4 bank products that give back

4 bank products that give back

If you’re looking for more ways to do good in the world on top of already boycotting products that use palm oil, limiting your shopping trolley to only Fairtrade-certified goods and donating a healthy sum of your weekly paycheck to your favourite charity, then look no further than….

Your bank? (Yes, seriously).

With help from you, these banks are breaking the stereotype and are actually giving back through these 4 innovative products:

1. Support those affected by breast cancer – Community First Credit Union McGrath Pink Visa

Perfect for the socially conscious fashionista, the McGrath Pink Visa boasts the lowest standard purchase rate of any credit card in the market at 8.99%. And with an interest-free period of 55 days, you have plenty of time to pay back those pair of pumps. Plus the card is a swish pastel pink that would make Barbie green with envy.

Give Back: Half of the low $40 annual fee is donated to the McGrath Foundation each year you hold the card which goes to fund McGrath Breast Care Nurses in communities across Australia and to increase breast cancer awareness in Australia.

2.  Help protect endangered animals – Illawarra Credit Union Wildlife Saver Account

You can teach your kids the importance of regular saving and environmental conservation, all with the help of one savings account. Illawarra Credit Union, in partnership with the Symbio Wildlife Park, will donate 1 cent in every dollar deposited into a Wildlife Saver account to projects that help endangered animals.

On top of helping to save the cuddly red pandas, other perks include a 3.5% interest rate if you make a deposit at least once a month and no withdrawals, no monthly account keeping fees and no minimum deposit or withdrawal limits.

And for all their good saving, your child will receive free entry to the Symbio Wildlife Park – for the little eco-warrior in all of us!

3. Support a charity of your choice – act. Transaction Account

The act. Transaction Account allows you to support a cause that you are genuinely passionate about.

Every month, you will accrue credits on your average account balance, which are dubbed “Impact Dollars” and you can use these points to pledge towards crowd-funded projects listed on letsact.com.au such as giving backpack beds to the homeless in Melbourne or desexing pooches in Indigenous communities.

4. Offset your carbon footprint – bankmecu goGreen Car Loan

Most of us would check the energy star rating when buying a new washer or dryer. But did you know applying this same carbon-cutting mentality when purchasing a new car can save you big bucks on your car loan?

For instance with the bankmecu goGreen Car Loan you will receive a competitive 7.99% interest rate if you purchase a car that is less than 7 years old with a Greenhouse Rating of 7+, which you can look up on the Government’s Green Vehicle Guide.  When you consider the average big 4 car loan rate in Mozo’s personal loan database is 9.43%, this could save you $1,253 in interest over 5 years.

It doesn’t stop there! When you take your car out for a cruise, bankmecu will offset the greenhouse gas emissions produced by your car by planting trees for each year for the term of the loan.

Now that you’re learned up on the best bank products that give back, you could take your good deeds to the next level by discovering how to shop for good here.

Please note, any rates or features mentioned in this blog were available at the time of writing and may have changed. To check on today’s product information, please click on the product link within the article.

4 bank products that give back was last modified: September 19, 2016 by Kirsty Timsans

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