Rates and fees

Free services

  • No Joining Account Fee
  • No Account management Fees
  • Free deposits into NZCU Steelsands or any of their branches accounts.
  • Free Internal transfers between NZCU Steelsands or any of their branches accounts.
  • Free External transfers from your NZCU Steelsands or any of their branches.
  • Access to balances, transfers and transactions via Internet and Mobile APP.
  • Quarterly paper statements or online statement service.
  • Over-the-counter cash withdrawals(Glenbrook Only).
  • Set up of bill payments.
  • It is free to download and use the AccessMobile APP; however usual mobile data costs apply.

Goal Saver & Everyday Accounts

Updated 1 November 2017

Everyday Accounts
S1, S2, S3 & S4 1.00% p.a.*

 
> Unlimited transactions permitted.

> Interest calculated on the daily balance and paid annually on 30 June.

> Account eligible for annual bonus interest.

 

 

Goal Saver 
$      0  -   $   999 1.00% p.a.*
$1,000  -   $4,999 2.50% p.a.*
$5,000 + 3.50% p.a.*

 
> Two free withdrawal per month. $3 thereafter to a maximum of $9 per month

> Interest calculated on the daily balance and paid annually on 30 June.

> Account eligible for annual bonus interest

 

Christmas Saver 
$   0    -     $5,000 5.00% p.a.*
$5,000 + 3.50% p.a.*

 
> Save by regular deposits to account.

> No Withdrawals Permitted.

> Interest calculated daily.

> Funds transferred to Primary Share S1 account upon maturity, where it will be available for withdrawal from 1 November.

> Interest Rate includes loyalty benefit.  Not eligible for bonus dividend.

 

Jimmy J Junior saver (ages 0-11 yrs)
Interest Rate 3.50% p.a.*


>
No minimum balance.

> Two free withdrawals per month, $2 per withdrawal thereafter to maximum of $6 per month.

> Interest calculated daily and paid monthly.

> Birthday card and deposit of $5.00 to account with regular deposits

> Membership Certificate for New accounts.

>  Not eligible for bonus dividend

 

* Interest rates are indicative only and subject to change without notice.
   Maximum deposit $150,000 per member

Account fees 
Goal Saver Two free withdrawals per month $3 thereafter to maximum $9 per month
Jimmy J Junior Saver Two free withdrawals per month $2 thereafter to maximum $6 per month
   
Dishonoured Automatic Payments (AP) & Direct Debits (DD)
$0.00 Inwards (dishonoured by bank)
$7.50 Outwards (dishonoured by NZCU)
$0.00

Rejected external APs (first is free)

Cheque Services
$10.00 Stopped Cheque
Dormant Accounts
$3.00 Dormant account monthly fee

 

 

Eftpos/debit cards

ACCESSCARD® & AccessDebit card fees  
EFTPOS

5 Free transactions per month
$0.30 per transaction thereafter
$0.30 per enquiry or decline

ATM

5 Free withdrawals per month
$1.15 per withdrawal thereafter 
$0.90 per balance enquiry or decline

Glenbrook Site ATM 5 Free withdrawals per month
$0.30 per withdrawal thereafter
$0.30 per balance enquiry or decline
PaypassTM Tap & Go for purchases $80 and under (AccessDebit only) $0.80 (maximum of 5 transactions per day to a maximum of $150)
ATM - Maximum Cash withdrawal amount per day (including overseas) $  1,500
EFTPOS - Maximum purchase amount (including overseas) $10,000
Overseas transactions
Overseas ATM withdrawal - AccessCard
Overseas ATM withdrawal - AccessDebit Card

NZ$7.00
NZ$5.00

Overseas Eftpos transaction, Enquiry and Declines  NZ$0.80
AccessCard multi currency conversion fee (applied at the prevailing buy rate by Mastercard®)
1.10%
AccessDebit foreign currency fee (on the NZ$ value of the transaction) 2.25%
Overseas Transactions - only available where the Maestro label is displayed  
Service fees
First ACCESSCARD (inc joint) -  Free
Replacement AccessCards  $2.00
AccessDebit New and Replacement card

$6.00

AccessDebit administration fee
$1 per card, charged monthly
AccessDebit Voucher Search Charges $50.00 per disputed transaction

Personal loans

 

Personal loan rates

Security Type Interest Rate
Pledged Loans 8.00% p.a.
Secured loans greater than $20,000 9.95% p.a.
Secured loans less than $20,000 11.50% p.a.    
Partially Secured 11.50% p.a.
Unsecured 14.00% p.a.

 

 

Personal loan fees

Personal Loan Approval  $50
Personal Loan redraw (available if loan is in advance)                          Free
Third Party Charges (vehicle check and registering security over vehicle)   $31.75 (cost for one vehicle only)

 

Apply now

Home loans

Home Loan   
Floating 5.50% p.a.

 

> Other rates may apply depending on your personal circumstances and level of equity.
> Interest rates are indicative only and may be subject to change without notice.

Home loan fees

$250 Home loan - approval

 

Other charges

Where the Credit Union incurs a charge from another organisation when acting on a customer’s behalf including credit checks, legal costs and disbursements or costs associated with the registration of securities, the Credit Union will pass these costs on to the customer. 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 692 848.

Enquire now

Overdraft

Overdraft type      Interest rate
Secured  11.50% p.a
Unsecured 14.00% p.a.

 

> These are indicative rates only and may be subject to change without notice.

Overdraft fees

$50 Approval

 

Enquire now

Term deposits

Term Interest rate
3    months 3.00% p.a.
6    months 3.30% p.a.
12  months 3.50% p.a.

 

> Interest is calculated on a daily basis.

> Investors are advised of their options prior to maturity.

> Maximum deposit $150,000 per member.

> Minimum deposit is $1,000

> These are indicative rates only and may be subject to change without notice.

> Where a term deposit is withdrawn prior to the maturity date, the applicable interest rate will be reduced by up to 1%. The applicable interest rate will not reduce below 0%.

  

Apply now

Foreign Currency

Foreign Cash Free   
MCCP - Mastercard Multi Currency Cash Passport Free
Telegraphic Transfers $15
Foreign Currency Bank Draft $10
Deposit of Foreign Cheque Free


NZCU Steelsands does not buy foreign cash back.