Government Guarantee

Deposits with the LACC are guaranteed by the Australian Government.

We are regulated by the Australian Prudential Regulation Authority "APRA" under the same regulatory framework that banks are regulated.

Short Term (CURRENT DEPOSITS)

 The following common characteristics apply to all Current Deposits: 

• Deposits and withdrawals can be made at any time 
• Interest (except on Interest Off-set Deposits) is calculated daily and added to the account annually 
• The accounts can have a Cheque Book facility with no Fees 
• The accounts can have a Debit Card (Cuecard) facility 
• There are no Account keeping FEES 

           Deposit Pass Book Accounts

 Cheque Accounts

 These are like Deposit Pass Book Accounts but with a personalised Cheque Book issued for your use.

 Deposit Deeming Accounts

 These accounts are available to recipients of payments under Social Security Act 1991.

 Interest Off-set Accounts

 Available to members with our Housing Loan Account to which this Account is linked and provide for a 100% Rate off-set with a Rebate to the linked Loan Account. Monthly Statements are issued for these Accounts.
 

Fixed Term Deposits

Terms of 30 Days to 24 Months 

Deposits of $500.00 or more are accepted.

INTEREST is paid on Maturity.

Regular INTEREST is available for deposits of $5,000.00 or more for a term of 12 months which can be paid either monthly or quarterly.