Savings Accounts

At MemberFirst Credit Union we have a range of deposit accounts to suit your needs. Our accounts allow you to watch your savings grow and provide you with the flexibility you need to manage your money.

Savings Accounts

S1 Easy Access Account

This everyday account may not provide interest but it's packed full of easy access facilities so you can be assured you'll never get caught out.

Easy access via Redicard, Visa, Cheque Book
Electronic Access via Internet, BPAY & Phone banking
Link to our savings accounts to earn interest on a surplus

Nil%pa

S2 & S10 Special Purpose Account

These accounts are used to separate everyday funds from money saved for a special purpose or bill payment.

Establish separate accounts to save for a holiday or car
Electronic Access via Internet, BPAY & Phone banking
Interest calculated monthly and paid annually in June

0.05%pa

S3 Visa Access Savings Account

An everyday account that gives you the spending power of Visa. Use in 24m merchant locations and 1m ATMs worldwide.

Use your own money and pay no credit card interest
Attach an overdraft to see you through until payday
Avoid fees: Press “credit” when you make a purchase

Nil%pa

S4 Super Savers Account

Encourage the development of sound money management skills that will last a lifetime with this account especially developed for under 12s.

Kids receive special benefits as well as a great rate
Optional auto deductions from parent's salary or account
No minimum balance required

1.00%pa

S5 Christmas Club Account

A great way to save for Christmas. This account can help you buy the presents or fund the holiday feast.

Withdrawals restricted to 1st Nov to 15th Jan
Set up a direct debit or salary deduction to boost savings
Access your money in branch or via Internet or phone only in the available period

2.75%pa

S6 Real Interest - For Retirees Account

With a free cheque book (if required) and a great rate, this account makes your money work as hard as you have.

An at-call, transaction fee free account with high interest rate tiers
Easy access via Redicard, Visa, Cheque Book
Interest calculated daily and paid monthly

Up to 0.5%pa View Rate Tier

S7 Cash Management Account

This account offers higher interest rates for the serious saver with some restrictions on accessing your funds to help you save.

Minimum balance of $1,000
Each deposit is not available for withdrawal for 30 days
7 days notice must be given for withdrawal

0.75%pa

S9 MemberFirst Savers Club Account

Designed to aid the budgeting process by restricting access to over the counter withdrawals, impulse buying will be a thing of the past.

Interest rates increase the more you save
No ATM or EFTPOS access
Interest calculated daily and credited annually on 30 June

Up to 0.50%pa View rate tier

S20 / S21 / S23 Mortgage Offset Savings

Make your savings work harder for you. Reduce your mortgage by the balance of your savings and therefore reduce your mortgage interest charges.

Funds available 24x7 via our full range of access facilities
Set up a direct debit or salary deduction to boost savings
No minimum balance required

Nil

Additional Key Features

FEATURES
Minimum Balance	Nil (except Cash Management Account - $1,000)
Interest	Calculated daily, paid monthly or annually on 30 June
Automatic Deposits (salary / account)	Yes

Savings Accounts

Additional Key Features

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