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The Catholic Development Fund

Helping strengthen community since 1967

About CDF

The Christchurch Catholic Diocesan Development Fund (CDF) is a charitable trust founded in 1967.  Well-established, with over $25 million under investment, it is managed from the Diocesan Office and governed by a Board of Trustees who uphold to:

  •  Provide financial support for the continued expansion and advancement of the Catholic Diocese of Christchurch. CDF Vision
  •  Through careful stewardship and sustainable growth enable the increase in the provision and financial support to the Bishop of Christchurch to empower him to fulfil the vision and objectives for the Catholic Diocese of Christchurch. CDF Mission

The annual surplus helps the Bishop of Christchurch strengthen community via his support of Catholic Social Services, Education Office, Catholic Youth Team, Chaplaincy Services, and National Seminary. While schools, parishes, and Catholic organisations may apply to borrow from the CDF for their own projects’ needs.

Join the CDF
We know the Church will use the shared interest from our investment for the common good. We have trust in the diocese and bishop as to where they decide the distribution is best applied. Our CDF (business) account sets aside surplus funds as well as saving for our regular GST and annual tax payments. It’s reassuring knowing that our savings are helping our community.
James and Irene Maguire

Owners, Back to Work Employment

SUPPORTING our community

By providing an annual distribution and loans, the CDF proudly supports organisations and services which help strengthen community.

Chaplaincies

Journeying with those in tertiary education, hospital and prison
Visit website

Youth Team

Supporting our young community to grow together in holiness
Visit website

Social Services

Free counselling and foodbank services for our wider community
Visit website

Education Office

Educating in warm, safe, modern learning environments
Visit website

Seminary

Providing for the education and formation of diocesan priests
Visit website

Parishes

Providing buildings where we connect to celebrate our faith
Visit website

Join now and invest in good

Public & Business Member application forms

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Parish & Diocesan Member application forms

Join now

CDF Online
application forms

Activate CDF online

Account overview

Account benefits and features - find the one that's right for you

Term Investment

Offering

‘Park’ your money for the good of the diocese

Fees

None charged on any account

Minimum Deposit

$500

Term

3, 6, 9, 12 months

Interest*

Compounded or paid to a nominated bank account

Withdrawals

In person at Cathedral House, by phone banking, or CDF Online

Savings

Offering

Have cash on hand

Fees

None charged on any account

Minimum Deposit

No minimum. Make lump-sum deposits or save regularly

Term

On-call

Interest*

On-call rate of interest, paid six-monthly

Withdrawals

In person at Cathedral House, by phone banking, or CDF Online

Funeral Savings

Offering

Providing peace of mind for you and your family

Fees

None charged on any account

Minimum Deposit

No minimum. Make lump-sum deposits or save regularly.

Term

Duration of the account holder’s lifetime

Interest*

Paid at the 12-month Term Investment rate and credited to your account 31 March.

Withdrawals

Not permitted during the account holder’s lifetime

Education Savings

Offering

Save for education expenses

Fees

None charged on any account

Minimum Deposit

No minimum. Make lump-sum deposits or save regularly

Term

On-call

Interest*

Interest paid at the On-Call rate, and credited to your account quarterly

Withdrawals

School and attendance due payments can be made on your behalf

Christmas Club

Offering

Save for Christmas and summer holidays

Fees

None charged on any account

Minimum Deposit

No minimum. Make lump-sum deposits or save regularly

Term

Available 01 December

Interest*

Paid at the CDF On-Call rate and credited to your account 30 November

Withdrawals

Made between 01 December and 28 February

*Resident Witholding Tax deducted from interested earned.

Term Investment Brochure
Savings Brochure
Funeral Savings Brochure
Education Savings Brochure
Christmas Club Brochure

Interest rates

Interest rates quoted are per annum, and are subject to change without notice. Rates Effective: 22 November 2023

Term Investments

Interest is credited at maturity and/or six-monthly.
No fees apply.

$500 ~ $4,999

$5,000 ~ $9,999

$10,000 ~ $49,999

$50,000 +

$200,000 +

3 Months

2.00%
3.30%
3.30%
3.30%
3.30%

6 Months

3.30%
5.10%
5.15%
5.15%
5.15%

9 Months

3.35%
5.20%
5.20%
5.20%
5.20%

12 Months

3.40%
5.25%
5.25%
5.25%
5.25%

On-Call Savings Account

Interest is credited six-monthly.
No fees apply.

$1 ~ $49,999

$50,000 +

1.00%
1.25%

Christmas Club Account

Interest is credited on 30 November, based on the current on-call rate.
No fees apply.

Education Savings Account

Interest is credited quarterly, based on the current on-call rate.
No fees apply.

Funeral Savings Account

Interest is credited annually, calculated at the same rate as a 12-month Term Investment.
No fees apply.