Interest Rates

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The Co-op encourages members to invest in Share Capital. Likewise we encourage members to transfer funds from their ‘At Call Account’ into Share Capital. Share Capital provides for the long term financial strength of the Co-operative and enables the Co-op to grow and provide services to our members.

At Call Funds (Accumulated Cash Rebates)
Effective Date Interest Rate*
Current Rate 2.50%
3 May 2017 2.50%
2 August 2016 2.50%
3 May 2016 2.75%
5 May 2015 3.00%
1 Feb 2015 3.50%
1 Feb 2014 3.50%
1 Feb 2013 3.50%

* Effective 1st May 2015; At Call Funds interest rate is 1% above the Reserve Bank’s cash rate.

Share Capital Funds
Effective Date Interest Rate **
Current Rate 3.50%
5 July 2017 3.50%
2 August 2016 3.50%
3 May 2016 3.75%
5 May 2015 4.00%
4 February 2015 4.25%
7 August 2013 4.50%
1 July 2013 4.75%

** Effective 1st July 2013; Share Capital interest rate is 2% above the Reserve Bank’s cash rate.