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2022 Interest Rate Update

As has been widely reported, the Reserve Bank of Australia increased the official cash rate by 25 bps at its December meeting.

The updated interest rates for AIDF Lending and Investment rates are available here.

Please note the new rates for:

  1. Loans will apply from the 1 January 2023; and
  2. Investments will apply immediately.

The AIDF rates remain commercially attractive compared to those offered within the broader banking sector. In addition, no account keeping or transaction fees apply to our savings and investments products. The AIDF Board continues to monitor RBA and market movements closely.

Please do not hesitate to contact Adam, Leila or Sarah at the AIDF directly if you have any questions about these interest rate adjustments.

Trevor Ament

Chief Executive Officer

December 2022


Non-Housing Loans
In response to the RBA cash rate increase, the AIDF is seeking to adjust Non-Housing Loan interest rates as of 1st January 2023 as follows:
– Standard Diocesan Rate which applies to Parishes, Diocesan Schools, the ACPT, and other Diocesan entities.
Increased by 0.15% from 6.50% to 6.65%
– Master Asset Facility (MAFF)
Remained unchanged at 4.50%
– Overdraft Rate
Remained unchanged at 7.50%
– Personal Late Rate
Remained unchanged at 9.75%

Term Investments

Term Investments3 Months6 Months9 Months12 Months18 Months24 Months36 Months
Current (as at 18/11/2022)3.10%3.25%3.50%4.00%4.10%4.05%4.05%
Proposed Rates (as of 22/12/2022)unchangedunchangedunchangedunchanged4.00%4.00%4.00%

Saving and Investment Accounts

Cash Management AccountCommunity Saver AccountAccess Account (Transactional)Cheque Account
(as at 18/11/22)
3.00%3.25% +0.50% donationUp to $50k – 0.30%
Over $50k – 0.35%
Up to $100k – 0.15%
Over $100k – 0.20%
Proposed Rates (as of 22/12/2022)unchanged3.50% +0.50% donationunchangedunchanged

Home Loans

Variable – Existing (as at 01/12/2022)4.40%
Fixed Rate1 Year
2 Year
3 Year
Proposed Rates (as of 01/01/2023)
Fixed Rate1 Year
2 Year
3 Year
Interest Rate Update – December 2022
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