Deeming Account

The Deeming Account is a full access transaction account which attracts a high rate of interest and is only available to members that receive a pension or are over the age of 55 and no longer working.

Your superannuation or pension is able to be direct credited to this account and funds in the account are available at call.

This flexible account can be accessed via numerous access channels including full branch access, Web Access (Internet Banking) & Swift Access (Phone Banking), BPAY, Cheque Book, Visa Access Card and Redicard. Periodical payments, direct credits and direct debits are also available.

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Product Details

- Competitive tiered interest rate linked to the Commonwealth Government official deeming rate.

- Full range of access methods.

- Free Direct Pay service.

- Only available to members who receive a Pension or are over the age of 55 and are no longer working.

- No monthly account keeping fees.

How do I apply?

It’s easy, simply call 132 067 or visit any branch to discuss how New England Credit Union can meet your financial needs.

To use this facility you must be a member of New England Credit Union. Membership can be obtained by purchasing one $10 share which is refundable on resignation. Call 132067 for more information.

For a list of current interest rates


Product Brochure (1.6mb)

Disclaimer

New England Credit Union Ltd is the issuer of Direct Pay, Deeming Account, Web Access, Swift Access, Cheque Book, Visa Access Card and Redicard. BPAY® is registered to BPAY® Pty Limited ABN 69 079 137 518.