Our office will be open from 10 am to 3 pm Monday to Friday. Further information is available here.
A Self Managed Superfund (SMSF) Savings account is an account for those who want to manage their own superannuation retirement savings and investments. As a SMSF is a trust, a trust deed must be established. Generally your accountant or financial planner will take you through this process, including the operation and regulations that are applicable.
✓ Attractive interest rate
✓ Interest calculated daily and paid monthly
✓ Easy and convenient access by internet/telephone
Savings Accounts Features
|Annual Fee :||$0|
|Monthly Fee :||$0|
|Funds Available :||At Call|
|Personal Cheque Facility :||No|
|Branch Access :||No|
|ATM/EFTPOS Access :||No|
|Direct Entry (Credit/Debit) :||Credit Only|
|Interest Calculation :||Calculated daily, paid monthly|
|Balance||Interest Rate (p.a.)|
|$1 to $250,000||0.60% p.a.|
Interest calculated daily on the portion of the balance in each over tier and paid monthly.
Geelong Bank is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account.
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.
Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).
In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
Superfund Maximiser Account
Speak to a consultant today.
Open a Savings or Transaction Account.