The Monthly Income Account is a flexible savings account, which pays a regular monthly income. It can be opened with a minimum investment of $100 and can be added to at any time, and funds are capital guaranteed by the Anglican Diocese of Adelaide.

Key Features

Monthly Income Accounts are eligible to be nominated for our Participant Distribution to your nominated Parish or Anglican Entity.

Interest Rates

Monthly Income Account
(under $100,000)

2.00% p.a

Comparison Rate 2.02%

Monthly Income Account
(over $100,000)

2.50% p.a

Comparison Rate 2.53%

Cheque Account

0.25% p.a

Only available to Parishes

Effective 21/06/23

Please note; Funds invested with AFSA’s Community Fund are capital guaranteed by the Synod of the Diocese of Adelaide of the Anglican Church of Australia Inc. ABN 63 198 215 958 ARBN 655 122 133. AFSA is not prudentially supervised by the Australian Prudential Regulation Authority. Therefore, an investor in AFSA will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. Investments in AFSA are intended to be a means for investors to support the charitable purposes of the fund. By law ASIC requires that all Religious and Charitable Development Funds, such as AFSA, advise that investors may be unable to get some or all of their money back when the investor expects or at all, and the investment is not comparable to investments with banks, finance companies or fund managers.