TRANSACTIONAL & INVESTMENT ACCOUNTS


The DDF provide a range of accounts that allow you to manage transactions with ease.
We provide a competitive rate of return on your funds and do not charge account keeping fees.

Day to Day Transactional account
Maximising Interest
Money Market (Online At Call) Investment
Fixed Term Investment
Individual Investors
OTHER SERVICES

Day to Day Transactional account

The DDF’s transactional account is a general operating account capable of receiving funds over the counter at CBA branches, issuing cheques, receiving funds electronically, direct debit facility for the direct payment of providers and transacting online.

The main features of this product are:

Monthly Fee

Nil

Other Transactions

No DDF Fees: Any fees charged by the Commonwealth Bank are passed on at cost.

On Line Access

CDF Online provides a convenient and safe way to view account details and to transact 24 hours a day, 7 days a week.

Credit Interest

Calculated daily and paid six monthly at the end of June and December.


Maximising Interest

Many organisations operate their accounts primarily by cheque, accordingly the organisation’s funds are held in a cheque account. This procedure is simple enough, however, the interest earned is minimal. DDF accounts such as Fixed Term Investment and Money Market Investment help maximise interest.


Money Market (Online At Call) Investment

If you’re looking for a better return on your cash surpluses, but need on-demand access to your funds, the DDF’s Money Market Investment may be the solution. A minimum balance of $10,000 is to be maintained.

The main features of this product are:

Monthly Fee

Nil

Credit Interest

Calculated daily and paid six monthly at the end of June and December.

On Line Access

Funds accessed via CDF Online allowing your organisation to move funds to and from other DDF accounts or to other financial institutions.

 

Fixed Term Investment

The DDF’s term investments provide attractive and competitive rates for the cash and fixed interest portion of your investment portfolio. Your funds are invested for a fixed term at a fixed rate of interest.

The main features of this product are:

Terms

3 months

Credit Interest

Calculated daily and paid on maturity.

On Line Access

Your account can be viewed via CDF Online.

 

INDIVIDUAL INVESTORS

CDF Community Fund

Across Australia, a number of Catholic Development Funds, including Parramatta DDF, joined together in a new partnership to form the CDF Community Fund.

The CDF Community Fund offers a range of products for Students, Catholic Employees, Parishioners and members of the wider community.

For further information, please visit cdfcommunityfund.org.au or phone 1800 134 135


OTHER SERVICES

Commonwealth Bank assisted services:
• International bank transfers and drafts
• Bank Cheques

Please contact the DDF office for information on CBA assisted products and services on 8839 4500 or email.

Please Note: All BPAY and transactions to and from external bank accounts are arranged through and processed by the Commonwealth Bank of Australia.

DISCLOSURE STATEMENT:  The Diocesan Development Fund Catholic Diocese of Parramatta (DDF) (the Fund) is required by law to make the following disclosure. The Fund is not prudentially supervised by the Australian Prudential Regulation Authority nor has it been examined or approved by the Australian Securities and Investments Commission. An investor in the Fund will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959(Cth). Investments in the Fund are intended to be a means for investors to support the charitable, religious and educational works of the Catholic Diocese of Parramatta and for whom the consideration of profit are not of primary relevance in the investment decision.  The investments that the Fund offers are not subject to the usual protections for investors under the Corporations Act (Cth) or regulation by Australian Securities and Investments Commission. Investors may be unable to get some or all of their money back when the investor expects or at all and any investment of the Fund are not comparable to investments with banks, finance companies or fund managers. The Fund’s identification statement may be viewed at https://parracatholic.org or by contacting the Fund.  The Fund does not hold an Australian Financial Services Licence.