Rates and fees

Free services

  • Retirement saver, Jimmy J junior saver and Bfree youth - these accounts when held by superannuitants, under 11-year-olds and under 18-year-olds (respectively) are exempt from account management fees.
  • Account management fees don't apply to: Christmas saver, Online saver, Success saver, and Loyalty saver.
  • Bfree youth - Transactions are free up to the value of $15 (excludes txt banking) normal transaction fees then apply.
  • All deposits into NZCU Baywide accounts.
  • Internal transfers between NZCU Baywide accounts using automatic payments and telephone and internet banking.
  • Access to balances, transfer and recent transactions via internet and telephone banking.
  • 6 monthly paper statements (March and September) and email statements.
  • Line of credit and overdraft statements.
  • Over-the-counter cash withdrawals (except where internal ATM is available).
  • Credit Union AccessCash ATMs.
  • Set up online bill payments.
  • No sign up or monthly fee for AccessPhone, AccessWeb or AccessMobile
  • It is free to download and use the AccessMobile app; however usual mobile data costs and standard internet banking transaction and service charges will apply.
  • Certain account fees are also free, as detailed below.

Fee rebate scheme

NZCU Baywide's customer fee rebate program rewards customers who use our products and services and conduct their financial affairs with NZCU Baywide; the more support you give NZCU Baywide the more free transactions you will receive each month.

 

Total value of relationship Monthly rebate
$0 - $1,500 $0
$1,501 - $5,000 $2
$5,001 - $10,000 $4
$10,001 - $20,000 $8
$20,001 - $30,000 $10
$30,001 - $40,000 $12
$40,001 - $50,000 $25
$50,001 + $50
Home loan borrowers $50
Bfree account holders $15*

 

The monthly rebate is calculated based on the total value of your relationship, which is the combined minimum monthly balance of your savings, term investment, overdraft and loan accounts with NZCU Baywide (per customer number). Each month the rebate will be offset against the transaction fees and account management fee (on your Everyday account) charged in that month. Any credit cannot be carried forward to the following month. Note that rebates only apply against transaction fees and your Everyday account management fee. All other fees will apply and cannot be offset under the fee rebate scheme.

*text banking fees not rebated

Savings

Success saver
Up to $4,999 1.25% p.a.
$5,000 to $19,999 1.50% p.a.
$20,000 to $99,999 1.75% p.a.
$100,000 and over 2.00% p.a.

 

> One free withdrawal per month.

> Maximum deposit $1 million per member.

> Interest rates quoted apply to the whole account balance.

> Interest calculated on the minimum daily balance and paid monthly.

> Interest rates are indicative only and may be subject to change without notice.

 

Online saver 
$1,000 to $19,999 2.50% p.a.
$20,000 and over 3.15% p.a.

 

> Access via internet banking only.

> Maximum deposit $1 million per member.

> Interest rates quoted apply to the whole account balance.

> Interest calculated on the minimum daily balance and paid monthly.

> Interest rates are indicative only and may be subject to change without notice.

 

Retirement saver 
Interest 1.50% p.a.
Bonus interest - paid in December if there has been no withdrawal during the preceding 12 months 0.50% p.a.

 

> Maximum deposit $1 million per member.

> Interest calculated on the minimum daily balance and paid monthly.

> Interest rates are indicative only and may be subject to change without notice.

 

Goal saver 
Interest 1.25% p.a.

 

> Maximum deposit $1 million per member.

Interest rates quoted apply to the whole account balance.

Interest rates are indicative only and may be subject to change without notice.

 

Loyalty saver 
Interest 1.00% p.a.

 

> Maximum deposit $1 million per member.

Interest rates quoted apply to the whole account balance.

Interest rates are indicative only and may be subject to change without notice.

 

Christmas saver 
Interest 1.50% p.a.

 

> Maximum deposit $1 million per member.

Interest rates quoted apply to the whole account balance.

> Interest rates are indicative only and may be subject to change without notice.

 

Jimmy J junior saver (ages 0-10 yrs)
Interest 1.75% p.a.

 

> Maximum deposit $1 million per member.

> Interest rates quoted apply to the whole account balance.

Interest rates are indicative only and may be subject to change without notice.

 

MU Saver 
Up to $2,999 1.00% p.a.
$3,000 to $49,999 1.25% p.a.
$50,000 and over 1.75% p.a.

 

> MU saver account is restricted to existing MU Saver account holders only.

> Maximum deposit $1 million per member.

> Interest rates quoted apply to the whole account balance.

> Interest rates are indicative only and may be subject to change without notice.

Account fees 
$2 per month Goal saver account management fee
Free (one per month) Success saver withdrawal or transfer fee
$5 per withdrawal Success saver withdrawal or transfer fee (after initial free withdrawal or transfer)
Free Christmas saver withdrawal fee (applies 1 Nov - 31 Jan)
$10 per withdrawal Christmas saver withdrawal fee (applies 1 Feb - 31 Oct)
$10 per withdrawal Loyalty saver withdrawal fee
Free ( one per annum) Retirement saver withdrawal fee (prior to 60 years of age)
Up to 5% of sum withdrawn (min. $30) Retirement saver withdrawal fee (under 60 years of age and after initial free withdrawal)
Free Retirement saver withdrawal fee (Over 60 years of age, terminally ill, permanently incapacitates or emigrating)
Transaction fees 
$1 per transaction Transfers between accounts using an operator
Free Transfers between accounts using Accessphone, Accessweb or Accessmobile (excludes charges from your phone provider)
Statements 
$0.95 per month Monthly paper statements 
$2 Interim statements (per page)
$2 Replacement statements (per page)
Automatic payment (AP) & Direct Debit (DD)
$5 Reverse AP (prior to transfer)
FREE Internal AP (between NZCUB accounts)
Dishonoured payments
$10 Inwards (dishonoured by bank)
$12 Outwards (dishonoured by NZCUB)
$5 Rejected external APs (first is free)

 

 

Transaction accounts

Everyday account
Interest 0.50% p.a.

 

Bill pay
Interest 0.00% p.a.

 

Bfree youth (ages 11-17yrs)
Interest 1.50% p.a.

 

> Maximum deposit $1 million per member.

> Interest rates quoted apply to the whole account balance.

> Everyday account: Interest is calculated on the minimum monthly balance and paid monthly.

> Bfree youth account: Interest is calculated on the minimum daily balance and paid monthly.

> Interest rates are indicative only and may be subject to change without notice

Account fees 
$2 per month Everyday account and Bill pay account management fee
The above management fee transactions will be charged fees prior to the fee rebate being applied.
Transaction fees 
$0.30 per transaction Withdrawal fee for Eftpos, automatic payment, bill payment, direct debit, branch cheque, personal cheque, external bank transfers, cash (where internal ATM is available).
$1 per transaction Transfers between accounts using an operator (there is no charge for AccessPhone, AccessWeb or AccessMobile transfers)
Service fees
$0.50 AccessTxt per transaction including enquiries (excludes charges from your phone provider)
Statements 
$0.95 per month Monthly paper statements
$2 Interim statements (per page)
$2 Replacement statements (per page)
Automatic Payment (AP) and Direct Debit (DD)
$4 Set up using an operator (online is free)
$3.50 Amend
$5 Reverse AP (prior to transfer)
FREE Internal AP (between CU accounts)
Dishonoured payments
$10 Inwards (dishonoured by bank)
$12 Outwards (dishonoured by Credit Union)
$5 Rejected external APs (first is free)
Cheque services
$25 Stopped cheque (per cheque)
$25 Special answers (per cheque deposit)
$10 Bank cheque (issued by Westpac)
Transaction enquiries
$50 Per hour (min charge $10) - Transaction search and card enquiries
Bank branch transactions
Some limited services are provided to customers via Westpac branches as follows:
$2.50 Deposit at bank
$0.25 Cash handling at bank (per $100 or part therof)
Dormant accounts
$20 Dormant account fee (per year)
If a customer account is inactive for more than 1 year and the customer cannot be located this account is treated as dormant and a fee of $20 is charged for the transfer to dormancy and each subsequent year of inactivity. Reasonable action is taken to contact customers affected to reactivate their account.

 

Apply now

Eftpos/debit cards

Transaction fees  
FREE Credit Union AccessCash ATMs
$0.30 per transaction Eftpos
$1 per transaction (including enquiry, decline, withdrawal and transfer) Other ATMs (not AccessCash)
The above transaction fees will each be charged prior to the fee rebate being applied.
Overseas transactions
NZ$7 Overseas ATM transaction
NZ$0.80 Overseas Eftpos transaction
1.10% AccessCard multi currency conversion fee (applied at the prevailing buy rate by Mastercard®)
2.25% AccessDebit foreign currency fee (on the NZ$ value of the transaction)
The above transaction fees will be charged prior to the fee rebate being applied.
Service fees
Free First AccessCard (incl joint)
$5 each Second and third AccessCard
$10 Each AccessCard thereafter
$10 AccessDebit new/replacement card
$1 per card per month AccessDebit administration fee

Personal loans

 

Personal loan rates

Our interest rates for personal finance loans are priced using a risk matrix that takes into consideration a range of factors including your credit score and affordability. Based on the assessment of your financial information provided we will assign a risk grade and the corresponding interest rate could apply.

 

Secured personal loan rates
Risk grade Orange Yellow Green Blue
Interest rate %p.a. 8.90% 13.90% 17.90% 21.90%

 

 > NB: 8.9% p.a. secured personal loan rate is a special offer only available for a limited time. Our usual minimum secured personal loan rate is 9.9% p.a.

 

Unsecured personal loan rates
Risk grade Orange Yellow Green Blue
Interest rate %p.a. 11.90% 15.90% 19.90% 23.90%

 

> These are indicative unsecured personal loan rates only and may be subject to change without notice.

 

Personal loan fees

$200 Personal loan - approval
Free Personal loan (where fully secured by shares) - approval
$5 Personal loan - redraw (available if the loan is in advance of loan repayments*)
$50 Prepare mortgage/caveat discharge forms

 

Personal loan collection fees

$50 Loan letter (2nd and subsequent)
$50 Repossession warning notice administration
$100 Repossession warrant administration
$200 Notice of proceedings administration
$100 Field agent visit
$20 Late payment fee

 

Other charges

Where NZCU Baywide incurs a charge from another organisation when acting on a customer’s behalf including credit checks, legal costs and disbursements or costs associated with the registration of securities, NZCU Baywide will pass these costs on to the customer. Due to the nature of these charges the exact cost will not be known until the time of application. If you would like further information about these possible charges please contact us on 0800 229 943.

Apply now

Home loans

Floating  
Floating 5.95% p.a.
Fixed  
6 months 5.35% p.a.
12 months 4.99% p.a.
18 months 5.25% p.a.
24 months 5.25% p.a.

 

> Other rates may apply depending on your personal circumstances and level of equity.
> Interest rates are indicative only and may be subject to change without notice.

Home loan fees

Up to $350 Home loan - approval
$250 plus any costs Home loan - early repayment of a fixed term loan
$50 Prepare mortgage/caveat discharge forms
$10 Overdue insurance premium administration
$50 Overdue rates administration

 

Home loan collection fees

$50 Loan letter (2nd and subsequent)
$200 Notice of proceedings administration
$350 Property law notice administration
$100 Field agent visit
$20 Late payment fee

 

Other charges

Where the Credit Union incurs a charge from another organisation when acting on a customer’s behalf including credit checks, legal costs and disbursements or costs associated with the registration of securities, the Credit Union will pass these costs on to the customer. Due to the nature of these charges the exact cost will not be known until the time of application. If you would like further information about these possible charges please contact us on 0800 229 943.

Enquire now

Overdraft

Overdraft type Interest rate
Unsecured 19.90% p.a.

 

> These are indicative rates only and may be subject to change without notice.

Overdraft fees

$50 Approval
$5 Monthly service fee
$10 per transaction Unauthorised overdraft

 

Enquire now

Line of credit

Loan type Interest rate
Secured line of credit from 9.90% p.a.
Unsecured line of credit from 11.90% p.a.

 

> These are indicative rates only and may be subject to change without notice.

Line of credit fees

$200

Line of credit - approval

$5

Line of credit - drawdown

Free

Line of credit (where fully secured by shares) - drawdown

Term deposits

Term Interest rate
1-2 months 1.50% p.a.
3-4 months 3.20% p.a.
5 months 3.50% p.a.
6 months 3.80% p.a.
9 months 3.85% p.a.
12 months 4.00% p.a.
18 months 4.05% p.a.
24 months 4.10% p.a.
36 months 4.15% p.a.
48 months 4.20% p.a.
60 months 4.30% p.a.

 

> Interest is calculated on a daily basis.

> Investors are advised of their options prior to maturity.

> Maximum deposit $1 million per member.

> Minimum deposit is $1,000 for adults and $500 for children under 18 years old.

> These are indicative rates only and may be subject to change without notice.

> Where a term deposit is withdrawn prior to the maturity date, the applicable interest rate will be reduced by up to 2%. The applicable interest rate will not reduce below 0%.

  

Apply now

 

Credit Union Baywide shares are secured by a first ranking security of NZCU Baywide's assets.

The current Credit Risk Statement, Product Disclosure Statement and other disclosure statements are available here or from any of our branches.
Phone: 0800 229 943 or (06) 873 1100
Email: enquiries@nzcubaywide.co.nz