How do I invest with CDF?
Who can invest with CDF?
Anyone. The investment is designed for those who wish to promote the charitable work of Churches of Christ in Queensland and for whom the considerations of profit are not of primary relevance in their investment decisions.
How safe is money invested with CDF?
Repayment of investments with CDF are underwritten by the overall funds & assets of Churches of Christ in Queensland. CDF currently manages in excess of $65 million in funds and has a blemish-free record with investor funds. You can be confident that your investments are secure as we invest conservatively and responsibly according to an approved Investment Plan.
If there are No Fees or Charges, how does CDF make money?
Under a conservative investment policy CDF makes a small return on the margin between the interest paid to the investor & the interest received when the funds are on invested as a collective.
What is Easy Save?
If you want to save regularly we can set up an automatic transfer of funds from your nominated linked bank account. Simply set your savings goal amount, allocate the date and frequency of your deposits. We transfer funds from your linked account* until you notify us. *Linked accounts of this nature are set up on the completion of a Direct Debit Request (DDR) Form. CDF can not take funds from an external Savings or Cheque account without a DDR Form for the external account. Easy Save Form DDR Form
How do I add funds into my CDF investment?
There are a number of ways, such as:
- Transfer via your Internet Banking. Contact our staff for bank details and reference requirements. The transfer is into CDF’s general bank account. Therefore it is really important to reference the transaction correctly to enable staff to identify that the funds belong to you & which account you would like it allocated to.
- Phone your request to our office by 3pm and we will transfer the funds from your linked account*. Phone transactions are password protected. *Linked accounts of this nature are set up on the completion of a Direct Debit Request (DDR) Form. CDF can not take funds from an external Savings or Cheque account without a DDR Form for the external account.
- Via Easy Save. See question 5 above.
- Post a cheque made payable to ‘Centenary Development Foundation’ with a notice of instructions.
- Over the counter at the National Australia Bank. Contact our staff for bank details and reference requirements. The transfer is into CDF’s general bank account. Therefore it is really important to reference the transaction correctly to enable staff to identify that the funds belong to you & which investment you would like it allocated to. There are also a limited number of National Australia Bank deposit books available from the CDF office of which have an agent’s number for referencing into your CDF investment.
How do I make a withdrawal? You can withdraw money by phone or postal/fax request.
- Withdrawals are restricted depending on the investment type. For N31 investments, the withdrawal will occur 31 days after your request has been received. For Fixed Term Investments, the withdrawal will occur on the day of maturity.
- Phone your request to our office and we will transfer the funds to your linked savings or cheque account. These are cleared funds ready for you to access as soon as they are in your account which is the day after transaction takes place. You can phone anytime to request a transfer in advance. Phone transactions are password protected. Telephone withdrawal requests can only be made to linked accounts.
- Post or fax a withdrawal request. Signature of investment holder/s will be verified. Withdrawal Form.
- For Church of Christ churches and associates with At Call investments, the withdrawal request will need to be signed in accordance with the Authorised Signatories instructions. The withdrawal will occur on the same day, if received before 3pm. If received after 3pm, the transfer will occur on the next business day.
Why do I need to provide identification to open an investment?
Just as you need to supply identification to open a bank or building society account, CDF is now also required to collect this information due to the Anti-Money Laundering/Counter Terrorism Financing Act 2006. A clear certified copy of your Driver’s Licence (both sides) or Passport is all we require. If neither of these documents are an option, please click here to see what documents will qualify.
Where do the profits go?
The profits fund the Mission support of Churches of Christ in Queensland.
What happens if I need to break my Fixed Term Investment?
You may request an early redemption of your Fixed Term Investment before the term has ended but if granted, interest will be paid with the rate reducing by 2%pa from the start date of the term to the day prior to withdrawal. Any interest paid at the higher rate on amounts withdrawn before maturity will be recalculated at the reduced rate and the difference payable on deducted interest on withdrawal, or if this is not sufficient, from the principal at the time of withdrawal.
What happens to the funds when an investment holder dies?
CDF does not keep any of the funds. Normally, the principal plus any interest owed will either form part of the estate or for joint investments for spouses, the investment is closed & reopened in the surviving investment holders name. For Funeral Assistance Plan, funds are paid directly to the funeral home upon receipt of an invoice & death certificate. Any funds left over form part of the estate. Please contact the office for more information. Contact us.
Can I scan & email the forms back to CDF?
We do require the originals of any certified copies requested but you may scan & email other forms/requests but please ensure you have received a brief reply from the office as acknowledgement of receiving your email.
Please read this important information before making your decision.