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The Freedom Package

"it just all adds up for our family"

An 'all in one' package that gives you fantastic savings and incentives on your home loan, everyday banking, insurance and credit card!

The Freedom Package is a complete mortgage package that recognises your relationship with Wide Bay Australia and rewards you with up-front and ongoing benefits.

It is available to customers who take out new or additional loans of $150,000 or more on eligible loan types which include Home Loan Plus and Line of Credit.

Freedom Package customers will receive a range of Package Benefits on their loans, financial services and insurances as per the summary below. Full details are contained in the Freedom Package Schedule of Benefits (PDF, 133KB).

Freedom Package means that when you choose Wide Bay Australia, you get a lot more than just a home loan!

Features and benefits

  Standard Variable Home Loan Plus Fixed Rate Home Loan Plus Line of Credit
Annual Package Fee $395 each year
LOAN BENEFITS
Discounted Loan Interest Rates (PDF, 193KB) (based on initial Total Package borrowings) $150,000 to $249,999.99
save 0.63%

$250,000 to $499,999.99
save 0.83%

over $500,000
save 0.88%
$150,000 to $249,999.99
save 0.10%

$250,000 to $499,999.99
save 0.10%

over $500,000
save 0.10%
$150,000 to $249,999.99
save 0.56%

$250,000 to $499,999.99
save 0.80%

over $500,000
save 0.95%
Loan features and benefits You retain access to all the standard features and benefits available on the above loans. This includes features such as repayment flexibility, redraw, payment holiday, free monthly statements, ‘smartlink’ Internet, Mobile & Phone Banking and Mortgage Offset Account 100% offset savings!
Establishment Fee – new loans Nil (normally $600) – includes Valuation Fee up to $300
Account Service Fee Nil (normally $10 per month) Nil (normally $10 per month) Nil (normally $15 per month)
Loan Increase Fee – Additional Loans, Further Advances or Credit Limit Increase Nil (normally $300)
Switch Fee – changing rate types Nil (normally $300) Nil (normally $300) Not Applicable
EVERYDAY BANKING BENEFITS
Account Fee Nil – on your Package Mortgage Offset Account 100% offset (normally $10 per month) or Everyday Access Account (normally $5 a month)
Save on bank fees You will automatically receive free withdrawals via Wide Bay Australia branches, ‘Wide Bay’ and ‘Westpac’ ATM’s, EFTPOS, ‘smartlink’ Internet, Mobile & Phone Banking; BPAY®; personal cheques; direct debits and periodical payments on your Package Everyday Access Account.
Save on Visa Debit Card fees Pay no monthly Card Access Fee or Account Service Fee on your linked Visa Debit Account.
SAVINGS BENEFITS
Earn higher ‘on-line’ savings interest Opening a Everyday Access Account with no monthly fee means you can easily link to the Online Saver Account to earn higher interest on your savings.
Earn higher interest on standard Term Deposits You will receive 0.25% higher interest rate
on standard Term Deposits of $500 or more
HOME INSURANCE BENEFITS
Home Building & Contents Insurance Save up to 15% on your combined
home building and home contents insurance.*
Home Building Insurance Receive up to 90 days free introductory home building insurance when purchasing an existing residential property.^
CAR INSURANCE BENEFITS
Car Insurance
  • Save up to 5% on your car insurance premium.*
CREDIT CARD BENEFITS
Credit Card Pay no annual fee on your new 'Platinum' MasterCard (normally $179)

 

The Freedom Package is offered by Wide Bay Australia ABN 40 087 652 060 (Australian Financial Services & Australian Credit Licence: 239686) and is only available to approved applicants. This information is a summary only. Full details of Package Benefits and Terms & Conditions are contained in the Freedom Package Schedule of Benefits and Terms & Conditions (PDF, 133KB).

Unless varied under the Package Terms & Conditions standard Terms & conditions and fees & charges also apply to individual package products.

Home Loans & Lines of Credit:
Wide Bay Australia Ltd ABN 40 087 652 060 (Australian Credit Licence No: 239686) is the credit issuer. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Prior to entering into a credit contract with us you should read our Credit Guide (PDF, 74KB). Loans are only available to approved applicants offering security in approved property in Australia.

Everyday Banking & Savings:
Wide Bay Australia Ltd ABN 40 087 652 060 (AFS Licence No: 239686) is the issuer of this account/these accounts and any non-cash payment facilities that may be used in conjunction with them. To decide if they are appropriate for you please carefully read the account Terms and Conditions. Other fees and charges apply.

Insurance:
The insurance policy policies must be held in the same name of at least one of the borrowers of the Package Loan. Insurance covers are available from Wide Bay Australia Ltd ABN 40 087 652 060 (AFSL: 239686) ("Wide Bay Australia Widecover"). In offering this insurance we act as an agent of Allianz Australia Insurance Ltd ABN 15 000 122 850 (AFSL: 234708) ("Allianz") - not as your agent. Allianz is the underwriter of this insurance. To help you make an informed decision about whether to acquire an Allianz insurance product through Wide Bay Australia Widecover you should read our Wide Bay Australia Financial Services Guide (PDF, 102KB) and the Product Disclosure Statement available for the insurance cover.

We do not provide advice about these policies based on any consideration of your personal objectives, financial situation or needs. To decide if they are right for you please carefully read the relevant Product Disclosure Statement.

* Minimum premiums may apply. Any discounts/entitlements may be subject to rounding and only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements.

^ The free cover will apply for 90 days or up to the date of the settlement of your Wide Bay Australia loan contract (whichever is sooner) from the time you accept the offer. After this free period normal premiums will apply. The free building cover is subject to you purchasing a 12 month Allianz Building insurance policy. If you withdraw your home loan application or cancel your Mortgage Package, the free cover period will cease on the date of your withdrawal. If your home loan application is declined, the free cover period will cease 5 days, from the date of declinature.

Credit Cards:
The credit card must be held in the same name of one of the borrowers of the Package Loan. The benefit is not available to existing Wide Bay Australia MasterCard holders – existing credit cards cannot be switched to this product. Wide Bay Australia MasterCards are supplied by arrangement with Card Services – a division of Citigroup Pty Limited ABN 88 004 325 080 (AFSLN 238098 Australian Credit Licence 238098) ("Citigroup"). Citigroup is the issuer and administrator of Wide Bay Australia MasterCards. Applications must be in the name of individuals. Credit approval of your application is subject to satisfying Citigroup credit criteria including verification of income of over $35,000, Australian residency and your credit history. Wide Bay Australia is not responsible for the credit decision regardless of your acceptance for a Wide Bay Australia mortgage loan. To help you make an informed decision about whether to acquire a Citigroup credit card product through Wide Bay Australia you should read our Credit Guide for Credit Assistance by Wide Bay Australia (PDF, 52KB) available at our branches. Upon approval of your application, Citigroup will notify you of how to meet the identification procedure required by law. Terms and conditions, and other fees and charges apply - full details on application