Interest Rates for Diocesan Agencies and other approved depositors

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 21 June 2024)


Interest rate

3 months

4 months

5 months

4.06 % p.a.

4.09 % p.a.

4.14 % p.a.

6 months

7 months

8 months

4.16 % p.a.

4.17 % p.a.

4.18 % p.a.

9 months

10 months

11 months

4.18 % p.a.

4.18 % p.a.

4.18 % p.a.

12 months

4.22 % p.a.

For investments $1M and over please call on 9390 5200.

Term Loans

Interest rate


Parish Loans

8.31% p.a.


School building and equipment loans

8.31% p.a.


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 July 2023 are:

Current Account

0.50% p.a.

Cash Management 

3.50% p.a.

For all enquiries please email 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 or by contacting the CDF on (02) 9390 5200. The CDF does not hold an Australian Financial Services Licence.