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Centenary Development Foundation

 

 

 

 

Partnership Account...

The PARTNERSHIP ACCOUNT is designed for people wishing to financially assist their church or church organisation.

You SHARE the interest earned on your deposit between yourself and your nominated church or ministry.  For example, assuming the current interest rate was 5.75% p.a.:

  • YOU could choose to receive 1.00%, while the remaining 4.75% is paid to your church;
  • OR, you could choose to split it 2.00% for you and 3.75% for your church, or 3.00% for you and 2.75% for your church.

Interest is calculated daily and distributed half-yearly.  And for taxation purposes, you only have to declare the interest that YOU receive!  And you have complete access to your funds at all times, and can withdraw or add to your account as you please.

 

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Rates correct at 1st April 2008 - please confirm latest rates before making any decision