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No. But we did!
Effective 1 October 2020 loan rates have been reduced! Normally such a reduction would take place when the Reserve Bank of Australia (RBA) lowers the Official Cash Rate. We are dropping our rate outside of any RBA movements because we are different from other banks. We care about our members and are always striving to deliver the best outcome that we can.
Traditionally financial institutions offer new borrowers a lower rate then slowly inflate this rate over time. We believe it's only fair to offer long time members and newly joined members the same savings and benefits. Therefore we do not have differential pricing for borrowers with the same product.
We encourage all members who know family and friends who have a home loan elsewhere to check their rate.
We will continue to make every effort to improve the financial wellbeing of you and your community.
Rates, Fees & Charges effective: 01/01/2021
Everyday Account (S99) | Interest Rate |
---|---|
Any balance | 0.00% |
Pensioner Account (S98) | Interest Rate |
$1 - $9,999 | 0.00% |
$10,000 - $49,999 | 0.05% |
$50,000 - $249,999 | 0.10% |
$250,000+ | 0.30% |
Concession Card Account (S36) | Interest Rate |
Any balance | 0.00% |
Youth Account (S92) | Interest Rate |
Any balance Interest calculated on daily balance and credited 30 June each year. |
0.15% |
Bill Paying Account (S72) | Interest Rate |
Any balance Interest calculated daily on debit (overdrawn) balances and debited to the account at the end of each month. |
0.00% |
Christmas Club Account (S45) | Interest Rate |
Any balance Interest calculated on daily balance and credited 31 October each year. |
0.10% |
Online Saver Account (S37) | Interest Rate |
Any balance Interest calculated on daily balance and credited on the last day of the month. |
0.15% |
Fixed Term Account (I95/96) | Interest Rate |
---|---|
1 Month | 0.10% |
2 Months | 0.15% |
3 Months | 0.20% |
4 Months | 0.25% |
5 Months | 0.25% |
6 Months | 0.60% |
7 Months | 0.35% |
8 Months | 0.35% |
9 Months | 0.35% |
10 Months | 0.40% |
11Months | 0.40% |
12 Months | 0.60% |
24 Months | 0.70% |
Minimum balance of $5,000. Interest fixed for the term of the investment. Interest calculated on daily balance and credited on maturity. For terms greater than 12 months, interest also credited annually.
When a fixed term account is redeemed prior to maturity the interest rate applicable will be equivalent to the current At Call rate for the amount withdrawn.
31 days written notice must be given for early redemptions.
Type | Interest Rate | Comparison Rate |
---|---|---|
Principal & Interest | 2.79% | 2.79% |
First Home Buyer* | 2.54% | 2.74% |
Interest Only | 4.39% | 4.39% |
Bridging Loan | 3.19% | 3.19% |
Fixed (1 to 5 year options) | Rate on application |
Type | Interest Rate | Comparison Rate |
---|---|---|
Principal & Interest | 3.29% | 3.29% |
Interest Only | 3.29% | 3.29% |
Fixed (1 to 5 year options) | Rate on application |
Type | Interest Rate | Comparison Rate |
---|---|---|
Secured Loans | 6.70% | 6.70% |
Standard Loans | 11.70% | 11.70% |
Type | Interest Rate | Annual Fee |
---|---|---|
Basic Blue | 11.99% | $45 |
Type | Unsecured | Secured (Goods Mortgage) |
Secured (Residential Mortgage) |
---|---|---|---|
Interest Rate | 11.80% | 7.70% | 5.49% |
Business Everyday Account (S90) | Interest Rate |
---|---|
Any balance | 0.00% |
Business Online Saver Account | Interest Rate |
Any balance Interest calculated on a daily basis and credited on the last day of the month |
0.15% |
Type | Interest Rate | Comparison Rate |
---|---|---|
Residentially Secured | 2.54% | 2.54% |
Commercially Secured | 3.39% | 3.39% |
Goods Mortgage Secured | 6.70% | 6.70% |
Unsecured | 11.70% | 11.70% |
Fixed (1 to 5 year options) | Rate on application |
Type | Interest Rate | Comparison Rate |
---|---|---|
Residentially Secured | 2.54% | 2.54% |
Commercially Secured | 3.39% | 3.39% |
Fixed (1 to 5 year options) | Rate on application |
Type | Interest Rate | Annual Fee |
---|---|---|
Basic Blue | 11.99% | $45 |
Type | Unsecured | Secured (Goods Mortgage) |
Secured (Residential Mortgage) |
Secured (Commercial Property) |
---|---|---|---|---|
Interest Rate | 11.80% | 7.70% | 4.49% | 5.20% |
Fee | |
---|---|
No Account Keeping Fees | |
No Transaction Fees# # Refers to access cards, internet banking, telephone banking, teller transactions and personal cheques on Transaction Accounts. |
|
Bill Paying Fees (S72 Bill Paying Accounts Only) A fee of $1.50 will be charged for each Withdrawal transactions*. The fee is debited to the account at the end of each calendar month. *Withdrawal transactions include cash withdrawals, over-the-counter bank cheque withdrawals (refer to bank cheque fee below which also applies), direct debits, debit transfers and Bpay payments. |
$1.50 |
IPEX Fee Electronic Funds Transfers (EFT’s) processed in real time are $20.00 each. Please note arrival time cannot be guaranteed as it is dependant on the receiving financial institution. |
$20.00 |
Dishonour Fees
|
$10.00 |
Bank Cheque Fees Stop bank cheque request |
$15.00 |
Overdrawn Account Fee Per item which overdraws account or exceeds overdraft limit |
$10.00 |
Traces, Enquiries & Disputes
+Fee only applies to non-genuine disputes |
$30.00 |
Dormant Account Fee Annual fee on dormant accounts (no transactions over the prior 12 months) |
10.00 |
Duplicate Statement Fee Per statement |
$5.00 |
Youth Account (S92) The above fees and charges do not apply to the Youth Account |
|
Merchant Facilities | Available on application |
Foreign Exchange | |
Visa Foreign Transaction Current Conversion | 3% of sale |
Foreign Currency | 1% of sale |
Cash Passport | 1% of sale |
Bank Draft | $15.00 |
Telegraphic Transfer | $40.00 |
Loan Fees | |
Personal Loan Establishment Fee | Nil |
Overdraft Establishment Fee | Nil |
Motrgage Loan Establishment Fee | Nil |
Fixed Loan Rate Lock-in Fee (for up to 3 months) | $600 plus 0.15% of loan amount |
Repayment Processing Fee (for fixed rate loans) | Economic Cost - available on application |
Default Payment Fee | $35.00 |
AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide. AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.
AWA Alliance Bank® is a trade mark of