Great Southern Bank achieves carbon neutral status

Mother and daughter playing.

Great Southern Bank, formerly CUA, recently announced it has reached carbon neutral status following independent certification of its 7,500 tonne carbon offsetting program.

The certification was awarded by Climate Active, an initiative which supports Australian businesses in reducing and offsetting their carbon emissions. 

“As Australia’s largest customer owned bank, our customers and the wider community expect us to operate sustainably and to help address climate change,” said Great Southern Bank chief executive, Paul Lewis.

The bank has been able to achieve carbon neutrality through offsetting partnerships with organisations based in Australia and abroad.

These include an Aboriginal-owned not for profit which uses traditional fire knowledge to conduct controlled burns, helping to reduce fuel on the ground and manage the spread of wildfires.

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“Our climate change strategy is evolving, and in the coming months and years we are committed to reducing our environmental impacts and cutting our carbon footprint,” said Mr Lewis.

“Ultimately, it is work we must do if we are to live up to our purpose in helping all Australians own their own home in a world impacted by a changing climate.”

We’ve compiled a selection of standout products below, but you can browse the full range of home loans, bank accounts and more at our Great Southern Bank information page.

Great Southern Bank Fixed Rate Home Loan
  • 2-year fixed rate from 1.89% p.a. (4.04% p.a. comparison rate*)
  • Extra repayments up to $5,000 during fixed rate term
  • $3,000 cashback for refinancers (terms and conditions apply)

The fixed rate home loan from Great Southern Bank offers owner occupiers rates as low as 1.89% p.a. (4.04% p.a. comparison rate*) on 2-year terms. Borrowers can make free extra repayments (capped at $5,000 for the duration of the fixed term) and access a redraw facility in case they wish to retrieve them. Refinancers will also have the chance to receive $3,000 cashback if they apply before 31 October 2021 and settle the loan before 31 January 2022 (terms and conditions apply). There are a few fees you’ll have to watch out for, including the $600 application fee and $235 settlement fee.

Great Southern Bank Low Rate Credit Card
  • Low 11.99% p.a. purchase rate
  • $0 annual fee in the first year ($49 after)
  • 55 interest free days

For those after a budget friendly credit card, this offer from Great Southern Bank is well worth a look. It comes with an 11.99% p.a. purchase rate, up to 55 interest free days on purchases, and a low $49 annual fee which is waived in the first year. Those looking to move some debt from another card will also appreciate the 0% balance transfer fee, available for the first 25 months. Just keep in mind that this shoots up to 21.74% p.a. afterwards.

Great Southern Bank Secured Car Loan (Fixed)
  • 6.79% p.a. fixed rate (7.16% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • Flexible repayment schedule

If you’re looking to purchase a new or used car less than 7 years old, the Great Southern Bank Secured Car Loan could help you land that set of wheels. Borrowers can access fixed rates as low as 6.79% p.a. (7.16% p.a. comparison rate*), with loan terms ranging from 1 to 7 years. There are also a number of handy features, including the ability to make extra repayments and redraw on those funds. Just make sure to budget for the $265 application fee.

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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