Embark on a financial journey of meaning and purpose with LLL's suite of mission-centric products.
Our Instant Access# and Notice of Withdrawal Facilities, and competitive Term Investments, can grow your savings while supporting the development of the mission and ministry of the Lutheran Church nationwide.
While our LLL Charitable Facility allow you to support specific causes*** you care about, while keeping your savings intact. By opening a Charitable Facility, you can nominate organisations and community initiatives to receive financial support, making a real difference across Australia.**
Discover the versatility of our offerings that are collectively designed to support the financial needs of our investors and turn your money into a force for good.
Instant Access Facilities (and Notice of Withdrawal Facilities issued to Associates) are issued in conjunction with a non-cash payment facility, which allows Associates to carry out a range of transactions with their Instant Access Facility.
Facility Options
| |
Notice of Withdrawal Facility |
Term Investment Facility
|
Instant Access Facility |
Charitable Facility
|
| Associates |
|
|
|
|
| Personal |
Yes |
Yes |
Yes |
Yes |
| Business |
Yes |
Yes |
Yes |
Yes |
| Child (under 12 years) |
Yes |
Yes |
Yes^^ |
No |
| Non-Associates |
|
|
|
|
| Personal |
Yes |
Yes |
No |
Yes |
| Business |
Yes |
Yes |
No |
Yes |
| Child (under 12 years) |
Yes |
Yes |
No |
No |
| Self-Managed Super Funds |
Yes |
Yes |
No |
Yes |
Options for Children's facilities
Children of any age - facility in the name of an adult with a facility nickname
A facility can be opened in the name of a parent, guardian or other adult who wishes to use a facility to hold funds that they intend to use in the future for the benefit of a child. This is available for a child of any age. In this case we open the facility with a nickname or description that indicates the facility is intended for that purpose. The adult opening the facility must be an Associate for an Instant Access Facility.
Where the child is 12 years or over^:
A facility can be opened in the child's name with the child as the facility holder and signatory. For an Instant Access Facility, the child must be an Associate.
Where the child is 18 years or over^:
As the individual is an adult, they can open and operate an individual facility. To open an Instant Access Facility, they must be an Associate.
Important Information
* Interest rate is subject to change.
# Instant Access Facilities are available only to Associates.
+ For Instant Access Facility holders.
^ Associate means an investor or potential investor in a Facility that is the LCA, a body constituted by or under the authority of the LCA, a LCA entity, a member of the General Church Board, LCA clergy, a Lutheran body of shared charitable purpose or a paid employee of the LCA or LLL. LLL will determine whether a person qualifies as an Associate when they apply for a Facility. Eligibility criteria apply, further definitions can be referred to in the Disclosure Documents of the relevant products.
^^ Minimum age and signatory requirement apply; refer to the Terms and Conditions of the relevant product.
** The customer has no entitlement to be paid interest under the Charitable Donations Program product. Any reference to "foregone interest" is notional only. Nominated preferences are non‑binding and do not create an entitlement or obligation; funding is allocated by considering community need and missional priorities, with consideration given to nominated preferences. All allocations of funds are determined by LLL at its sole discretion.
*** Business and organisations cannot be both the Supporter and Beneficiary for the same Cause.
By law, LLL must inform investors that LLL's debenture products are only intended to attract investors whose primary purpose for making their investment is to support LLL's charitable purposes, primarily support for the Mission of the Lutheran Church in Australia; that investors may be unable to get some or all of their money back when the investor expects it or at all; and that an investment in LLL's debentures is not comparable to investments with banks, finance companies or fund managers.
