Deeming Account

This account is designed to meet the Federal Government's deeming regulations and is available to any Member who is in receipt of an eligible Centrelink Pension, Veteran Affairs Pension or is a self funded retiree over the age of 55.

Features at a Glance

Minimum Balance

Nil

Interest Calculated

Daily

Tiered Interest Rates

Yes

Interest Credited

Monthly

Debit Interest

Monthly

Funds Availability

At Call

Statement

Yes

Cheque Facility

Available¹

Overdraft Facility

Available¹

ATM Access Card

Yes

Internet Banking

Yes - FREE²

Phone Banking

Yes - Local call

Over Counter Deposits*

Yes

Direct Credit/Debit

Yes

Periodical Payments

Yes

BPAY

Yes

FREE Sub Accounts

Yes

1 Subject to Approval

2 For BCU & BCU Direct Members only. Telecommunications costs and Internet Service Provider charges will apply. Access is subject to system availability and server maintenance program.

*As well as any Westpac branch using a BCU deposit book

Interest Rates

For full details of BCU's current interest rates click here (PDF format, requires Adobe Reader which can be downloaded for free.)