Laboratories Credit Union Everyday Transaction Account

transaction accountstale

Everyday Transaction Account is a transaction account from Laboratories Credit Union. It pays 0.01% p.a. with no bonus conditions.

Not ranked: a transaction (everyday) account, not a savings account.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance, with no upper limit.

Conditions

• not updated by the bank since 2026-07-06, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed

Features

card

Visa Debit Card with payWave

app

yes

Osko

yes

PayID

yes

notifications

yes

wallets

Apple Pay Available, Google Pay Available

Other features, in the bank's words:

• Sub accounts - For budgeting purposes, separate your funds into multiple accounts
• BPAYView - Receive your bills directly to your internet banking and pay with one click
• Sweep Facility - Automatically move funds between your accounts based on a minimum or maximum balance to be maintained on the specified account
• Government Guarantee - Under the FCS certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
• Receive international payment to your account through Western Union. No fee for sender or receiver.
• Send International Payments self serve through your internet banking or staff assisted

Fees, limits and who can open it

monthly fee

no monthly fee stated

interest paid

half-yearly

interest calculated

daily

open to

personal customers

Who can open it, in the bank's own words:

• residency: If not an Australian resident, you must complete a Tax Residency Declaration
• Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account.
• To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.

About this account

Everyday transaction account with Visa Debit Card

Data

• Laboratories Credit Union's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• /au/finance/savings-accounts/v1/brands/laboratories-credit-union.json: this bank's accounts and every balance band as JSON; Laboratories Credit Union's page lists them.
• The bank last updated this record on 6 July 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Laboratories Credit Union

• Esaver Accountstale savings account, 1.00% base at $50,000
• Savvy Saver savings account, 4.36% conditional at $50,000
• Young and Free Student Account savings account, 1.09% base at $50,000

All of Laboratories Credit Union's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.