Account Types
AIDF offers several different account types for individuals (personal) and agencies, parishes and schools (business) of the Diocese of Canberra & Goulburn.
The AIDFs core purposes of being a strong and significant supporter of local parishes, including their community activities and buildings, aligns with the Investors’ desires of not only receiving competitive and accessible accounts but also of supporting their own community. The AIDF investors are a fundamental reason for the success of the AIDF over its long history.
The AIDF provides fee-free accounts, including access (everyday accounts) and term investments paying consistently competitive interest rates. Our online “community saver account” provides a strong return to the investor and the AIDF will donate a percentage to your parish or favourite Diocesan entity.
The AIDF offers secure ‘Online Transaction Services’ functionality including BPay, MYOB, Banklink (accounting), Cemtex (business salary files) and third-party payment functionality. The system provider is Data Action, who has many clients in the Credit Union sector. The AIDF also participates in the Bulk Electronic Clearing System (BECs), through Indue.
Please be advised that due to current regularotry restrictions, we can only extend our account offerings to individuals and organisations associated with the Anglican Diocese of Canberra & Goulburn. To help you determine your eligibility, the definition of an associate is detailed under the accounts below.
Choose Your Account Type
Personal Accounts
*Associates Only
Business Accounts
Agencies | Parishes | Schools
PERSONAL ACCOUNTS
*Associates Only
Online Community Saver
+ Supports your local parish by donating 0.50% annually
+ Competitive interest rates
+ Funds can be accessed at any time
+ No entry, exit, transaction or account keeping fees
+ Online transactions only
+ Interest is calculated daily and paid monthly
+ Statements are annually
Loan
+ Competitive interest rates
+ Only available to Clergy and Diocesan Staff
+ Both personal and home loans available
Term Investment
+ Variety of terms available
+ Competitive interest rates
+ Fixed interest rate for the term
+ No entry, exit, transaction or account keeping fees
+ Online access (view only) available
+ Interest calculated daily and paid upon maturity or every 6 months if the term is 12 months and over
Online Community Saver
+ Supports your local parish by donating 0.50% annually
+ Competitive interest rates
+ Funds can be accessed at any time
+ No entry, exit, transaction or account keeping fees
+ Online transactions only
+ Interest is calculated daily and paid monthly
+ Statements are annually
Term Investment
+ Variety of terms available
+ Competitive interest rates
+ Fixed interest rate for the term
+ No entry, exit, transaction or account keeping fees
+ Online access (view only) available
+ Interest calculated daily and paid upon maturity or every 6 months if the term is 12 months and over
Loan
+ Competitive interest rates
+ Only available to Clergy and Diocesan Staff
+ Both personal and home loans available
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.
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).
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.
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).
BUSINESS ACCOUNTS
Parishes | Agencies | Schools
*Associates Only
BUSINESS ACCOUNTS
Parishes | Agencies | Schools
*Associates Only
Cash Management Account
+ Competitive interest rates
+ Funds can be accessed at any time
+ No entry, exit, transaction or account keeping fees
+ Online transactions only
+ Interest is calculated daily and paid monthly
+ Statements are annually
Cheque Account
+ Competitive interest rates
+ No entry, exit, transaction or account keeping fees
+ Online access available
+ Interest is calculated daily and paid monthly
Term Investment
+ Variety of terms available
+ Competitive interest rates
+ Fixed interest rate for the term
+ No entry, exit, transaction or account keeping fees
+ Online access (view only) available
+ Interest calculated daily and paid upon maturity or every 6 months if the term is 12 months and over
Cash Management Account
+ Competitive interest rates
+ Funds can be accessed at any time
+ No entry, exit, transaction or account keeping fees
+ Online transactions only
+ Interest is calculated daily and paid monthly
+ Statements are annually
Term Investment
+ Variety of terms available
+ Competitive interest rates
+ Fixed interest rate for the term
+ No entry, exit, transaction or account keeping fees
+ Online access (view only) available
+ Interest calculated daily and paid upon maturity or every 6 months if the term is 12 months and over
Cheque Account
+ Competitive interest rates
+ No entry, exit, transaction or account keeping fees
+ Online access available
+ Interest is calculated daily and paid monthly
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
- parishes and ministry units, which are bodies constituted by or under the authority of a decision of the Diocese;
Diocesan agencies and schools, which are bodies constituted by or under the authority of a decision of the Diocese and created by way of ordinance; or
a body formed for the purpose of advancing religion which is of the same denomination as the Diocese.