Rates and fees

Please note our fees and charges have been updated to reflect changes taking effect 24th September 2021

For a full list of fees for Our Steelsands Members please Click Here

For Our NZCU Employees Members Click Here for Rates and Fees 

 

Free services

  • No Joining Account Fee
  • 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

Effective 24th September 2021

Everyday Accounts  
S1, S2, S3 & S4 (Transactional Accounts) 0.00% p.a.*                                         

 

> Unlimited transactions permitted.

> Interest calculated on the daily balance and paid monthly.

> Account eligible for annual bonus interest.

> $5 monthly account management fee (if this is your main account)

 

Goal Saver 
$0  -   $   999 0.05% p.a.*

$1,000  -   $4,999

0.10% p.a.*
$5,000 - $99,999 0.25% p.a.*
$100,000 + 0.00% p.a *

 

> Interest calculated daily and paid monthly.

> Account eligible for annual bonus interest

> $5 monthly account management fee (if this is your main account)

 

 

Loan Provider
Funds held for loan security (whole balance) 0.25% p.a.*                                              

 

> Interest calculated daily and paid monthly

 

Christmas Saver 
$   0    -     $5,000 0.80% p.a.*
$5,000 + 0.25% p.a.*

 
> Save by regular deposits to account. No Lump sum deposits permitted

> No Withdrawals Permitted.

> Interest calculated daily, paid annually on 31 October.

> Funds are available for withdrawal between 1 November to 31 December.

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

 

Jimmy J Junior saver (ages 0-11 yrs)
Interest Rate 0.80% p.a.*


>
No minimum balance.

> 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 $100,000 per member

Account fees 
Goal Saver

Unlimited transactions using Internet Banking

$5 Monthly account management fee if this is your main account

Jimmy J Junior Saver Unlimited transactions using Internet Banking
 Everyday account

Unlimited transactions using Internet Banking

$5 Monthly account management fee if this is your main account

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)

Dormant Accounts
$3.00 Dormant account monthly fee

 

 

Eftpos/debit cards

ACCESSCARD® & AccessDebit card fees  
   
PaypassTM Tap & Go for purchases $80 and under (AccessDebit only) 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 - AccessDebit Card

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 Mastercard label is displayed  
Service fees
ACCESSCARD New & Replacement cards
$6.00
AccessDebit New and Replacement card

$6.00

AccessDebit Voucher Search Charges $57.50 per disputed transaction

Personal loans

 

Personal loan rates

Security Type Interest Rate
Pledged Loans 8.00% p.a.                                          
Fully Secured loans greater than $20,000 9.95% p.a.
Fully Secured loans less than $20,000 11.50% p.a.    
Partially Secured 12.00%-13.00% p.a.
Unsecured 14.00% p.a.

 

 

Effective 24th September 2021

Personal loan fees

Personal Loan Approval  $150  
Third Party Charges (vehicle check, redbook valuation and registering security over vehicle)   $33.50 (cost for one vehicle only)
Loan Provider Account (opened for loan payments) $5 monthly account management fee (if this is the main account for member)

 

Apply now

Home loans

Home Loan   
Floating 5.45% 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.

 

Effective date: 30th March 2020

Home loan fees

Home loan - approval $250

 

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

Approval $50

 

Enquire now

Term deposits

Term

Interest rate
3    months 0.30% p.a.
6    months 0.70% p.a.
12  months 0.70% p.a.

 

Effective 24th September 2021

>Interest is calculated on a daily basis and paid at maturity.  Interest can be paid to a nominated account monthly.  For deposits of 6 months and over, interest can be

   compounded quarterly.

> Investors are advised of their options prior to maturity.

> Maximum deposit $100,000 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 break rate fee will be the agreed Term Deposit Interest Rate at time of application less the Term Deposit Break Rate.  

The current maximum break rate to be applied is 1%


    e.g. Original investment 12 months 3.5% less 1% leaving 2.5% as the interest rate applied.  
    Early withdrawals will only be considered for genuine hardship.

  

Apply now