|

Additional Information
Anglican Community Fund (Inc) is not authorised under the Banking Act and
is not supervised by APRA; and the investment will not be covered by depositor
protection provisions in section 13A of the Banking Act. Anglican Community
Fund (Inc) is designed for investors who wish to support the activities of
the Anglican community and for whom profit may not be the primary consideration.
Unless advised otherwise, Anglican Community Fund (Inc) will deem all deposits
lodged by more than one person to be joint deposits and, in the event of
death of one joint investor, will deem the survivor to have title to the
deposit. For all other deposits, in the event of death of an investor, Anglican
Community Fund (Inc) will recognise the executor, administrator or personal
representative or the depositor's estate, after satisfactory evidence to
that effect has been provided, as the person(s) authorised to administer
the deposit. Otherwise, deposits are not transferable.
Savings / Cheque Accounts
Interest rates may vary without notice. Interest is paid on daily balances
at the end of each calendar month / quarter depending on the account type.
Term Deposit / Certificates
The interest rate is fixed for the term of the deposit. Anglican Community
Fund (Inc) may agree to early repayment of a deposit in exceptional circumstances,
in which case an interest penalty may apply. We reserve the right to repay
any or all deposits together with any accrued interest after giving two months
notice of our intention to do so to investors. Notices of maturity of term
deposits are sent to depositors prior to maturity. Unless instructed otherwise,
we will renew the deposit for a similar period on terms and conditions then
applicable.
|