Rates and Fees

Bank Accounts

First Credit Union does not charge account fees.

Interest Rates


Everyday Account

0.05% p.a.

Special Purpose Account

0.05% p.a.

Bill Payment Account

0.05% p.a.

Travel Account

0.75% p.a.

Expense Account

0.05% p.a.

Loan Provider Account

1.00% p.a.

Christmas Club Account

0.75% p.a.

Online Savings Account

0.75% p.a

Money Maker Account (Tiered)


$0 - $999

0.25% p.a.

$1,000 - $4,999

0.50% p.a

$5,000 +

0.75% p.a

Jimmy Jumper Account

0.75% p.a

Teen Account

0.75% p.a.

Youth Account

0.75% p.a.


Account Fees


All deposits (direct credit, automatic payment, cash or cheque)




Cash withdrawal at the counter



Automatic payments, Direct Debits, Bill Payments


Per transaction


To set up an automatic payment, direct debit or bill payment




To any other First Credit Union account


To any bank account in NZ


Service Fees

Account management or monthly base fee


Phone/Internet Banking access (per month)


Overdraft management fee (per month)


Cash handling fee


Disputed transaction


Foreign Cheque Fee


Note: Fees are charged at the end of each day.

Personal Loans

Our normal floating rates range from 9.95% p.a variable to a maximum of 18.00% p.a variable. Your interest rate depends on the amount borrowed, your personal circumstances and credit history. The interest rate and repayment amount remain the same for the life of the loan with no early repayment fee.

First Credit Union does not charge any application fees.

* Lending criteria apply. 

Term Investments



3 Months

0.85% p.a

6 Months

1.40% p.a

9 Months

1.40% p.a

12 Months

1.45% p.a.

18 Months

1.50% p.a.

24 Months

1.55% p.a.

Minimum deposit of $500. Interest rates are quoted per annum, and are subject to change without notice.

Early withdrawal - If the Credit Union believes you have suffered real financial hardship, it has a discretion to allow you to withdraw your term account investment early. In these circumstances the interest rate may be adjusted to the nearest shortest-term deposit period prior to your early repayment request and/or an early withdrawal fee may be charged.

After a longer term for your deposit? Give us a call or visit your nearest branch.

Mastercard Debit Card

Card Fees

New or replacement card fee $15 per card
Admin Fee $5 six monthly


Transaction Fees (per transaction)

Cash withdrawal Bank ATM $2
Enquiries and declines Bank ATM $2



Eftpos charges, including contactless technology* $0.25


International Transactions (including online purchases)

ATM (per transaction)** $9.00***
Eftpos transactions including contactless $0.80

Foreign currency fee (of the NZ amount)


Disputed transaction $50

*Some merchants may apply a charge for using contactless technology or for internet transactions; it is a merchant responsibility to notify you of any additional charges at the time of sale. These are usually added to purchase price.

**Some ATMs may also apply a surcharge to withdrawals from their ATMs. This should be drawn to your attention before you proceed with your transaction. This surcharge amount will be added to your withdrawal amount, converted to New Zealand dollars (if required) and debited to your account with your withdrawal.

***Includes settlement and ATM interchange fees.

Home Loans



5.85% p.a



1 Year Fixed

 2 Year Fixed


(Less than 80% LVR)

2.95% p.a

3.45% p.a


(Greater than 80% LVR)

3.45% p.a

3.95% p.a


First Credit Union does not charge any application fees on our Home Loans.

Lending criteria apply.

Collection/Debt Recovery
Equifax Lodgement $25.00
Arrears Letter $10.00
Notice of arrears letter $20.00
First Credit Union field visit $20.00
Pre-possession notice fee $30.00
Repossession fee $50.00
Post possession notice $25.00
Statement after sale fee notice $25.00
Final notice fee $20.00
Non Standard Fees

The following fees may be charged

Alter an existing automatic payment $5.00
Automatic Payment- per cancellation $3.00
Dishonoured outgoing bill or automatic payment $15.00
Dishonoured direct debit (inward and outward) $10.00
Direct Credit Recovery $50.00
Stopped Cheque (per cheque) $25.00
Stopped cheque presented (per reversal) $25.00
Dormant account fee (per year)* $100.00
Overdraft Establishment $5.00
Overdraft Redraw $5.00
Overdraft (Unarranged) $10.00
Fixed term/ reducing overdraft application $20.00
Statement request $2.00
Request to have statement faxed $5.00
Transaction search fee (per hour) $25.00
Reversal of payment made (TBF) $15.00
Loan Provider early withdrawal fee $20.00
S8 Online Savings Account- staff assisted withdrawals or transfers (one free transaction per month)


S10 Money Maker Account- staff assisted withdrawals or transfers (one free transaction per month)


 *Dormant Account Fee is fully refundable