S6 Loan Provider

s6 loan provider savings account

What is it?

The S6 Loan Provider is a savings account.  It is not strictly for members who have a loan with us, however as a condition of getting a loan with us we ask that a minimum of $5 p/w is saved into the Loan Provider.

Why? This way we help our members come out of debt with savings! Credit Unions are all about encouraging thrift and the Loan Provider is great, because staff will help members to stick to the 14 day notice of withdrawal condition.

We encourage all our members to have a Loan Provider account, so if you haven’t already got one contact your branch to set one up today!

What's in it for me?

  • The account is frozen and requires a 14 day notice of withdrawal, helping you resist the temptation to transfer funds easily to other accounts.
  • Earn a great interest rate of 4% p.a
  • Helps you build a savings history with us, which helps for any future loan applications.
  • You will be helping other members by contributing to our loan pool.