Business Banking
Members Equity Bank is an Australian Bank that is 100% owned by industry superannuation funds, including Cbus.
The Members Equity Business Direct Savings Account is specifically designed to optimise any surplus cash Cbus Employer Sponsors may have from time to time.
With the Business Direct Savings Account there are:
- no minimum balance requirements
- no restrictions on the amounts you can deposit or withdraw.
It has also been designed specifically for the Internet. Deposits, withdrawals and fund-transfers (all via a nominated account) can all be done easily online.
Because you do your banking online, fees are reduced. There are actually no transaction or account-keeping fees. This makes banking very affordable for your business.
Business Loans
Members Equity, through the Super Business Loans Program (SBL) provides Cbus employer sponsors with access to flexible and secure finance options at competitive rates. Products on offer include business loans, leasing or hire purchase and a business savings account.
Businesses can:
- take advantage of consistently low interest rates for lending products;
- borrow for business or investment purposes;
- take advantage of no ongoing account-keeping fees.
For further information, please contact Members Equity Bank on 1300 658 108 or visit the Members Equity website.
* Fees and charges apply. Terms & conditions available upon request. Super Business Loans are only available to members and employers of participating super funds.
Note: This product advice has been prepared without taking account of your objectives, financial situation or needs. Before you make any decisions about this product you should consider the appropriateness of the advice.
