Interest rates

- Date of issue 1 February 2012

An explanation of comparison interest rates

Prime Access Account

Account Portion	Rate
$0 - $4,999	0.01%p.a.
$5,000 - $9,999	0.01%p.a.
$10,000 - $19,999	0.01%p.a.
$20,000 - $49,999	0.20%p.a.
$50,000 and over	0.50%p.a.

Freedom Plus Account

_{_Conditions: Funds are available on call. Interest is calculated on daily balances and paid half-yearly.}

	Rate
All balances	0.50%p.a.

Platinum Plus Account

_{Conditions: Funds are available on call. Interest is calculated daily on whole balances and paid half-yearly.}

Account Portion	Rate
$0 - $4,999	0.50%p.a.
$5,000 - $24,999	1.30%p.a.
$25,000 and over	2.90%p.a.

Interest rates are on a per annum basis and are subject to change. Full details of terms and conditions are available on application. A General Information, Terms & Conditions brochure and Schedule of Fees are available from a CUA branch. You should read both these documents before deciding whether to purchase these products.

Term Deposits

_{Conditions: Interest is calculated daily on whole balances. Monthly interest available at a rate 0.15% below the following rates. Retirees and Platinum Plus Club members are, however, eligible for monthly interest on 1, 2 or 3 year deposits at the below rate. Platinum Plus Club members are eligible for an additional 0.15% on 1, 2 and 3 year deposits.}

Term	$1,000 - $9,999	$10,000 & over	Interest Payment
1 Month	2.40%p.a.	3.40%p.a.	On maturity
2 Months	2.65%p.a.	3.65%p.a.	On maturity
3 Months	4.60%p.a.	5.60%p.a.	On maturity
4 Months	4.50%p.a.	5.50%p.a.	On maturity
5 Months	4.65%p.a.	5.65%p.a.	On maturity
6 Months	4.85%p.a.	5.65%p.a.	On maturity
7-11 Months	4.40%p.a.	5.20%p.a.	On maturity
1 Year	4.45%p.a.	5.25%p.a.	On maturity
2 Years	4.60%p.a.	5.40%p.a.	Annually
3 Years	4.80%p.a.	5.60%p.a.	Annually

eSaver Account

_{Conditions: Interest is calculated daily on whole balances and paid monthly.}

	Rate
All balances	4.65%p.a.

Cash Management Account

_{Conditions: Interest is calculated daily on whole balances and paid monthly.}

Account Portion	Rate
$0 - $4,999	0.25%p.a.
$5,000 - $49,999	3.05%p.a.
$50,000 - $99,999	3.25%p.a.
$100,000 - $249,999	4.05%p.a.
$250,000 & over	4.30%p.a.

Special Purpose Account

_{Conditions: Funds are available on call. Interest is calculated daily on whole balances and paid half-yearly.}

Account Portion	Rate
$0 - $4,999	0.01%p.a.
$5,000 - $9,999	0.01%p.a.
$10,000 - $19,999	0.01%p.a.
$20,000 - $49,999	0.20%p.a.
$50,000 and over	0.50%p.a.

Pensioner Deeming Account

_{Conditions: Funds are available on call. Interest is calculated on daily balances and paid half-yearly. Rate applies on a stepped basis. Interest paid at 3% pa on balances up to $44,600, then at 4.50% pa on that portion of the balance over $44,600.}

Account Portion	Rate
$0 - $44,600	3.00%p.a.
Over $44,600	4.50%p.a.

Bonus Saver Account

Includes 1.50%p.a. bonus

_{Conditions: Bonus interest is paid if no debit transactions are made on the account during a calendar month and a deposit of at least $50.00 is made to the account during the same calendar month. Interest is calculated daily on whole balances and paid monthly.}

Account Portion	Rate
$0 - $4,999	1.51%p.a.
$5,000 - $19,999	1.51%p.a.
$20,000 - $49,999	1.70%p.a.
$50,000 and over	2.00%p.a.

Lending Products

“All loans are subject to CUA’s normal lending policy. Fees and charges apply. Refer to Schedule of Fees brochure. Conditions apply to ‘new business only’ offers. Interest rates are on a per annum basis and are subject to change.”

Housing Finance Owner/Occupier & Residential Investment

Variable Rates

Product	Rate
Standard Variable	6.72%p.a.
Discount Variable ≥ $250,000	6.72%p.a.^
Basic Variable	6.64%p.a.
Basic Variable ≥ $250,000	6.54%p.a.
1 Year Introductory Variable^#	6.34%p.a.
CUA Mortgage Freedom ≥ $250,000	6.97%p.a.
CUA Mortgage Freedom < $250,000	7.22%p.a.

^# _{For new business only. Reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the fixed term or introductory period. ^A loyalty discount rate applies after 3 years.}

Fixed Rates

Product	Rate
1 Year Premium Fixed	6.50%p.a.
2 Year Premium Fixed	6.46%p.a.
3 Year Premium Fixed	6.55%p.a.
5 Year Premium Fixed	6.99%p.a.
1 Year Fixed	6.10%p.a.
2 Year Fixed	6.06%p.a.
3 Year Fixed^#	5.99%p.a.
5 Year Fixed	6.69%p.a.

_{Reverts to the current standard variable or discount variable rate for loans $250,000 or} _{greater on expiration of the fixed term or introductory period.} ^# _{For new business only.}

Personal Loans (Variable rates)

All purpose loans	Rate
20% equity in real estate	11.20%p.a.
Personal Loan	12.99%p.a.

Car loans	Rate
Vehicles up to 2 years old - $30,000 and above	8.69%p.a.
Vehicles up to 2 years old - below $30,000	8.99%p.a.
Used car (2-5 years old)	9.99%p.a.

Commercial Finance

Loans for purchase of residential and commercial property
Loans for purchase of businesses
Asset purchase/leasing for vehicles, plant & equipment
Interest rates available on request

Overdraft

Product	Rate
“Everyday” overdraft	10.90%p.a.
“Just in Case” overdraft	13.50%p.a.

CUA MasterCard

_{Conditions: These interest rates are current as at 1 February 2012} _{and are subject to change. Fees and charges are payable.}

	Purchases	Cash
Platinum MasterCard	20.24%p.a.	21.24%p.a.
Rewards MasterCard	19.74%p.a.	20.49%p.a.
Low Rate MasterCard	13.60%p.a.	19.99%p.a.

Here is a printable version of the current interest rates for CUA loans, credit cards, term deposits and savings accounts.

An explanation of comparison interest rates

On all CUA advertisements for home and personal loans, you will see a ‘comparison rate’ appearing after the interest rate. A comparison rate is a tool designed to help consumers identify the true cost of a loan.

The comparison rate includes the annual interest rate and the upfront and ongoing fees and charges relating to the loan, expressed as a single percentage figure. For example, an advertisement displaying an interest rate of 5.49% p.a. may have a comparison rate of 6.75% p.a.

Under the Federal Government’s National Credit Code, all lenders must include a comparison rate, in addition to other prescribed information, when advertising an interest rate.

Compare with caution

Comparison rates can be a useful tool for comparing the overall cost of different loans, however they have some shortcomings. Many add-on features which some members find very valuable are not taken into account in the calculation of the comparison rate.

When choosing a loan, it is important to research the features of each loan to find the product that suits you best. You’ll find all of CUA’s award-winning home loans offer the ability to make additional and lump-sum repayments without penalty, and include free redraws and many other features that are not available from our competitors.

These features are not reflected in our comparison rates.