Give where you live
Hume members who have a genuine interest in
supporting Border Trust
can donate the interest on their Hume Term Investment to Border Trust. All interest is then automatically paid to Border Trust.
Border Trust is a Community Foundation in the Albury Wodonga region which offers a way of improving the lives and opportunities of local people by providing funds and organisational support to significant community projects.
The account holder can donate to Border Trust the interest earned (but not yet paid) and to be earned in the future on their Hume Term Investment. This can be arranged at any Hume branch.
Unless a tax file number has been linked to the account, or an exemption applies, the amount of interest donated will be net of withholding tax. You will need to take your own tax advice on the nature of this donation.
The minimum term investment is $1,000 and can be for periods ranging from one month to three years. The amount and period of your investment will determine the exact rate.
Please see our interest rate sheet for details.
Interest is credited upon maturity for investments less than thirteen months, and annually and at maturity for investments greater than thirteen months.
When your term investment matures you will be notified how much interest you have contributed to the Border Trust, and will need to instruct us if you wish to discontinue donating your interest to Border Trust.
Interest
The interest rate applicable to your account will be the relevant interest rate at the time your account is opened or renewed.
The interest rate is fixed and will not change during the agreed term unless you withdraw your deposit (or part of it) before the end of that term.
Interest will be credited to the Border Trust.
Interest may be paid:
-
for investments up to 13 months – at maturity;
-
for investments of 13 months or more
– annually and at maturity; and
-
for regular income investments – each 28 days.
See our interest rate sheet for details.