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.
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Current rates of interest
Savings
32 Day Notice Account 6.65%
GIG Investment Account 6.65%
6 Month Fixed Deposit 7.39%
12 Month Fixed Deposit 7.92%
24 Month Fixed Deposit 8.25%
* Rates effective: 31 October 2025
Nominal interest rates are quoted
Please note that GIG Coop Bank Interest bearing deposits are covered under the Codi Scheme.
P2P Products
P2P Products allow members with a surplus to fund fellow-members loans on a peer to peer basis.
This creates a win-win situation for the investor/funder and borrower.