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Community Sector Banking Social Investment Deposit Account

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Boost your savings balance with 0.5% p.a. interest and support a wide range of worthwhile community initiatives at the same time.

The Social Investment Deposit Account from Community Sector Banking is a deposit account with a difference. It offers all of the features you’d expect from an ordinary savings account, including a competitive variable rate of 0.5% p.a. easy access to your funds and the chance to have up to $0 worth of transaction fees refunded each month. However, it also allows you to support social projects and community organisations around Australia.

0.5% p.a.

Maximum variable rate

0.5% p.a.

Base interest rate

$1

Minimum opening balance

Details

Product NameCommunity Sector Banking Social Investment Deposit Account
Maximum Variable Rate0.5% p.a.
Standard Variable Rate0.50%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$1

Expert review

Alison Banney

Review by


Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

Community Sector Banking donates 50% of its profits from Social Investment Deposit Accounts to a wide range of not-for-profit projects and programs through its Social Investment Grants Program. You can also choose to donate 0%, 50% or 100% of the interest paid on your account to this program.

Key features

Variable rate of 0.5% p.a.

The Community Sector Banking Social Investment Deposit Account offers a competitive variable interest rate of 0.5% p.a. Interest is calculated daily and paid into your account monthly.

Funds available at call

You can access the money in your account at any time. This allows you to deposit and withdraw funds whenever you need.

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How to apply

If you'd like to apply for a Community Sector Banking Social Investment Deposit Account, click one of the "Apply now" links on this page. This will take you directly to the Community Sector Banking website where you can find an account application form. Download and complete this form before returning it to Community Sector Banking by post.

Eligibility

The Community Sector Banking Social Investment Deposit Account is available to individuals and the following organisations: Australian and foreign companies, government bodies, partnerships, incorporated associations, unincorporated associations, co-operatives, trusts, super funds and sole traders.

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