Rates

 

AN INVESTMENT IN KNOWLEDGE, PAYS THE BEST INTEREST

Benjamin Franklin

 

Generational wealth is built, when expenses are contained and income is increased.

 

One of the biggest expenses that destroys wealth, is interest on loans. When economic activity and return does not exceed the cost of capital, then poverty will be the end result. For this and other reasons, the idea of the use of interest free loans to settle debt and acquire income producing assets are promoted to members.

 

Not all members wish to borrow. For members who wish to save, we have developed a range of savings products, where we aim to give a return that is above inflation.

 

Current rates of interest

 
Loans

 

Loanlink Share Loan 0%

 

SuperSave Loan 13.00% (variable)

Group Loans 0% and interest bearing

 

Savings

 

 

32 Day Notice Account 6.05%

 

6 Month Fixed Deposit  7.00%

 

12 Month Fixed Deposit 7.40%

 

24 Month Fixed Deposit 7.25%

 

* Rates effective: 18 July 2019

  Nominal interest rates are quoted

P2P Products

 

 

A Grade Transaction:

Investor  7.75%

Borrower 9.00%

 

B Grade Transaction:

Investor  10.00%

Borrower 12.00%

 

C Grade Transaction:

Investor  14.00%

Borrower 18.00%

 

© GIG Financial Services Co-Operative Ltd 2015/002508/24