The current Interest Rate for February 2012 is 2.85% p.a.

•Funds are easily accessible
•Deposits are on call
•Attractive interest rates calculated daily and added quarterlyClick Here to Download the Application Form

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Please Note: the following is an historical background to the establishment of the Deposit Scheme and should not be considered as any form of prospectus or guarantee. A current Disclsoure Statement is published by The National Bank of New Zealand, part of ANZ National Bank Limited, and can be obtained from the Bank's Finance Division, PO Box 540, Wellington.

In 1977 the Grand Secretary, RWBro P J Oliver, had the idea of starting a Group Savings Scheme for Freemasons, widows and their families which through an aggregation of smaller deposits into a larger fund would pay better interest rates than the Banks were currently paying to individuals. The National Bank of New Zealand were approached, and agreed to the idea, developing a specific system which Grand Lodge office staff could administer for that purpose.

The first account was opened in September 1977. The oldest account still in operation today was opened in October 1977.

From small beginnings (it took almost 5 years to reach $6m) the Freemasons Deposit Scheme has grown to be a very successful operation benefiting both the depositor by paying a very competitive interest rate and the Craft in general.

Being an on-call account the interest rate paid to depositors may vary from month to month as rates fluctuate but it is always quite competitive and fairly close to shorter fixed term deposits.

In March 1988 a new computer system was introduced enabling transfers to a nominated bank account to be done electronically. This results in cleared funds being available the following morning to those depositors who have telephoned before midday.

Unlike Banks and Finance Houses which have a constantly changing staff, the Freemasons Deposit Scheme is staffed by two members of Freemasons New Zealand, which gives depositors the assurance of continuity, with personal attention and the knowledge that they are dealing with people who have their welfare in mind.

Currently, the total sum of money in the Freemasons Deposit Scheme exceeds $150,000,000. This represents the savings of 5900 individual accounts held by Freemasons, their families and the Lodges.

Should you be a Freemason or have a direct Masonic connection through your family and wish to receive further information, please call 0800 659-876.

Interested?

Email us your contact details and someone will be in touch with more information.

A current Disclsoure Statement is published by The National Bank of New Zealand, part of ANZ National Bank Limited, and can be obtained from the Bank's Finance Division, PO Box 540, Wellington.

Past interest rates (p.a.):