LLL account holders can provide additional support to a particular project or department of the Lutheran Church of Australia (LCA) by nominating their account to be non-interest-bearing. Therefore, the account will not receive any interest. As a result, the LLL is able to provide an additional benefit to LCA projects based on 2.20% of total non-interest-bearing deposits held for each project as nominated by the account holder.
An LLL Non-interest-bearing Account has the other usual features and access of an LLL account.
If you have an existing LLL account and wish to open a new LLL Non-interest-bearing Account, complete the Account Application form including the ‘non-interest-bearing’ instructions. Then transfer the desired amount of money from your existing LLL account into the new LLL Non-interest-bearing Account.