Effective Date: 1 September 2019
CHANGES TO INTEREST RATES
The CDF Management has reviewed our interest rates and the following rates apply:
NEW RATE | |
Staff Savings Accounts | 0.10% |
Parishes/Schools/Church Agencies Savings Accounts | 0.10% |
Priests Cheque Accounts | 0.10% |
Parishes/Schools/Church Agencies Cheque Accounts | 0.10% |
Cash Management Accounts – Type 18 – Schools & Parishes Balances less than $20,000 $20,000 to less than $100,000 $100,000 and above |
0.10% |
Funeral Fund Accounts Balances up to $1,999 Balances over $1,999 (Based on 12 month FTD Rate) |
0.10% |
Education Fund Accounts (Based on 12 month FTD Rate) | 2.00% |
Term Investments (Minimum amount $2,000)
Note – Effective Date 7 August 2019 31 days |
1.05% |
Standard Loan Rate
For Loans less than $5M: For Loans $5M and above: CDF Benchmark Rate less 0.25% |
3.90%
3.65% |
Standard Overdraft Rate (Approved Overdraft) Unarranged Overdraft CDF Loan Benchmark Rate + 3.0% |
5.9%
6.9% |
Colin Schotte
CDF Manager
6 August 2019