The LLL prides itself on saying 'No fees and charges' and we would like to keep it that way for as long as we can. LLL has never had any account keeping fees but there have been some third-party fees that we have passed on in certain circumstances. Moving forward the LLL will no longer pass on any third party fees, making the LLL an even better option for building your savings – fee free!
An LLL Savings Account is an account that earns you interest while enabling you to support the Lutheran Church of Australia (LCA).
LLL Savings Accounts create a pool of funds that are lent out to approved LCA projects. Projects can include the building and fit out of Lutheran churches, schools and care facilities. No loans are made outside of the Lutheran Church, and the LCA guarantees the repayment of all loans. Refer to Funds Management for more information.
LLL Savings Accounts have an attractive interest rate, and there are no LLL fees or charges. The easiest way to operate your account is through internet access by LLL@Home. If you don’t have internet access, you will be issued with a passbook.