We are striving to reach more people who are a part of our broader Catholic community with quality products. These people include business operators/owners, professionals, parents, single people, teachers, elderly and the young - essentially anyone who is looking to invest. In seeking a positive return, they will also support the work of their local church.
Incentive Plus
A competitive rate of interest and NO fees – yes, it is possible.
Incentive Plus not only offers a great interest rate to you, it has the added bonus of allowing you to nominate your parish, Catholic school or Church organisation to receive a benefit as well.
That's right, on every dollar of interest we pay you on Incentive Plus, the CDF will also pay a bonus to your nominated parish, school or organisation.
In this way your money assists with the fund raising efforts of your own Catholic Community. You can support your children or grandchildren's school or your parish needs - without costing you a cent. Church organisations or religious orders within our Diocese can also receive additional income to help with their needs.
Easy Access?
Yes!
You can access your Incentive Plus account in several ways
- Deposits and withdrawals can be made by direct credit and direct debit, for this service please contact us
- Deposits can be made at any Commonwealth Bank with a deposit book we provide you
- Cheque deposits and withdrawals can be made at the CDF office or by post
- You can set up CDF Online which offers registered clients a convenient internet enquiry system with 24 hour access to many features
What does Incentive Plus offer?
- A good return of 5.20% pa interest on balances over $2,000 (Balances under $2,000 1.00% pa)
- Interest credited quarterly into your account
- Your savings remain at call and there are no bank fees or charges
- Your parish or school benefits from your investment
- Currently the incentive to your nominee is 0.50% pa each quarter
- If you decide not to nominate a beneficiary, the incentive will directly benefit the Diocese –supporting broader diocesan needs
- All deposits and interest are guaranteed by the Diocese of Wollongong
Term Deposits
Term Deposits offer you a high competitive interest rate for locking your funds over a pre-determined time.
Minimum deposit
$1,000 7.15% pa 7.40% pa 7.65% pa
Other terms may be negotiated, contact us for details.
Download the latest Interest rates for Individuals 
for CDF products.
Download the Account Application form and post back to us.
Money for Christmas savings account
Talk to us about how to access your funds during the financially demanding time of the year - November, December and January.
- Minimum deposit of $20
- NO withdrawals between 1 February and 1 November each year
- Interest calculated daily
- Balances below $2,000 3.00% pa
- Balances above $2,000 4.00% pa
| Save this amount each fortnight commencing February |
You will have saved this amount by Christmas Day |
| $25 | $600 + interest |
| $40 | $960 + interest |
| $50 | $1,200 + interest |
| $75 | $1,800 + interest |
| $100 | $2,400 + interest |
Interested in applying for savings account, Christmas or Incentive Plus?
Download the Account Application form and post back to us.
Payment Option for Schools and Other Agencies
CDF provides a direct debit facility for the payment of Diocesan school fees. Download the Direct Debit School Fees form to apply for this convenient option.
CDF can also provide direct debit facilities to other agencies within the Church, contact us to discuss your needs.
Personalised Phone Service
If you cannot access your accounts successfully online or do not have access to a computer, contact us and we can help you over the phone.
CDF Online Access
If you are a CDF Online registered client, you can pre-arrange to transfer funds (debit or credit) from your external accounts to your CDF account. Download the CDF ONLINE ACCESS | Client Account and post back to us.
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