For Diocesan schools, parishes, other agencies, P & F groups and clergy, a product description and the interest rates applying to those products appear below.
Interest rates for church agencies
Term Deposits
Interest payment at maturity – minimum investment amount $10,000 to $999,999 (effective from 1 September 2025)
Term
|
Interest rate
|
Effective
|
|
1 month
2 months
3 months
4 months
5 months
|
0.50 % p.a.
0.50 % p.a.
3.40 % p.a.
3.40 % p.a.
3.39 % p.a.
|
27 June 2022
27 June 2022
1 September 2025
1 September 2025
1 September 2025
|
|
6 months
7 months
8 months
|
3.40 % p.a.
3.38 % p.a.
3.38 % p.a.
|
1 September 2025
1 September 2025
1 September 2025
|
|
9 months
10 months
11 months
|
3.37 % p.a.
3.36 % p.a.
3.35 % p.a.
|
1 September 2025
1 September 2025
1 September 2025
|
|
12 months
|
3.35 % p.a.
|
1 September 2025
|
For individual deposits of $1,000,000 and over - Rates vary from day to day and are available on request.
Term Loans
|
Interest rate
|
Date
|
|
Standard Variable Rate Loans
|
7.71% p.a.
|
1 December 2025
|
|
Loans subject to an Interest Subsidy (L43)
|
7.71% p.a.
|
1 December 2025
|
Overdrafts and Come & Go
|
Interest rate
|
Date
|
|
Arranged Overdraft and Come & Go
|
7.71% p.a.
|
1 December 2025
|
|
Debit Balances on Current & Cash Management Accounts
|
9.71% p.a.
|
1 December 2025
|
Priests Loans
|
Interest rate
|
Date
|
|
Car Loans (currently CDF has no loans in this category)
|
6.35% p.a.
|
1 September 2025
|
Savings Accounts for Schools, Parishes, Clergy and other Diocesan agencies
The CDF offers two types of savings accounts: a Current Account and a Cash Management Account to help clients manage Cash and improve returns on savings.
The Current Account is a transaction account to receive income, to pay suppliers and for general working capital needs.
The Cash Management Account is an on-call account paying a higher rate than the Current Account but generally lower than Term Deposits. It’s an account generally used for saving or for investing for periods of less than 3 months. You move funds in and out of this account to your Current Account online (electronically) via the CDF Online facility.
The interest rates effective from 1 September 2025 are:
|
Current Account
|
0.50% p.a.
|
|
Cash Management
Account
|
2.75% p.a.
|
For all enquiries please email enquiries@sydneycdf.org.au or phone (02) 9390 5200
Important disclosure
The Catholic Development Fund – Diocese of Broken Bay (CDF) is required by law to make the following disclosure. The CDF is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission. An investor in the CDF will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth). Investments in the CDF are intended to be a means for investors to support the charitable, religious and educational works of the Catholic Diocese of Broken Bay and for whom the consideration of profit are not of primary relevance in the investment decision. The investments that the CDF offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by Australian Securities and Investments Commission. Investors may be unable to get some or all of their money back when the investor expects or at all and any investment of the CDF are not comparable to investments with banks, finance companies or fund managers. The CDF’s identification statement may be viewed at www.dbb.org.au or by contacting the CDF on (02) 9390 5200. The CDF does not hold an Australian Financial Services Licence.