Hunter Mutual Account Type Changes
| Old product | New Product features | |||||||||||
| Old HM Account type | New CMG Account type | Interest calculate based on | Interest Rate | Interest credited | Funds available | Cheque | Overdraft | ATM /EFTPOS |
Internet /phone |
Counter | Direct CR/DR | BPAY |
| S1 Access | S1 Access | Minimum monthly balance | 0.25% p.a. | 6 monthly | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S4 Access | S5 (CPA) | Minimum monthly balance | Less than $5,000 1.00%p.a. $5,000 to $49,999 1.25%p.a. $50,000+ 1.75%p.a. |
Annually | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S8 Growth | S9 High Rise | Daily | Less than $5,000 1.00%p.a. $5,000 to $49,999 1.25%p.a. $50,000+ 1.75%p.a. |
Annually | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S15 Deeming | S50 Deeming | Daily | Bal up to $42,000 2.00%p.a. Part bal over $42,000 3.00%p.a. |
Quarterly | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S7 Christmas Club | S13 Christmas Club | Minimum monthly balance | 1.00%p.a. | Annually | Nov & Dec | No | No | No | Balances only and in Nov / Dec | Yes | Credit only | No |
| S10 Business Overdraft | S11 Commercial overdraft | Minimum monthly balance | 0.25%p.a. | 6 monthly | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S12 Personal overdraft | S9 High Rise | Daily | Less than $5,000 1.00%p.a. $5,000 to $49,999 1.25%p.a. $50,000+ 1.75%p.a. |
Annually | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S46 Residential Mortgage | S10 Mortgage secured overdraft | Minimum monthly balance | 0.25%p.a. | 6 monthly | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| S96 Rural residential overdraft | S10 Mortgage secured overdraft | Minimum monthly balance | 0.25%p.a. | 6 monthly | At call | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Rates Effective 2nd March 2010
If you would like to download a copy of this table, please click HERE.
If you would like more information on these account types, please click HERE.
Hunter Mutual is a trading name of the New England Credit Union Ltd. ABN 21 087 650 360 : AFSL 241167. New England Credit Union Ltd is the issuer of the Access Savings Account, Community Partnership Account (CPA), High Rise Account, Deeming Account, Commercial Overdraft and Christmas Club Accounts. Terms and conditions apply. Fees and charges apply. Normal New England Credit Union Ltd lending criteria apply.
