Being a member of ASU gives you access to a range of banking products from Members Equity Bank, an innovative bank formed specifically to provide low cost financial services to eligible ASU members.  Read on to find out more about the bank that was created with you in mind.

What will my membership give me?

Your ASU membership gives you the option of applying for any one of the Super Members Home Loans, all of which are offered at a discounted interest rate.
As well as a discounted interest rate, other benefits of the SMHL range are:

• No application fee
• No valuation fee 
• No ongoing account keeping fees
• Split and top-ups available
• Free redraw and free lump sum payments
• No fees for phone or Internet banking

So, whether you are looking for a home loan to fund your new purchase or to refinance an existing loan, Members Equity Bank aims to give you real value for money without sacrificing great customer service.

Get to know your Super Members Home Loan range

Standard Home Loan
If you are after a low cost yet flexible home loan, this is the one for you. Take advantage of a range of options, including the ability to switch from a variable to a fixed interest rate, split your loan or even top-up your loan.   Use this home loan to buy, renovate or build a home or for any other approved purpose including holidays or buying a car.

Offset Account
The Ultimate Offset Account is a versatile all-in-one home loan and transaction facility that offers a competitive variable interest rate, is free from transaction fees, and gives you the opportunity to offset your income and savings against your home loan balance.  Bringing together all your finances into one facility cuts out the hassle of juggling multiple accounts and makes your life simpler.

Interest Only Investment Loan
The Interest Only Investment Loan is designed to suit all types of investors. If your plans include investment in real estate, managed funds or shares, then this product may be the one for you.  Choose this product and significantly reduce your payment commitments by paying interest only, rather than principal and interest repayments, for a period of up to five years.

Applications are subject to credit approval. Fees and charges apply. Terms and conditions available on request.

For more information on the Super Members Home Loan range and our other products such as deposit accounts, credit card and personal loans call 13 15 63 today or visit www.membersequitybank.com.au.

Get to know your banks range of deposit products.

The ME Online Savings Account

The ME Online Savings Account gives you a great interest rate whilst giving you access to your money via phone or internet banking at any time.

Benefits at a glance:

• Competitive interest rate on every dollar in your account every day
• Deposit  and withdraw money without penalty at any time
• No minimum opening deposit or balance required
• Free phone and internet banking, and no other fees

This is general information only and you should consider if the ME online Savings Account is appropriate for you.

The all-in-one deposit account
The InterestME Savings Account is a 2-in-1 account that pays the high interest of a savings account combined with the easy access of a transaction account.  

Benefits at a glance:
Earn a competitive rate of interest on every dollar over $3000

• Earn 0.25% p.a. on every dollar up to $3000
• No account keeping fees
• No minimum monthly balance required
• 15 free EFTPOS transactions each month
• Free direct debits and credits
• Free phone and internet banking
• Access to funds 24 hours a day, 7 days a week via ATM and EFTPOS
• Cheque book option

This is general information only and you should consider if the InterestME  Savings Account is appropriate for you.

ME Term Deposit
Get great returns with a ME Term Deposit offering you a range of  terms from 3 to 24 months as well as a range of interest rates.    This gives you the ability to plan an investment strategy to meet your goals.  

Benefits at a glance:

• Five different terms to choose from
• Competitive interest that is calculated daily and paid out at maturity for terms of 12 months or less^
• Your investment will grow as interest rates are fixed at the beginning of the term
• No account opening or on going management fees 
• Choose to have your deposit automatically roll over into a new deposit at the end of each term so you never have to worry about it.

This is general information only and you should consider if the ME Term Deposit is appropriate for you.
Interest on the 24 month term is credited to your nominated account on the 12 month anniversary of the day the account was opened and at maturity in accordance to your instructions.

For more information on the Members Equity deposit product range and our other products such as  home loans, credit card and personal loans call 13 15 63 today or visit www.membersequitybank.com.au.

Your banks additional products

Members Equity MasterCard

Want all the benefits of credit without the hassle of managing reward points or high interest?
Want an everyday credit card that can really help you manage your money? Then the Members Equity MasterCard is the smart choice.

Benefits at a glance:

• One of Australia's lowest ongoing credit card rates
• Up to 44 days interest free on purchases
• A low $39 annual fee
• No charge for additional cardholders
• Emergency worldwide replacement if card is lost or stolen
• Access to MasterCard Exclusives

Applications are subject to credit approval. Fees and charges apply. Terms and conditions available on request.

Members Equity Personal Loan

For when you really, truly, absolutely have to have it! You know you want it but where's the money coming from? Whether it's for practical reasons or for pure indulgence, the Members Equity Personal Loan is a simple, low-cost way to borrow money to finance a major purchase.

Benefits at a glance:

• A low fixed interest rate
• No ongoing account keeping fees
• No annual fee
• No fees for extra repayments
• No penalties for early payout
• Select your own loan term from 1 to 5 years
• Easy application process

If you need a new car, want to consolidate your debts, make home improvements, take a dream holiday or even replace a broken fridge, a Members Equity Bank Personal Loan can help make those dreams come true.

Applications are subject to credit approval. Fees and charges apply. Terms and conditions available on request.

For more  information on Members Equity Bank or  call 13 15 63 today or  visit www.membersequitybank.com.au.