Interest Rates
Our current interest rates
INTEREST RATES AND FEES
NOTE: Interest Rates are subject to change without notice
| Personal Loan | Interest Rate | |
|
Normal Lending Criteria Applies **SPECIAL** – (From 2 June 2020) |
7.95% p.a. |
|
| Personal Loans – fully secured by Motor Vehicles* | 9.95% p.a. | |
| Loans – unsecured (maximum $10,000) | 11.95% p.a. | |
|
The minimum loan amount is $1,000 * Motor Vehicle loans are secured and registered on the Personal Property Securities Register (PPSR). A PPSR charge of $23.00 applies. |
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| Personal Loans Fees | ||
| Personal Loan Establishment Fee – loans and top ups | $150 | |
| Personal Property Securities Register (PPSR) charge | $23 | |
| Instant Personal Loans | Interest Rate | |
| Instant Loans – secured by Loan and Savings Provider that has a balance equal to or greater than the loan amount | 9.95% p.a. | |
| Personal Loans Fees | ||
|
Instant Loans – secured by Loan and Savings Provider that has a balance equal to or greater than the loan amount Normal Lending Criteria Applies |
FREE | |
Term Deposit Rates
Interest Rates are subject to change without Notice.
| Term Deposits | Interest Rate |
|---|---|
| 3 months | 0.40% p.a. |
| 4 months | 0.60% p.a. |
| 5 months | 0.65% p.a. |
| 6 months | 1.00% p.a. |
| 9 months | 1.00% p.a. |
| 12 months | 1.00% p.a. |
| 18 months | 1.10% p.a. |
| 24 months | 1.10% p.a. |
- Interest is calculated on a daily basis, and paid at maturity.
- Deposit from $500 to a maximum combined amount of $500,000.
- Under the Friendly Societies and Credit Unions Act 1982 (FSCU Act), we may require, as part of the terms and conditions of the Shares, a 60 day notice period for withdrawal from time to time.
- All applications to redeem during the term due to hardship will be paid in full. The interest rate applying to a Term Deposit Account redeemed during the term will be the Primary Share Accounts interest rate.
Christmas Club |
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| Balance | Interest Rate | |
| $1+ | 1.25% p.a. | |
| Christmas Club Fees | ||
| Monthly Account Fee | FREE | |
| Deposit Fee | FREE | |
| Bank Cheque Fee | FREE | |
| Internet Banking | FREE | |
| Mobile Banking | FREE | |
| Direct Debits Dishonour Fee | $10 | |
| Automatic Payments – Dishonour Fee | FREE | |
| Dormant Account Fee | FREE | |
| Other Fees | Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged. | |
Bill Pay Account |
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| Balance | Interest Rate | |
| $1+ | 0.20% p.a. | |
| Bill Pay Account Fees | ||
| Monthly Account Fee | FREE | |
| Deposit Fee | FREE | |
| Bank Cheque Fee | FREE | |
| Internet Banking | FREE | |
| Mobile Banking | FREE | |
| Direct Debits Dishonour Fee | $10 | |
| Automatic Payments – Dishonour Fee | FREE | |
| Dormant Account Fee | FREE | |
| Other Fees | Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged. | |
Loan Settlement Account |
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| Balance | Interest Rate | |
| $1+ | 0.00% p.a. | |
Special Savings Accounts |
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| Balance | Interest Rate | |
| $1 + | 0.50% p.a. | |
| Special Savings Accounts Fees | ||
| Monthly Account Fee | FREE | |
| Deposit Fee | FREE | |
| Bank Cheque Fee | FREE | |
| Internet Banking | FREE | |
| Mobile Banking | FREE | |
| Direct Debits Dishonour Fee | $10 | |
| Automatics Payments – Dishonour Fee | FREE | |
| Dormant Account Fee | FREE | |
| Other Fees | Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged. | |
Primary Share Accounts |
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| Balance | Interest Rate | |
| $1 + |
0.10% p.a. |
|
| Primary Share Accounts Fees | ||
| Monthly Account Fee | FREE | |
| Deposit Fee | FREE | |
| Bank Cheque Fee | FREE | |
| Internet Banking | FREE | |
| Mobile Banking | FREE | |
| Direct Debits Dishonour Fee | $10 | |
| Automatics Payments – Dishonour Fee | FREE | |
| Dormant Account Fee | FREE | |
| Other Fees | Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged. | |
AccessDebit Mastercard |
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| Balance | Interest Rate | |
| $1 |
0.10% p.a. |
|
| AccessDebit Mastercard Fees | ||
| Monthly Account Fee | FREE | |
| Deposit Fee | FREE | |
| Bank Cheque Fee | FREE | |
| Direct Debits – Establishment Fee | FREE | |
| Automatic Payments – Establishment Fee | FREE | |
| Bill Payee Set Up Fee | FREE | |
| Additional Statement Fee | FREE | |
| Internet Banking | FREE | |
| Mobile Banking | FREE | |
| AccessDebit Mastercard Annual Fee | FREE | |
| AccessDebit Mastercard Replacement Card Fee | FREE | |
| ATM Transaction Fee (NZ) |
$1.50 Some ATMs may also apply a surcharge to withdrawals from their ATMs. This should be drawn to your attention before you proceed with your transaction. This surcharge amount will be added to your withdrawal amount, converted to NZ dollars (if required) and debited to your account with your withdrawal. Some merchants may apply a charge for using Contactless or for Internet transactions. It is a merchant responsibility to notify you of any additional charges at the time of sale. These are usually added to the purpose price. |
|
| ATM Balance Enquiry, EFTPOS Transaction and Declined Transaction | $0.30 per transaction | |
| Overseas ATM Transaction Fee |
$7.00 Some ATMs may also apply a surcharge to withdrawals from their ATMs. This should be drawn to your attention before you proceed with your transaction. This surcharge amount will be added to your withdrawal amount, converted to NZ dollars (if required) and debited to your account with your withdrawal. Some merchants may apply a charge for using Contactless or for Internet transactions. It is a merchant responsibility to notify you of any additional charges at the time of sale. These are usually added to the purpose price. |
|
| Overseas ATM Balance Enquiry, EFTPOS Transaction and Declined Transaction | $0.80 per transaction | |
| Foreign Currency Fee | 2.25% of the $NZ transaction charge | |
| Direct Debits Dishonour Fee | $10 | |
| Automatic Payments – Dishonour Fee | FREE | |
| Dormant Account Fee | FREE | |
| Other Fees |
AccessDebit Mastercard voucher search charges may be charged. Courier charges for replacement card(s), e.g. AccessDebit Mastercard courier fee (domestic only). Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged. Government Duties, Taxes and Merchant Fees may be charged. |
|
Loan and Savings Provider |
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| Balance | Interest Rate | |
| $1+ | 0.20% p.a. | |
| Loan and Savings Provider Fees | ||
| Monthly Account Fee | FREE | |
| Deposit Fee | FREE | |
| Bank Cheque Fee | FREE | |
| Internet Banking | FREE | |
| Mobile Banking | FREE | |
| Direct Debits Dishonour Fee | $10 | |
| Automatic Payments – Dishonour Fee | FREE | |
| Dormant Account Fee | FREE | |
| Other Fees | Fees charged by other banks, e.g. telegraphic transfer fee, dishonour fee, special answer fee and/or cash deposit fees may be on charged. | |
Our Overdraft Interest Rates and Fees
| Type | Minimum Amount | Maximum Amount | Facility Term |
| Overdraft Facility | $100 | $1,000 | On Demand |
| Type | Authorised Overdraft Interest Rate | Unauthorised Overdraft Interest Rate | Establishment Fee |
| Overdraft Facility | 13.95 p.a. | 18.95 p.a. | $50 |
Interest Rates are subject to change
| Home Loans | Interest Rate | |
| Floating Rate | 6.50% p.a. | |
| Home Loans Fees | ||
| Home Loans Establishment Fee | $250 | |
| Home Loans Facility Agreement – Top Up | $250 | |
| Home Loan Restructure | $50 | |
| Default Interest Rate | Shall be the Annual Interest Rate for the Home Loan, as varied from time to time, plus 5.00% pa | |
| Default Fee | $5 | |
Normal Lending Criteria Applies
Bad Debt Collection Fees
All charges/costs as claimed by Collection Agency to be included in the debt being collected.
Other Charges
Where NZFCU incurs a charge from another organisation when acting on a member’s behalf including credit checks, legal costs and disbursements or costs associated with the registration of securities, New Zealand Firefighters Credit Union will pass these costs on to the member. Due to the nature of these charges the exact cost will not be known until the time of application.
If you would like further information about these possible charges please contact us on 0508 613 328.
For loans, New Zealand Firefighters Credit Union terms and conditions and normal lending criteria apply.
All variable rates, fees and returns are subject to change without notice.
The current Product Disclosure Statement, other disclosure statements and rates and fees are available on the Offer Register at www.business.govt.nz/disclose, on www.firefighters.co.nz, or on request from New Zealand Firefighters Credit Union.
New Zealand Firefighters Credit Union is proud to be a credit union and not a registered bank.