Interest Rates

Rates Effective as from Thursday 1 July, 2010

We have a variety of accounts to suit your needs and every one of them feature attractive interest rates. Westpac deposit books are provided for all savings and cheque accounts for use through any Westpac branch.

Everything from Pensioner Deeming Accounts for Centrelink pensioners and self funded retirees, Term Investments for investors and Savings At Call Accounts including Hi Savings Online Accounts, Business Savings Online Accounts and BFS Cheq accounts (BFS Cheq Accounts are available for Baptist Churches, Baptist denominational entities and Trusts benefiting Baptist work only) for every day use and Funeral Savings Accounts for individuals who would like to set aside funds specifically for their funeral costs.

We're sure you'll be pleasantly surprised by our attractive interest rates !

Already have an account? Download a funds lodgement form or a withdrawal form.

Phone/Email Password (optional)

A Phone/Email Password is a security facility that may be set up to enable an authorised signatory to transact or change account information with us over the phone or by email. Phone/Email Passwords must be kept confidential to maintain security over the use of your account. We encourage you to change your Phone/Email Password at least every 3 months to maintain your security.

Use this Phone/Email Password form to set up or change your Phone/Email Password.

BFSOnline Internet Account Access

Access your accounts online at any time through BFSOnline - our internet account access service. Download our BFSOnline Application Package and register now !

Interest Rates

Use these links to quickly jump to the rates that interest you.

Term Investments

No minimum amount

Term Investments up to $4,999.99

Investment Term Monthly Int per annum 3 Monthly Int pa 6 Monthly Int pa 12 Monthly Int pa Int On Maturity pa

3 months 4.55%

6 months 5.05%

9 months 5.30%

12 months 5.15% 5.20% 5.25% 5.40%

18 months 5.15% 5.20% 5.25% 5.40% 5.45%

24 months 5.20% 5.25% 5.30% 6.45% 5.55%

36 months 5.75% 5.80% 5.85% 6.00% 6.30%

Term Investments of $5,000.00 to $19,999.99

Investment Term Monthly Int per annum 3 monthly Int pa 6 Monthly Int pa 12 Monthly Int pa Int on Maturity pa

3 months 5.25%

6 months 5.75%

9 months 6.00%

12 months 5.85% 5.90% 5.95% 6.10%

18 months 5.85% 5.90% 5.95% 6.10% 6.15%

24 months 5.90% 5.95% 6.00% 6.15% 6.25%

36 months 6.45% 6.50% 6.55% 6.70% 7.00%

Term Investments of $20,000.00 to $99,999.99

Investment Term Monthly Int per annum 3 Monthly Int pa 6 Monthly Int pa 12 Monthly Int pa Int on Maturity pa

3 months 5.25%

6 months 5.75%

9 months 6.10%

12 months 5.95% 6.00% 6.05% 6.20%

18 months 5.95% 6.00% 6.05% 6.20% 6.25%

24 months 6.10% 6.15% 6.20% 6.35% 6.45%

36 months 6.65% 6.70% 6.75% 6.90% 7.20%

Term Investments of $100,000 & over

Investment Term Monthly Int per annum 3 Monthly Int pa 6 Monthly Int pa 12 Monthly Int pa Int On Maturity pa

3 months 5.65%

6 months 6.15%

9 months 6.25%

12 months 6.10% 6.15% 6.20% 6.35%

18 months 6.10% 6.15% 6.20% 6.35% 6.40%

24 months 6.25% 6.30% 6.35% 6.50% 6.60%

36 months 6.80% 6.85% 6.90% 7.05% 7.35%

More info | Download an Account Application Form

Interest is calculated on daily balances and paid from the date of lodgement of the investment.
Please note: Term Investment interest rates are subject to change without notice, except on investments already lodged.

Savings Accounts at Call

No minimum amount

At Call Investment Annual Interest Rate

Whole balance up to $9,999 2.10%

Whole balance $10,000 to $69,999 2.35%

Whole balance $70,000 to $299,999 3.00%

Whole balance $300,000 and over 3.60%

More info | Download an Account Application Form

Interest is calculated on daily balances and paid monthly for all savings accounts.
Please note: Savings Account interest rates are subject to change without notice.

Hi Savings Online Accounts at Call

No minimum amount
Personal investors only

At Call Investment Annual Interest Rate

Whole balance up to $69,999.99 3.60%

whole balance of $70,000 to $149,999 4.35%

Whole balance of $150,000 and over 4.85%

More info | Download an Account Application Form

Interest is calculated on daily balances and paid monthly for all Hi Savings Online accounts.
Please note: Hi Savings Online Account interest rates are subject to change without notice.

Business Savings Online Accounts at Call

No minimum amount
Church and other Business investors only

At Call Investment Annual Interest Rate

Whole balance up to $69,999.99 3.60%

Whole balance of $70,000 to $149,999 4.35%

Whole balance of $150,000 and over 4.85%

More info | Download an Account Application Form

Interest is calculated on daily balances and paid monthly for all Business Savings Online accounts.
Please note: Business Savings Online Account interest rates are subject to change without notice.

BFS Cheq Accounts

(Available only for Baptist Churches, Baptist denominational entities and Trusts benefiting Baptist work)

No minimum amount

BIF Cheq Account Annual Interest Rate

Whole balance up to $9,999 2.00%

Whole balance $10,000 to $69,999 2.20%

Whole balance $70,000 to $299,999 2.70%

Whole balance $300,000 and over 3.50%

More info | Download an Account Application Form

Interest is calculated on daily balances and paid monthly for all BFS Cheq accounts.
Please note: BFS Cheq Account interest rates are subject to change without notice.

We act as Agent for Indue Limited, an Approved Deposit Taking Institution, and can provide an induemoney Cheq Account for individuals 18 years and over and to any Non-Baptist Church, Incorporated Entity, Trust, Superannuation Fund, Non Profit or Other Business Entity. See our Product Disclosure Statement (PDS) for more details or download an Account Application Form from http://indue.bfs.org.au.

Pensioner Deeming Accounts at Call

No minimum amount

Individual Accounts Annual Interest Rate

First $43,200 3.00%

Portion over $43,200 4.50%

Joint Accounts Annual Interest Rate

First $72,000 3.00%

Portion over $72,000 4.50%

More info | Download an Account Application Form

Interest is calculated on daily balances and paid monthly for all Deeming Accounts.
Please note: Pensioner Deeming Account interest rates are subject to change without notice.

Funeral Savings Accounts

No minimum amount

Individuals Only Annual Interest Rate

Maximum Contributions from 01/07/10 $11,000 (plus accrued interest) 3.50%

More info | Download an Account Application Form

Interest is calculated on daily balances and credited monthly to the account.
Please note: Funeral Savings Account interest rates are subject to change without notice.

Development Fund Savings Accounts at Call

These accounts are approved by Centrelink as *Deeming Exempt & are available for recipients of Centrelink pensions. Investments to the BFS Development Fund provide the opportunity for you to assist in the development of new Churches and ministry projects in NSW/ACT, VIC/TAS, SA & WA. *DEEMING EXEMPT means that Centrelink will apply the ACTUAL income you are receiving on your investment when calculating pension entitlements rather than using their deeming rates of interest.

Centrelink has advised that Deeming Exemption will not be available on any new Development Fund accounts opened after 31 December 2009 or to any additional funds lodged after that date.

More info | Download an Account Application Form