• Freecall: 1800 040 903 (Armidale)
  • 1800 803 194 (Tamworth)

Student Saver Account

This account is specifically designed for students who are within diocesan Primary schools. They are designed to help children learn financial literacy and the benefits of saving.

No fees and charges

Interest calculated daily

Regular payments benefits both the school and student

FEATURES


No fees and charges

Interest calculated daily

Interest is credited to the account twice a year: 31 January & 31 July

31 day notice of withdrawal account which can be used to encourage long term savings, payment made via Electronic Funds Transfer.

Parents can be sole or joint signatories on the account

Parents and grandparents can make payments directly to this account by arranging direct debits from other financial institutions.

Regular payments to a student’s account through the school, benefits both the school and the student.

Students have the convenience of saving through their school

Student saving earns the school a commission.


Disclosure Statement

The Armidale Diocesan Investment Group (ADIG) is required by law to make the following disclosure.

Investment in ADIG is only intended to attract investors whose primary purpose for making their investment is to support the charitable purposes of ADIG. Investor’s funds will be used to generate a return to ADIG that will be applied to further the charitable, religious and educational works of the Catholic Diocese of Armidale. ADIG is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission (ASIC). An investor in ADIG will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959 (Cth).

The investments that ADIG offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by ASIC. Investors may be unable to get some or all of their money back when the investor expects or at all and investments in ADIG are not comparable to investments with banks, finance companies or fund managers. ADIG’s identification statement may be viewed here or by contacting ADIG.

ADIG does not hold an Australian Financial Services Licence. ADIG has entered into an intermediary authorisation with CDF AFSL NSW Ltd ACN 617 161 805, AFSL No. 497040 to issue and deal in debentures. CDPF Limited, a company established by the Australian Catholic Bishops Conference, has indemnified ADIG against any liability arising out of a claim by investors in ADIG.