Interest Only (1 year) 3.65% p.a. 3.95% p.a.
The Works Principal & Interest Reference Rate 3.84% p.a. 4.14% p.a.
The Works Interest Only Reference Rate 4.30% p.a. 4.59% p.a.

The Works Fixed Rate Home Loan

Fixed Term Interest rate Comparison rate*
The Works 1 year fixed (P&I) 2.79% p.a. 3.46% p.a.
The Works 1 year fixed (IO) 2.79% p.a. 3.46% p.a.
The Works 2 year fixed (P&I) 2.89% p.a. 3.45% p.a.
The Works 3 year fixed (P&I) 2.89% p.a. 3.42% p.a.

investment home loans

variable investment home loan

rate comparison rate
Variable Investment Home Loan Principal & Interest 4.55% p.a. 4.60% p.a.1
Variable Investment Home Loan Interest Only 4.65% p.a. 4.70% p.a.1

variable lite investment home loan

rate comparison rate
Variable Lite Investment Principal & Interest 5.30% p.a. 5.44% p.a.1
Variable Lite Investment Interest Only 5.40% p.a. 5.54% p.a.1

standard variable investment

rate comparison rate
Standard Variable Investment 5.30% p.a. 5.44% p.a.1
Standard Variable Investment Interest Only 5.40% p.a. 5.54% p.a.1

fixed investment home loan

rate comparison rate
1 year Fixed Investment Principal & Interest 3.75% p.a.2 4.52% p.a.1
2 year Fixed Investment Principal & Interest 3.80% p.a.2 4.46% p.a.1
3 year Fixed Investment Principal & Interest 3.75% p.a.2 4.39% p.a.1
5 year Fixed Investment Principal & Interest 4.18% p.a.2 4.98% p.a.1

 

Fixed Investment  Interest Only rate comparison rate
1 Year Fixed Investment Interest Only 3.99% p.a.2 4.55% p.a.1
2 Year Fixed Investment Interest Only 3.85% p.a.2 4.47% p.a.1
3 Year Fixed Investment Interest Only 3.78% p.a.2 4.40% p.a.1
5 Year Fixed Investment Interest Only 3.99% p.a.2 4.98% p.a.1

fixed lite investment principal & interest

rate comparison rate
1 Year Fixed Lite Investment Principal & Interest 4.20% p.a.3 5.33% p.a.1
2 Year Fixed Lite Investment Principal & Interest 4.30% p.a.3 5.25% p.a.1
3 Year Fixed Lite Investment Principal & Interest 4.30% p.a.3 5.28% p.a.1
5 Year Fixed Lite Investment Principal & Interest 5.24% p.a.3 5.50% p.a.1

 

Fixed Investment Lite Interest Only rate comparison rate
1 Year Fixed Lite Investment Interest Only 4.60% p.a.3 5.37% p.a.1
2 Year Fixed Lite Investment Interest Only 4.65% p.a.3 5.32% p.a.1
3 Year Fixed Lite Investment Interest Only 4.70% p.a.3 5.39% p.a.1
5 Year Fixed Lite Investment Interest Only 5.24% p.a.3 5.50% p.a.1

the works investment 

rate comparison rate*
Variable Principal & Interest 3.95% p.a. 4.25% p.a.
Variable Interest Only (1 year) 4.20% p.a. 4.49% p.a.
Variable Interest Only (2 year) 4.20% p.a. 4.49% p.a.
Variable Interest Only (3 year) 4.20% p.a. 4.49% p.a.
Variable Interest Only (4 year)
 4.20% p.a. 4.49% p.a.
Variable Interest Only (5 year)
 4.20% p.a. 4.49% p.a.
The Works Investment Principal & Interest Reference Rate 4.60% p.a. 4.85% p.a.
The Works Investment Interest only Reference Rate 4.85% p.a. 5.14% p.a.

 

 

 

The Works Fixed Rate Investment Home loan

Interest Rate Comparison Rate*
The Works Fixed Investment 3 year P&I 3.39% p.a. 4.10% p.a.
The Works Fixed Investment 3 year IO 3.39% p.a. 4.10% p.a.

Grandfathered Products (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

 

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.
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.

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Personal Loan Rates

Rate Comparison Rate
Fixed Personal Loans
Secured Fixed Personal Loan (new asset) 5.60%p.a. 6.18%p.a.4
Secured Fixed Personal Loan (used asset) 5.64%p.a. 7.77%p.a.4
Unsecured Fixed Personal Loan 9.75%p.a. 11.19%p.a.5
Secured Variable Personal Loan6 6.25% p.a. 6.89% p.a.4

Overdraft Rates

product 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.

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Business Loans

Rate Comparison Rate
Variable Rate Loans 7
Business Reference Rate (Residentially Secured Loans) 5.40%p.a. N/A
Commercial Reference Rate (Commercially Secured Loans) 5.85%p.a. N/A
Business Term Loan Unsecured Variable 11.70%p.a. N/A
Business Term Loan Residentially Secured (P&I) Variable 5.40%p.a. N/A
Business Term Loan Residentially Secured (IO) Variable 5.40%p.a. N/A
Business Term Loan Commercially Secured (P&I) Variable 5.85%p.a. N/A
Business Term Loan Commercially Secured (IO) Variable 5.85%p.a. N/A
Business Term Loan Commercial Property Secured (P&I) Variable on application N/A

 

Rate Comparison Rate
Fixed Rate Loans 7
Business Term Loan Residentially Secured (P&I) 1 Year Fixed 4.95%p.a. N/A
Business Term Loan Residentially Secured (P&I) 2 Year Fixed 5.20%p.a. N/A
Business Term Loan Residentially Secured (P&I) 3 Year Fixed 5.30%p.a. N/A
Business Term Loan Residentially Secured (P&I) 5 Year Fixed 5.45%p.a. N/A
Business Term Loan Residentially Secured (IO) 1 Year Fixed 4.95%p.a. N/A
Business Term Loan Residentially Secured (IO) 2 Year Fixed 5.20%p.a. N/A
Business Term Loan Residentially Secured (IO) 3 Year Fixed 5.30%p.a. N/A
Business Term Loan Residentially Secured (IO) 5 Year Fixed 5.45%p.a. N/A
Business Term Loan Commercially Secured (P&I) 1 Year Fixed 5.10%p.a. N/A
Business Term Loan Commercially Secured (P&I) 2 Year Fixed 5.20%p.a. N/A
Business Term Loan Commercially Secured (P&I) 3 Year Fixed 5.40%p.a. N/A
Business Term Loan Commercially Secured (P&I) 5 Year Fixed 5.95%p.a. N/A
Business Term Loan Commercially Secured (IO) 1 Year Fixed 5.10%p.a. N/A
Business Term Loan Commercially Secured (IO) 2 Year Fixed 5.20%p.a. N/A
Business Term Loan Commercially Secured (IO) 3 Year Fixed 5.40%p.a. N/A
Business Term Loan Commercially Secured (IO) 5 Year Fixed 5.95%p.a. N/A
Business Term Loan Commercial Property Secured (P&I) 1 Year Fixed on application N/A
Business Term Loan Commercial Property Secured (P&I) 2 Year Fixed on application N/A
Business Term Loan Commercial Property Secured (P&I) 3 Year Fixed on application N/A
Business Term Loan Commercial Property Secured (IO) 1 Year Fixed on application N/A
Business Term Loan Commercial Property Secured (IO) 2 Year Fixed on application N/A
Business Term Loan Commercial Property Secured (IO) 3 Year Fixed on application N/A

Business Overdraft Rates

variable rate comparison rate 
unsecured Overdraft 12.40%p.a. N/A
Residentially Secured Overdraft 7.40%p.a. N/A
Commercially Secured Overdraft 8.15%p.a. N/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.

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important notes

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 brochure

Illawarra 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 brochure

Illawarra 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.

business term deposit

Interest on Maturity
$1,000 – $24,999 $25,000- $49,999 $50,000 +
1 month 1.35% p.a. 1.35% p.a. 1.35% p.a.
2 months 1.35% p.a. 1.35% p.a. 1.35% p.a.
3 months 1.75% p.a. 1.75% p.a. 1.75% p.a.
4 months 1.45% p.a. 1.45% p.a. 1.45% p.a.
5 months 1.45% p.a. 1.45% p.a. 1.45% p.a.
6 months 1.45% p.a. 1.45% p.a. 1.45% p.a.
7 months 1.40% p.a.  1.40% p.a.  1.40% p.a.
8 months  1.40% p.a.  1.40% p.a.  1.40% p.a.
9 months  1.40% p.a.  1.40% p.a.  1.40% p.a.
10 months  1.40% p.a.  1.40% p.a.  1.40% p.a.
11 months  1.40% p.a. 1.40% p.a.  1.40% p.a.
12 months  1.55% p.a. 1.55% p.a. 1.55% p.a.
Monthly Interest
$1,000 – $24,999 $25,000 – $49,999 $50,000+
12 months 1.50% p.a. 1.50% p.a. 1.50% p.a.
For longer term periods, please contact us directly on 13 22 49.

Privilege Plus Club members receive an extra 0.10% (on balances less than $100K) on Interest on Maturity TDs.

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get in touch

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up to $500k off your eligible home loan ($150K+)!

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