Credit Union SA: Supporting South Australians with their banking
Credit Union SA pays no dividends to shareholders, instead using profits to keep interest rates and fees low.
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Key takeaways
- Credit Union SA is member-owned, often leading to lower fees and competitive rates for customers.
- It has one branch, in Adelaide, so members elsewhere mostly bank online, through the app, by phone or at Bank@Post.
- The Netsave Account offers a 5.65% introductory rate.
Credit Union SA savings accounts, bank accounts and term deposits
Credit Union SA savings accounts
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Credit Union SA bank accounts
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Credit Union SA term deposits
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What are the pros and cons of banking with Credit Union SA?
Pros
- Owned by its members. Credit Union SA is owned by its members instead of shareholders. All profits are poured back into the institution to keep fees and rates low.
- Internet and mobile banking. Members can use Internet Banking and the Credit Union SA Mobile Banking App for Apple and Android devices to pay bills with BPAY, transfer money, lock a lost or stolen card, change their PIN and open a new savings account or term deposit. Two-factor authentication, including the optional VIP Security token, adds an extra layer of security.
- Varied portfolio of products. Much like a traditional bank, Credit Union SA offers a full range of banking products, from savings accounts and home loans to insurance and financial planning.
- Low fees. Members pay low - sometimes zero - transaction and monthly fees. Depending on the account type, fees are waived for students and seniors.
- Benefits for the education community. Current and retired employees of the South Australian education community, education students and their immediate family can access Credit Union SA's Knowledge Counts banking benefits.
- Savings for children and young adults. This account pays bonus interest at the end of the month when there’s been at least one deposit and no withdrawals.
Cons
- One branch. Credit Union SA has a single branch, its Member Experience Centre at 400 King William Street, Adelaide. If you live elsewhere, you'll need to bank online, through the app, by phone or at a Bank@Post outlet.
How to apply for Credit Union SA savings account
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
To join Credit Union SA, complete its online membership application and verify your identity. You can also apply in person at 400 King William Street, Adelaide, book an appointment with one of its mobile managers or call 13 8777 to have a form posted to you.
How to contact Credit Union SA
- Phone: 13 8777, or +61 8 8318 0777 from overseas
- Branch: Member Experience Centre, 400 King William Street, Adelaide
- Online: Web Chat, Secure Mail in Internet Banking or the online enquiry form
- Mail: Customer Relations, Credit Union SA, GPO Box 699, Adelaide SA 5001
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How can I open a term deposit
Hi Keith,
You can open a term deposit by completing the online application form on the bank’s website.
Thanks,
Alison
we looking for buy a house(the first house). What we doing for a low interest rate.
Hi Con,
Thanks for your question.
Regarding your question, you may benefit from reading our guide about first home buyer tips. Alternatively, we also have a list of cheap home loans, which offers lower interest rate.
Aside from checking our pages, you may also talk to a mortgage broker. A mortgage broker is a professional who compares and helps you apply for home loans on your behalf. A good mortgage broker will give you personalised service all the way through to settlement.
I hope this helps.
Cheers,
Danielle