Rates - Illawarra Credit Union

Fixed Loans

The Works Package Fixed	principal & interest		interest only
The Works Package Fixed	interest rate	comparison rate	interest rate	comparison rate
1 year	2.99% p.a.²	3.28% p.a.¹	3.79% p.a.²	3.35% p.a.¹
2 years	3.49% p.a.²	3.38% p.a.¹	N/A	N/A
3 years	4.04% p.a.²	3.58% p.a.¹	N/A	N/A

Bare Essentials Fixed	principal & interest		interest only
Bare Essentials Fixed	interest rate	comparison rate	interest rate	comparison rate
1 year	3.09% p.a.²	2.95% p.a.¹	3.89% p.a.²	3.02% p.a.¹
2 years	3.59% p.a.²	3.06% p.a.¹	N/A	N/A
3 years	4.14% p.a.²	3.26% p.a.¹	N/A	N/A

Standard Fixed Home Loan	principal & interest		interest only
Standard Fixed Home Loan	interest rate	comparison rate	interest rate	comparison rate
1 year	3.19% p.a.²	3.92 % p.a.¹	3.99% p.a.²	3.99% p.a.¹
2 year	3.69% p.a.²	3.94% p.a.¹	4.10% p.a.²	4.02% p.a.¹
3 year	4.24% p.a.²	4.07% p.a.¹	4.15% p.a.²	4.05% p.a.¹

Standard Salary Package Fixed Home Loan	principal & interest		interest only
Standard Salary Package Fixed Home Loan	interest rate	comparison rate	interest rate	comparison rate
2 year (P&I)	3.59% p.a.²	3.11% p.a.¹	N/A	N/A
3 year (P&I)	4.14% p.a.²	3.31% 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.

Variable Loans

The Works Package	principal & interest		interest only
The Works Package	interest rate	comparison rate	interest rate	comparison rate
The works package	2.75% p.a.	3.26% p.a.¹	2.75% p.a.	3.26% p.a.¹

bare essentials	principal & interest		interest only
bare essentials	interest rate	comparison rate	interest rate	comparison rate
Bare Essentials	2.84% p.a.	2.93% p.a.¹	4.10% p.a.	4.19% p.a.¹

Bare Essentials

>$150K – <$800K

principal & interest

interest only

interest rate

comparison rate

interest rate

comparison rate

First home loan offer

2.70% p.a.

2.79% p.a.¹

N/A

Standard Home Loan	principal & interest		interest only
Standard Home Loan	interest rate	comparison rate	interest rate	comparison rate
Standard Home Loan	3.89% p.a.	3.98% p.a¹	4.25% p.a.	4.34% p.a.¹

the standard salary packaging owner occupied variable	principal & interest		interest only
the standard salary packaging owner occupied variable	interest rate	comparison rate	interest rate	comparison rate
Variable (P&I)	2.90% p.a.	2.99% p.a.¹	N/A	N/A

reference rates	principal & interest		interest only
reference rates	interest rate	comparison rate	interest rate	comparison rate
The Works Package	3.84% p.a.	4.32% p.a.¹	4.30% p.a.	4.77% p.a.¹
Standard variable	4.79% p.a.	4.88% p.a.¹	4.90% p.a¹	4.95% p.a¹
2 year Introductory	4.60% p.a.	5.02% p.a.¹	N/A	N/A
Bare essentials	4.49% p.a.	4.58% p.a.¹	4.75% p.a¹	4.84% p.a¹
The Works	3.84% p.a.	4.32% 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.

Fixed Loans

The works package invest fixed	principal & interest		interest only
The works package invest fixed	rate	comparison rate	rate	comparison rate
1 year	3.19% p.a.²	4.00% p.a.¹	3.59% p.a.²	4.04% p.a.¹
2 year	3.89% p.a.²	4.10% p.a.¹	4.09% p.a.²	4.13% p.a.¹
3 year	4.39% p.a.²	4.26% p.a.¹	4.59% p.a.²	4.31% p.a.¹

Bare Essentials invest fixed	principal & interest		interest only
Bare Essentials invest fixed	rate	comparison rate	rate	comparison rate
1 year	3.29% p.a.²	3.52% p.a.¹	3.69% p.a.²	3.55% p.a.¹
2 year	3.89% p.a.²	3.61% p.a.¹	4.19% p.a.²	3.66% p.a.¹
3 year	4.49% p.a.²	3.80% p.a.¹	4.69% p.a.²	3.85% p.a.¹

Standard Fixed Investment	principal & interest		interest only
Standard Fixed Investment	rate	comparison rate	rate	comparison rate
1 year	3.75% p.a.²	4.57% p.a.¹	3.99% p.a.²	4.59% p.a.¹
2 year	4.09% p.a.²	4.56% p.a.¹	4.29% p.a.²	4.59% p.a.¹
3 year	4.59% p.a.²	4.65% p.a.¹	4.79% p.a.²	4.71% 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.

Variable Loans

The Works Package Investment	principal & interest		interest only
The Works Package Investment	rate	comparison rate*	rate	comparison rate*
Variable	3.55% p.a.	4.04% p.a.¹	3.55% p.a.	4.04% p.a.¹
The Works Package Investment Reference Rate	4.60% p.a.	N/A	4.85% p.a.	N/A

Bare Essentials Investment	principal & interest		interest only
Bare Essentials Investment	rate	comparison rate*	rate	comparison rate*
Bare Essentials Investment	3.44% p.a.	3.53% p.a.¹	3.64% p.a.	3.73% p.a.¹
Bare Essentials Investment Reference rate	4.89% p.a.	4.98% p.a.¹	5.15% p.a.	5.24% p.a.¹

Standard Variable Investment Home Loan	principal & interest		interest only
Standard Variable Investment Home Loan	rate	comparison rate	rate	comparison rate
Standard Investment home loan	4.55% p.a.	4.64% p.a.¹	4.65% p.a.	4.74% p.a.¹

standard variable investment home loan reference rate	principal & interest		interest only
standard variable investment home loan reference rate	rate	comparison rate	rate	comparison rate
Standard variable investment reference rate	5.30% p.a.	N/A	5.40% 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.

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.

term deposit
term	Interest Annually ($1,000+)	Interest Monthly ($1,000+)
1 month	0.10% p.a.	N/A
2 month	0.40% p.a.	N/A
3 month	0.25% p.a.	N/A
4 month	0.25% p.a.	N/A
5 month	0.50% p.a.	N/A
6 month	0.25% p.a.	N/A
7 month	0.60% p.a.	N/A
8 month	0.25% p.a.	N/A
9 month	0.25% p.a.	N/A
10 month	0.25% p.a.	N/A
11 month	0.25% p.a.	N/A
12 month	0.75% p.a.	0.70% 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.

⁷For 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 ($5,000+)	Interest Monthly ($5,000+)
1 month	0.05% p.a.	N/A
2 month	0.30% p.a.	N/A
3 month	0.20% p.a.	N/A
4 month	0.20% p.a.	N/A
5 month	0.40% p.a.	N/A
6 month	0.20% p.a.	N/A
7 month	0.50% p.a.	N/A
8 month	0.20% p.a.	N/A
9 month	0.20% p.a.	N/A
10 month	0.20% p.a.	N/A
11 month	0.20% p.a.	N/A
12 month	0.60% 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.	3.26% p.a.
Variable Interest Only (1 year)	2.75% p.a.	3.26% 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 and Transaction Limits

Download the brochure below to find out more about our credit fees and charges and transaction limites.

Fees and Charges

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 and Charges for current details.

Interest rates

Fixed Loans

Variable Loans

reference rates

Fixed Loans

Variable Loans

standard variable investment home loan reference rate

Personal loan rates

Overdraft Rates

business variable rate loans

business fixed rate loans7

Grandfathered Savings Accounts (No longer available after 1 December 2015)

Grandfathered Home Loans (No longer available after 1 December 2015)

Illawarra Credit Union Credit Fees and Charges and Transaction Limits

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business fixed rate loans⁷