1 Ongoing variable interest rate for Freedom Saver is determined by the balance in the Freedom Saver account. The interest rate is applicable to the entire balance in the Freedom Saver account. Interest is calculated daily and paid monthly. Australian Unity Freedom Saver accounts are required to have a linked Australian Unity Transaction account and all deposits and withdrawals from the Freedom Saver account must be made via the linked Transaction account. Balances up to $5 million (for individual and joint account holders) are eligible to earn interest as outlined by the interest tiering structure applicable to this account. Balances over $5 million will not earn interest. Interest is calculated daily and paid monthly. The Australian Unity Freedom Saver account is available to new customers aged 14 or over (16 or over for online applications). Offer is limited to 1 account per customer. Customers cannot open a new account within 90 days of closure of the same type of Australian Unity savings or transaction account. Refer to Fees and Charges for more details on fees applicable to the Australian Unity Transaction Account and the Freedom Saver Account.
About this calculator
The purpose of this calculator is to provide an estimate into the future of the total cost of education per student. It provides a result that is based upon current assumptions, such as the cost of private and public school education (which is derived from statistical data of costs paid through the Education Savings Fund operated by Lifeplan Friendly Society Limited). It assumes an annual increase of cost at the rate of 5.3%pa which is based on ABS data and using a historical period of 16 years. The information provided by this calculator is general in nature and is not intended as financial, personal or taxation advice. Neither the calculator, nor the results take into account any individual circumstances, financial situation or needs. You should consider obtaining professional advice before making any decision after using this calculator.
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