Types of accounts for personal clients
Open a DDF Savings account and you’ll have money for a holiday or to pay the bills without worry. Or use it to kick start your long term savings goal. All DDF accounts are free of fees and charges – so you’re already in front.
Information of the accounts and benefits available to our clients is listed below.
Please read our Disclosure Statement
Benefits of Saving and Investing with the DDFAn investment with the DDF helps to meet the needs of our growing diocese.
The DDF is committed to providing services free of fees and charges.
The security of your deposit is our highest priority - the DDF has been established since 1989 and all funds are guaranteed by the total assets of our Diocese.
No minimum balance
Funds at call
Interest on daily balance paid six monthly
Electronic transfer to/from other bank accounts
Free bill paying and free periodic payments
Free counter cheques
Operate your account by phone
No fees or charges
Internet Access
Friendly, personal service
Salary deduction facility for Catholic Education Office and Diocesan staff
AutoSaveAn “On Call” interest bearing, free savings account specifically targeted at employees of the Catholic Diocese of Parramatta.
It encourages regular saving and offers an interest rate slightly higher than our normal savings account.
You simply nominate an amount to be deducted from your salary and this is automatically paid directly to your account with the DDF.
PassbookAn “On Call”, interest bearing, free savings account.
This account encourages regular saving. An easy way to save for a holiday, school fees or a rainy day.
Christmas SaverOpen a DDF Christmas Saver and you’ll have money for Christmas or for a holiday or to pay the bills in January without worry. Or use it to kick start your long term savings goal.
The table below is proof of what you can achieve each year (based on 24 pays).
| Save each fortnight commencing February | You will have saved by Christmas |
| $25 | $600 + interest |
| $40 | $960 + interest |
| $50 | $1,200 + interest |
| $75 | $1,800 + interest |
| $100 | $2,400 + interest |
If things are a bit tight and you’re wondering where to find the extra money, take a look at your spending, $25 a fortnight is about $1.80 a day. Saving this amount could be as simple as taking your lunch to work instead of buying it.
That would mean an extra $600 at Christmas.
The process is simple and the benefits are great:
Absolutely no fees or charges
Funds only available during November, December and January – no temptation to spend.
Telephone password makes accessing funds easy
Funds transferred electronically to your bank account
View your Christmas Saver 24/7 on the internet using CDF Online.
Interest calculated daily
Salary deductions available if you are employed in a Parramatta Diocesan Catholic School, Parish or Ministry
Fixed Term DepositInvest in a fixed term deposit with as little as $500 and watch it grow.
Terms from 3 – 12 months.
Interest is calculated on the whole balance, and is paid on maturity. The interest portion may be compounded to the deposit, forwarded to you in cheque form or deposited to a nominated account with the DDF or elsewhere.
Money Market InvestmentMaintain a minimum balance of $50,000 and receive all the benefits of an “On-Call” investment account plus an impressive interest rate. How to Open an AccountBefore opening an account with the DDF please read our Disclosure Statement.
To find out how easy it is to operate a DDF account your can either:
- Download & print an application, fill it out and mail to the DDF
- Visit our friendly staff at Shop 2, 10 Victoria Road, Parramatta (opposite the Prince Alfred Park)
- Phone us on (02) 9683 6077 and we’ll discuss with you the easiest way to open an account
Download Application Form
Easy Ways to Deposit1. Enclose a cheque with your application
2. Download a Direct Debit Form, fill it out and mail to the DDF
Download Direct Debit Form
3. Salary deduction
- Catholic Education Office staff download a salary deduction form
Download Salary Deduction Form
- All other Diocesan employees contact your payroll department
4. Request an encoded deposit book for use at any branch of the Commonwealth Bank
5. Visit the DDF office at Shop 2, 10 Victoria Road, Parramatta
Accessing your DDF AccountInternet Access
The Diocesan Development Funds CDF Online service makes possible easy viewing access to your DDF account 24 hours a day, seven days a week.
It provides the convenience of on-demand account balance enquiries and transaction listings securely over the Internet.
Main features of CDF Online
Easy access to your DDF account 24 hours a day, seven days a week
View up to date account balances
View transactions (data currently held for up to two years)
Print transactions in a statement format
Export transaction details to a PC for use in other applications
CDF Online is a free service and can be accessed by simply going to our CDF Online facility. The CDF Online section will provide you with information about the service, security and how to register.
Go to CDF Online
Telephone Access
To operate your DDF account by telephone you can attach a Personal Identification Number (PIN) to your DDF account. When you phone the DDF, quote your PIN and you can:
Request balance and account enquiries
Transfer funds between DDF accounts
Transfer funds electronically to bank accounts held elsewhere
Request cheque withdrawals sent to you or a third party
For more information about setting up a PIN contact the DDF on (02) 9683 6077 or download a PIN Registration Form and return to the DDF.
Download PIN Registration Form
Visit the DDF office
Shop 2, 10 Victoria Road, Parramatta (opposite the Prince Alfred Park)
Mail your completed forms to:
Diocesan Development Fund
PO Box 2605
North Parramatta
NSW 1750