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There’ll be some tax rate changes from 1 April 2010 that may affect you.
The rates of resident withholding tax (RWT) deducted from interest earned on your savings and term deposits are changing from 1 April 2010.
- The current 19.5% RWT rate will change to 21% and we’ll need to move all members on 19.5% to the new rate on 1 April 2010.
- A new rate of 12.5% will be available for individuals who have a reasonable expectation that their total income from all sources will be $14,000 or less.
We suggest you
1. Check your RWT rate
2. Contact us if your RWT rate needs changing |
Deposit Rates
The following interest rates are subject to change without notice.
Freedom Saver - S1 and Goal Saver - S2
| Up to |
$100 |
0.00%pa |
| over |
$100 |
0.50%pa |
| over |
$1000 |
1.00%pa |
| over |
$2000 |
1.50%pa |
Christmas Club - S3
Target Saver - S4
| Up to |
$1000 |
1.50%pa |
| over |
$1000 |
2.00%pa |
| over |
$2000 |
3.00%pa |
| over |
$3000 |
3.50%pa |
| over |
$4000 |
4.00%pa |
Achiever Saver - S5
Junior Saver - S7
Teen Saver - S8
Education Saver - S9
| Up to |
$1000 |
0.50%pa |
| over |
$1000 |
1.00%pa |
| over |
$2000 |
1.50%pa |
| over |
$3000 |
2.00%pa |
| over |
$4000 |
3.00%pa |
Term Deposits
Minimum deposit $500.00 - Maximum total deposit $250,000.00
These rates are effective from 10 March 2010
| 3 & 4 months |
4.80%pa |
| 5 & 6 months |
5.00%pa |
| 7 & 8 months |
5.00%pa |
| 9 months |
5.10%pa |
| 12 months |
5.30%pa |
| 18 months |
5.50%pa |
| 24 months |
5.65%pa |
Interest rates are subject to change without notice. Investment Statement Available - Independent Trustee "Perpetual Trust".
Lending Rates
The following interest rates are subject to change without notice.
These rates are effective from 18 February 2010
| Loans secured over GSF / PSS |
9.75%pa |
| Loans secured by GSF, PSS, frozen funds over 80% secured. |
10.75%pa |
Loans secured by GSF, PSS from 50% to 80% secured
up to a maximum of $10,000 |
11.75%pa |
Loans secured by GSF, PSS up to 50% secured
up to a maximum of $10,000 |
13.00%pa |
| Unsecured up to a maximum of $5,000 |
16.50%pa |
| Blue Credit Secured only |
12.50% |
Mortgage Rates
The following interest rates are subject to change without notice.
These rates are effective from 23 December 2009
| Flexible rate |
5.79%pa |
| Fixed - 1 year fixed rate |
6.20%pa |
| Fixed - 2 year fixed rate |
7.20%pa |
Interest rates are subject to change without notice. Investment Statement Available - Independent Trustee "Perpetual Trust". Loans are subject to our normal lending criteria.
The Police and Families Credit Union is not a registered bank.