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Transaction Accounts

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 There is nothing too complicated about our transaction accounts. 

 

General Transaction Account (S1)

The S1 Transaction Account is your main account. This account is automatically opened when you first join Heritage Isle Credit Union.

  • Simplified Fees
  • Online access
  • Funds available at call
View our interest rates

 

  More Info
Feature General Account
Cheque Facility Yes
Visa Debit Card Yes - (Conditions apply)
Passbook No
Overdraft facility - (subject to application and assessment) Yes (Conditions apply)
Statement Frequency - quarterly Yes
Direct Debit facility Yes
Direct Credit facility Yes
Bill Payment Service Yes
Internet/Mobile access Yes
Interest Payable No
   
   
This table is provided as a guide only. Terms and conditions are available on application or request.

Junior Saver Account (S2)

A special transaction account is available if you are under 18 years of age. This account receives a higher interest rate, to encourage savings as well as free incentive gifts, for those members under 16 years, when they reach various balance targets.

  • Free incentive gifts once you reach targets
  • Higher rate of interest
  • Online access
View our interest rates

0.50%pa
interest rate

  More Info
Feature Junior Account
Cheque Facility No
Visa Debit Card Yes (Conditions Apply)
Passbook Yes
Overdraft facility No
Interest Calculated on Minimum Monthly Balance Yes
Interest Payable Yes
Tiered Interest Rates Apply No
Statement Frequency - Quarterly Yes
Direct Debit facility Yes
Direct Credit facility Yes
Bill Payment Service Yes
Internet/Mobile access Yes
This table is provided as a guide only. Terms and conditions are available on application or request.
 

Christmas Club Account (S5)

Whilst Christmas is a wonderful time to enjoy with family and friends it also brings with it considerable financial pressure. A modest allocation each week can mean your Christmas expenses are well and truly covered. This account is is "locked" to withdrawals between 1st February and 31st October each year.

  • No transaction fees
  • No monthly service fees
  • Great interest rates
View our interest rates

 1.45%pa
interest rate

  More Info
Feature Christmas Club Account
Cheque Facility No
Visa Debit Card No
Passbook No
Overdraft facility No
Statement Frequency - Quarterly Yes
Interest Calculated on Minimum Monthly Balance Yes
Interest Payable Yes
Tiered Interest Rates Apply No
Bill Payment Service Yes
Direct Debit facility No
Direct Credit facility Yes
Internet/Mobile access Yes
This table is provided as a guide only. Terms and conditions are available on application or request.
 

Budget Savings Account (S6)

This account, attracts no credit interest, and can be utilised as a deduction savings account for specific period payments. This assists in budgeting for your normal monthly payments like your electricity bill.

  • No credit interest
  • Assists with budgeting for monthly payments
  • No account keeping fee
  • No ATM access to avoid temptation
View our interest rates

 

  More Info
Feature Budget Account
Cheque Facility No
Visa Debit Card No
Passbook No
Overdraft facility No
Bill Payment Service Yes
Interest Calculated on Minimum Monthly Balance No
Interest Payable No
Tiered Interest Rates Apply No
Statement Frequency - Quarterly Yes
Direct Debit facility Yes
Direct Credit facility Yes
Internet/Mobile access Yes
This table is provided as a guide only. Terms and conditions are available on application or request.
 

Investment at Call Account (S8)

The account is intended to encourage members to save by providing a higher interest rate than your General Transaction Account.1

  • Online access
  • Higher rate of interest
  • Funds available at call
  • No ATM access to avoid temptation
View our interest rates

Up to 1.35%pa
interest rate

  More Info
Feature Investment on Call Account
Cheque Facility No
Visa Debit Card No
Passbook No
Overdraft facility No
Bill Payment Service Yes (Conditions apply)
Interest Calculated on Minimum Daily Balance Yes
Interest Payable Yes
Tiered Interest Rates Apply Yes
Statement Frequency - Quarterly Yes
Direct Debit facility Yes (Conditions apply)
Direct Credit facility Yes
   
This table is provided as a guide only. Terms and conditions are available on application or request.
 

Planned Savings Account (S10)

This account is a Special Purpose account to fulfil a particular savings need (such as travel) or to fund any expense (to pay your regular bills)

  • No account keeping fees
  • Online access
  • No ATM access to avoid temptation
View our interest rates

 

  More Info
Feature Planned Savings Account
Cheque Facility No
Visa Debit Card No
Passbook No
Overdraft facility No
Bill Payment Service Yes
Interest Calculated on Minimum Monthly Balance No
Interest Payable No
Tiered Interest Rates Apply No
Statement Frequency - Quarterly Yes
Direct Debit facility Yes
Direct Credit facility Yes
   
This table is provided as a guide only. Terms and conditions are available on application or request.
 
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Questions? 

If you have any questions, please contact us

1.The right to earn the published higher rates is dependent on a number of factors which are set out in the Terms and Conditions for these products.