Gift Fund
A gift fund account designed for you
The Community Sector Banking Gift Fund Account is a deposit product available exclusively to non-for-profit organisations. The account will enable not for profit organisations with Deductible Gift Recipient (DGR) status to accept and manage financial gifts in accordance with the Australian Tax Office guidelines (please refer to http://www.ato.gov.au for further information).
The key features of the CSB Gift Fund Account are as follows:
| Product Name | Community Sector Banking Gift Fund |
| Passbook/Statement | Statement |
| Minimum to open | $1 |
| Interest Rate | Tiered Interest |
| Interest calculated | Daily |
| Interest credited | Monthly (1st) |
| Funds Availability | At call |
| Account Service Fee | No |
| Rebates | Yes (CSB NTAR to apply) |
| Overdraft facility | No |
| Card linking | Yes |
| Transaction fees | Yes |
Interest Rates*
| Interest Rate | Community Sector Banking Gift Fund |
| $1 - $249,999 | 3.50% pa |
| $250,000 - $499,999 | 3.60% pa |
| $500,000 plus | 3.70% pa |
Download a copy of the CSB Gift Fund Account brochure here (PDF 220 KB).