Anglican Investment & Development Fund (AIDF)
An Ethical Investment to help support the mission of the Diocese of Canberra & Goulburn
INTEREST RATES
Effective as of 1 December 2023
Personal accounts
Associates Only*
Online Community Saver Account / Notice Account
Interest is calculated daily and paid monthly.
Bonus interest paid annually.
Access Account
Balance Interest Rate
Up to $49,000 0.30%
Over $50,000 0.35%
Interest is calculated daily and paid every 6 months in June & December.
Loans
Loan
Personal Loan
Interest Rate
9.75%
Housing Loan
Variable 5.75%
Fixed
1 year – 6.60%
2 year – 6.50%
3 year – 6.45%
Business accounts
Parish | Schools | Agencies
Cash Management Account
Other Diocesan Entities (Parishes & Agencies)
4.25%
Interest is calculated daily and paid monthly.
Cheque Account
Balance Interest Rate
Up to $100,000 0.15%
Over $100,000 0.20%
Interest is calculated daily and paid every 6 months.
Access Account
Balance Interest Rate
Up to $49,000 0.30%
Over $50,000 0.35%
Interest is calculated daily and paid every 6 months.
Loans
Loan
Non-Housing Loan
Diocesan School Loan
Overdraft Facility
Interest Rate
7.75%
7.75%
8.50%
Housing Loan
Variable 5.75%
Fixed
1 year – 6.60%
2 year – 6.50%
3 year – 6.45%
Term Investments
Effective as of 1 December 2023
Associates Only*
Term
3 months
6 months
9 months
12 months
18 months
24 months
36 months
Interest Rate
4.50%
4.65%
4.85%
5.10%
5.10%
4.75%
4.00%
Interest paid at maturity or for investments 12 months or longer, interest may be paid regularly upon request.
Breaking a Term Investment
As a result of regulatory changes which took effect from 1st January 2018, the AIDF requires customers to give 31 days notice when breaking a Term Investment during the agreed term, before they can access the funds. A penalty may also be charged. Immediate access to funds under circumstances of hardship will be considered by the AIDF in accordance with our Early Access to Funds policy.
*Associate Definition
Person’s acting as trustees of the Anglican Church Property Trust;
A member of clergy, employee or voluntary* staff members who work for a parish, ministry unit, diocesan agency or school of the Diocese;
Trainee clergy who receive money or money’s worth.
*A voluntary staff member includes the following:
A person who is a member of the governing body of the Diocese, a diocesan agency, school or ministry;
A person who is a member of any committee established by the Diocese to further the work of the diocese;
A person who works on a voluntary basis for at lease 40 hours a calendar month in a business operated by a parish or diocesan agency;
A person who works on a voluntary basis for at least 40 hours a calendar month in a diocesan charitable program
(eg. a program which assists vulnerable members of the community by providing support such as counselling and
low or no cost food and other household products).