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. As a result, the LLL is able to provide an additional benefit to LCA projects based on 4.5% of total non-interest-bearing deposits held for each project.
An LLL non-interest-bearing account has the other usual features and access of an LLL Account.
Your non-interest-bearing instructions can be changed at any time in writing to the LLL. Please include your account details and your signature in writing, and then post the instructions to our office in North Adelaide.
If you have an existing LLL Account and wish to provide this support to a particular project, fill in a new LLL Account Application form and complete the ‘non-interest-bearing’ instructions. Then transfer the desired amount of money from your existing LLL Account into the new non-interest-bearing account.
It is possible for an LLL non-interest-bearing account to also be a Matching Deposit.