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Local residents of Cairns have known the benefit of small town banking for over 100 years. Still standing alongside Australia’s larger banks, Cairns Penny Savings & Loans provides you with a variety of savings options with comparable rates and fees and incomparable personable service.
At Cairns Penny Savings & Loans, they take the bank’s founders’ motto “Take care of the pennies and the pounds will take care of themselves” to heart by providing members with a number of options for storing their own pennies. You will find at call accounts to passively save for a rainy day, and competitive investment solutions that allow you to plan for your future. There is no savings goal too small or too big for Cairns Penny Savings & Loans to help you meet.
Cairns Penny Savings & Loans makes banking easy by providing members with the option of signing up for online banking. This free service will allow you to access your accounts from your home or work computer to make daily transactions and transfers.
Visit the Cairns Penny branch and a service representative will set up your internet banking platform for you and get you started on how to make use of the various features.
Your long term savings plans can also be taken care of by locking your money into a term deposit. For a minimum deposit of $1,000 you can invest for anywhere between one month and two years. With terms of longer than a year, you can also opt to have interest payments made with more frequency to help with your other monthly expenses.
Back to topFor all accounts, including applying for membership, you will need to visit the Cairns Penny Savings & Loans branch in order to complete an application. Bring with you photo ID along with your tax file number and personal details. You do need to be a resident of Australia with a residential address to open an account, but the age and deposit requirements will vary depending on the products you are interested in.
Learn more about how PayActiv's Earned Wage Access service can help you access up to $500 of your paycheque for a $5 fee charged fortnightly (only if you access your wage before payday).
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