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pdf Click here to download a pdf of our Deposit Rates (137 KB)

Rates effective from 1 March 2021

My Everyday Account (S1)

$1 - $4,999 0.01% pa ^1
$5,000 - $24,999 0.01% pa
$25,000 - $49,999 0.05% pa
$50,000 and over 0.05% pa

 

 

My Freedom Account (S3)

$1 - $499 0.00% pa

^2

 

$500 - $48,000 0.25% pa
$48,001 and over 0.25% pa

 

 

My Business Account (S2)

$1 - $4,999 0.01% pa ^3
$5,000 - $24,999 0.01% pa
$25,000 - $49,999 0.05% pa
$50,000 and over 0.05% pa

 

Our Community Account (S6)

$1 - $4,999 0.10% pa ^4
$5,000 - $24,999 0.15% pa
$25,000 and over 0.25% pa

 

Christmas Saver Account (S4)

$1 and over 0.15% pa ^5

 

Online Saver Account (S5)

$1 and over 0.25% pa

^6

 

 

Advantage Saver Account (S10)

  Base Bonus Total ^7
$1 and over 0.01% pa 0.24% pa 0.25% pa

 

Cash Manager Account (S15)

$1 - $9,999 0.01% pa

^8

 

$10,000 - $19,999 0.05% pa
$20,000 - $49,999 0.05% pa
$50,000 - $99,999 0.05% pa
$100,000 and over 0.05% pa

 

My Offset Account (S7)

Balance Offset Rate 100%

^9

  

 

Fixed Term Deposit

  $100 - $4,999 $5,000 - $24,999 $25,000 - $49,999 $50,000 - $2m ^10
(I4)  3-5 months 0.25% pa 0.35% pa 0.35% pa 0.35% pa
(I1)  6-8 months 0.25% pa 0.40% pa 0.40% pa 0.40% pa
(I9)  9-10 months 0.25% pa 0.35% pa 0.35% pa 0.35% pa
(I2)  12 months 0.25% pa 0.40% pa 0.40% pa 0.40% pa
(I3)  24 months 0.25% pa 0.45% pa 0.45% pa 0.45% pa

 

Monthly Income Term Deposit

  $3,000 - $4,999 $5,000 - $24,999 $25,000 - $49,999 $50,000 - $2m ^11
(I6) 6 months 0.25% pa 0.30% pa 0.30% pa 0.30% pa
(I7) 12 months 0.25% pa 0.35% pa 0.35% pa 0.35% pa
(I5) 24 Months 0.25% pa 0.30% pa 0.30% pa 0.30% pa

 

^1 My Everyday Account (S1). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. S1 account is only available to personal members.

^2 My Freedom Account (S3). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. Account owners must be aged 55 years or older, and no longer working full-time.

^3 My Business Account (S2). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier.

^4 Our Community Account (S6). Interest is variable, calculated on Minimum Monthly Balance and paid 31st March annually. The portion of balance in each tier earns the rate for that tier. Account owners must be community organisations that have a formal documented structure; incorporated clubs, charitable organisations, sporting clubs, schools, recognised religions, community groups, non-profit organisations – approval is at the discretion of the gmcu.

^5 Christmas Saver Account (S4). Interest is variable and calculated on whole daily balance. Balance disbursed in November, or available using Internet Banking 15 November to 31 December

^6 Online Saver Account (S5). Interest is variable, calculated on whole daily balance and paid monthly. Withdrawals must be made electronically to your nominated gmcu Transaction account.

^7 Advantage Saver Account (S10). Interest is variable, calculated on daily balance and paid monthly. The portion of balance in each tier earns the rate for that tier. Bonus rate is earned in months where you deposit at least $20 and make no withdrawal (including electronic debits).

^8 Cash Manager Account (S15). Interest is variable, calculated on daily balance and paid monthly. The portion of balance in each tier earns the rate for that tier. Minimum opening balance $10,000.

^9 My Offset Account (S7). Special conditions contained in Mortgage Offset Account Conditions of Use.

^10 Fixed Term Deposit. Interest is fixed, and calculated on daily balance. Early withdrawals (if approved) attract a reduced interest rate. 3-12 month terms: Interest paid at maturity. Interest may be added to principal amount to be reinvested or paid to an account. 24 month term: Interest paid annually. First interest amount paid to a gmcu account, second interest payment may be added to principal and reinvested or paid to an account. Minimum deposit $100. Rates for deposits greater than $2 million are available on application.

^11 Monthly Income Term Deposit. Interest is fixed, and calculated on daily balance. Interest is paid by cheque or to a gmcu Transaction Account. Early withdrawals (if approved) attract a reduced interest rate. Minimum deposit $3,000. Rates for deposits greater than $2 million are available on application.

Interest rates are subject to change without notice. Term Deposits will earn the rate applicable on the day of lodgement/rollover.

6 months