Watch your savings grow.

Savings Account

A funeral savings fund is simply a savings plan that helps you reach a financial target for your funeral. As funeral expenses are an expense everyone must pay sooner or later, this savings fund can benefit you to reach your goal and earn interest in the process. This gives you peace of mind, knowing that you have already saved money to cover the cost your funeral and there won’t be any financial pressure placed on your family.

 

We have established a savings contribution funeral fund that works by making regular payments that will receive compound interest annually.  You can save as little as $2 per week and earn a competitive 5% interest on the money you contribute. When planning ahead, the option of a savings plan is surprisingly efficient. A few dollars a week can grow into thousands thanks to the power of compound interest. Simply choose your target savings and the level of contribution and you can be guaranteed a good sum when you need it. Even Albert Einstein stated that "compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe". Start earning and plan ahead for tomorrow, today.

 

We can help you set a target amount and provide a structured plan or you can simply have complete freedom and flexibility to add an amount that suits you. Funeral savings can be used to pay for a prepaid funeral service or recorded in your will if any remaining money is left to pay off the funeral.​

The Benefits of a funeral savings account 

  • Interest is calculated at 5% which is very competitvely priced

  • Make payments easily or set up an ezi debit payment plan to your bank account or card

  • No minimum deposit is required and there are monthly plans available for as little as $2 per week

  • Access funds for funeral-related expenses.

  • No account keeping fees or any ongoing charges. So all the income you add is yours.

  • The funds are always kept in your name. Even if you stop your monthly payments to your funeral fund the money is yours and continues to earn interest and grow.

  • It does not count towards your assets so you are not taxed nor does it affect your pension.

  • Funeral savings may be used in conjunction with funeral cover policies to increase the value of cover you have.

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