Bananacoast Deeming Account

The Bananacoast Community Credit Union is well aware that individuals and small business owners find it hard to get approved for a loan, which is why the savings accounts that they offer are tailored to meet the specific financial needs of their clients minus the hassle.

Bananacoast Community Credit Union offers a savings account option called Deeming Account, which is designed to comply with the deeming regulations of the Federal Government. This savings account type is available to members who are eligible to receive the Veteran Affairs Pension or Centrelink Pension. Self-funded retirees above 55 years old can also apply for a Bananacoast Community Credit Union Deeming Account.

The Deeming Account is offered by the credit union without a maintaining balance, Funds Availability at call, and an annual tiered interest rate that is subjected to daily calculations. The Deeming Account also comes with a statement to help account holders keep track of their savings or expenses.

The Bananacoast Community Credit Union also gives Deeming Account holders the opportunity to enjoy many other convenient banking services, such as cheque facility, overdraft facility, free sub accounts, periodical payments, ATM Access Card, over the counter deposits, direct credit/debit, BPAY, phone banking (local call), and Internet banking (free).