Our products

Investments

"Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible." ~ Francis of Assisi 

If you have funds to invest without the need for immediate availability, our Fixed Term Investment is an option for you to consider. Withdrawals are available on the maturity date, with the cleared funds accessible in your bank account the following morning. 

  • Interest guaranteed for investment term
  • Add funds at maturity via your internet banking or let us do it for you via direct debit
  • $250 minimum opening balance
  • Withdrawals can be made at maturity making the funds available about once a month
  • Interest calculated daily, credited at maturity
  • Automatically rolled over for 31 days at maturity - unless alternative instructions given prior to maturity
  • No fees or charges

You will receive a certificate detailing your investment including maturity date.

Chaplaincy Fund

The Chaplaincy Fund allows investors to support the Christ-inspired care and compassion that Churches of Christ in Queensland chaplains provide to vulnerable people at different stages of their life journey. Our chaplaincy work is spread across our entire organisation.

Chaplaincy fund - term investment

  • Term of Investment - 4 month term currently available.
  • Interest paid at maturity.
  • Minimum balance $3,000
  • Interest paid at maturity and option to donate portion/all interest to Churches of Christ in Queensland to fund our chaplaincy work - a tax deductible receipt will be issued.
  • Donation of principal is also possible at maturity and again, a tax deductible receipt will be issued.
  • Unsecured but covered by assets of Churches of Christ in Queensland.
  • A certificate will be issued detailing your investment upon successful application and on each renewal.

Funeral Assistance Plan

Flexibility is the key

Unlike many funeral plans offered by funeral organisations, our plan is fully portable. This means that you or your family are free to choose any funeral director and services no matter where you are currently living.  Hence, you are able to plan for the funeral you wish for, regardless of where you are living when the time comes and what changes you may wish for in the future.

  • You can contribute to the plan by lump sum or progressive credits (EASY SAVE) as your funds allow to help you prepare for this event
  • The funds in your Funeral Assistance Plan are exempt from Centrelink and Veteran’s Affairs income and asset tests provided you have no other funeral plan including a prepaid funeral account
  • Interest calculated daily, capitalised annually in June and December
  • Statements are issued after interest is paid
  • Interest earned is exempt from deeming and income tax because the funds are only released after death to cover funeral expenses*
  • Any balance remaining will be paid to your estate
  • CDF can communicate directly with the funeral director for payment of the invoice. Funds are released promptly, once the simple requirements are met
  • The amount invested must not exceed the Funeral Bond Allowable Limit, as indexed in line with CPI pension increases every 1 July. * The amount of the Funeral Bond Allowable Limit is available at humanservices.gov.au or by contacting CDF
  • There are no fees or charges of any type, so your balance is always growing
  • The Funderal Assistance Plan gives you a unique opportunity to have positive input into your funeral arrangements, while easing the financial burden on your loved ones

Kindly note that you need to be certain that the CDF Funeral Assistance Plan is right for you and you are committed to setting aside these funds, as you will not be able to access them prior to your death.

*Subject to legislation. Current at time of writing.

Long Service Leave Provision accounts

Long Service Leave (LSL) Provision Savings Account

Benefiting the employer:

The LSL Provision Savings Account is a savings account available to employers/churches affiliated with Churches of Christ in Qld (CofCQ) for LSL purposes for paid employees. The account is held by the CofCQ employer and designated with the employee’s name, e.g. “Church Name” CofC (“Employee Name” LSL Provision).

Benefiting the employee:

Funds may be available for long service like leave even when not eligible under the legislation, protecting employees from burnout.  A minister/chaplain/employee could work within CofCQ for many years and not trigger the payment point for long service leave under the legislation, if that person moves between CofCQ employers, which is often the case. The account will follow with each move the employee makes.  More information follows:

  • Savings account for LSL
  • Beneficial for employers and employees
  • Some *portability between CofCQ employers/entities
  • Statements issued to employer & employee
  • Contribution notice reminders are sent annually
  • Funds available at call, after the waiting period
  • Interest calculated daily, capitalised biannually June and December
  • No fees or charges

*Kindly note: If LSL obligations are triggered under the legislation, the LSL obligation must be paid at termination. If continuing employment within CofCQ, the account with the remaining funds is transferred to the next employer.

 

Church loans

Church Loans are primarily focused on assisting the growth of our churches. Churches of Christ churches can apply for a basic loan or a detailed loan.

The basic loan is:

  • capped at $10,000
  • repayable over a maximum of three years
  • current fixed interest rate of 4.00% per annum
  • weekly repayments are possible – $68.05 weekly repayment based on above-mentioned criteria

The detailed loan can be useful for funding new buildings, extensions and renovations to existing buildings, church planting, equipment purchases and more. The maximum period for this loan is fifteen years.

Loan features include:

  • Customised repayment plan to suit your needs
  • No penalty for early repayment
  • Repayments via direct debit or internet banking
  • Competitive interest rates calculated daily, charged monthly
  • Monthly statements
  • No fees or charges

How do I apply for a loan?  Please contact us to discuss your needs. We can provide the relevant application forms as well as answer any questions you may have. 

 

 

 

 

Interest rates

Current at 20 September 2021

(subject to change at discretion of CDF)
 

Foundation Building Fund – term investment

Term $5,000 & above     Interest frequency
13 months 1.24%pa     paid at maturity
23 months 1.42%pa     paid annually and at maturity
 

Christmas Club Investment 

•    1.00%pa
Interest paid monthly. 
Funds released first Wednesday in November.  In time for Christmas spending

Fixed Term Investment

Term $250 to $24,999     $25,000 & above
31 days- 0.35%pa     0.40%pa
auto rollover        
2 months 0.20%pa     0.25%pa
3 months 0.50%pa     0.55%pa
6 months 0.65%pa     0.70%pa
9 months 0.20%pa     0.25%pa
12 months 0.80%pa     0.85%pa

(Interest paid at maturity on all above terms)

24 months 0.80%pa     0.85%pa

(Interest paid annually on 24 months)

 

Chaplaincy fund

(minimum balance $3,000)

4 months 0.60%pa
(Interest paid at maturity)  

 

 

 N31

(Minimum balance $250 )

  • 0.40%pa
  • 31 days' notice must be given for withdrawals

Funeral Assistance Plan

  • 0.80%pa

At Call

(Churches of Christ churches and affiliates including paid staff only)

  • 0.10%pa

Growth at Call

Standard rate 0.10%pa  
Bonus rate 0.25%pa if no withdrawals in the month
Additional 0.05%pa if minimum $500 credit in the month - no withdrawals.
Maximum rate of 0.50%pa five months of minimum credits - no withdrawals.

 

Long Service Leave Provision

(Churches of Christ in Queensland employers only)

  • 0.65%pa

Interest paid end June and December

Contribution notice reminder sent in March

 

Please read the fine print before making your decision.