After considering the RBA’s recent cash rate movement, among other variables, we have made the decision to increase our variable loan and deposit products for existing members by up to 0.25%p.a. Deposits and savings will change commencing from 9 October and variable loans will increase commencing from 16 October. More details around loan rate changes can be found here.

Shift away from product codes

We’ve recently began to shift away from using product codes to reference your accounts. For example, L22, S11, etc. Instead, we’ll simply reference your actual account number across banking services and communications.

The legacy of using product codes also created confusion for members at times. As these are often shown at the end of your member number, they can be mistaken for account numbers. It also aligns to industry practice.

Rest assured, nothing about your account has changed. Easy Street members will notice that these codes no longer appear in statements. The mobile app and internet banking will also progressively be updated in early 2026.

If you have any questions about this update, please reach out to a member of our team. 

© A division of Community First Credit Union Limited ABN 80 087 649 938 | AFSL and Australian credit licence 231204 | BSB No 512 170