The Development Fund is a flexible at-call account, currently paying an attractive 5.50% per annum.(effective date 1 January 2012) The minimum deposit is $100.

Funds as at 31 December 2011 stand at $114.13 million, and are invested directly in UCA Cash Portfolio as well as in loans to Uniting Church bodies.

Key features

• Interest is calculated daily and distributed twice yearly, on 30 June and 31 December
• Funds are at-call
• Withdrawals processed the same day if received by 11.00 am
• Regular Savings Facility (direct debit or payroll deduction) is available. Go to regular savings options for more information
• No entry, exit, transaction or account keeping fees, nor any government charges
• No cheques or EFTs to third parties
• Telephone Banking is available
• Deposits can be made by cheque, by EFT using internet banking or at Westpac branches using encoded deposit books
• BPay is available
• If you have children, are planning to start a family, have a grandchild, niece, nephew, relative or friend you'd like to help save, consider opening a Development Fund account for them. Visit Development Fund - Child Accounts 
• Capital guaranteed by The Uniting Church in Australia Property Trust (Victoria)