The Catholic Development Fund

Helping grow our Catholic community since 1967

About CDF

The Christchurch Catholic Diocesan Development Fund (CDF) is a charitable trust established in 1967.  Being over 50 years old, the Fund is well-established, currently with over $25 million under investment.  Managed from the Diocesan Office, the Fund is governed by a Board of Trustees who uphold to:

  •  Provide financial support for the continued expansion, advancement and improvement of the Bishop’s vision in our 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 CDF allows loan funding so projects, which strengthen our community, are completed without parishes, schools, and Catholic organisations having to borrow commercially.

In addition, the CDF’s surplus is used to fund the Pastoral Plan, Catholic Social Services, the Catholic Education Office, the Catholic Youth Team, Chaplaincy Services and the National Seminary.

 

We know the Church will use the shared interest from our investment for the common good. We have trust in the diocese and Archbishop 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 our community.

Chaplaincies

Journeying with those in tertiary education, hospital and prison

Youth Team

Supporting our young community to grow together in holiness

Social Services

Free counselling and foodbank services for our wider community

Education Office

Educating in warm, safe, modern learning environments

Seminary

Providing for the education and formation of diocesan priests

Parishes

Providing buildings where we connect to celebrate our faith

Join now and invest in good

Public & Business Member application forms

Parish & Diocesan Member application forms

CDF Online
application forms

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.

Interest rates

Interest rates quoted are per annum, and are subject to change without notice. Rates Effective: 17 March 2021.

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

0.25%
0.30%
0.30%
0.30%
0.30%

6 Months

0.25%
0.30%
0.30%
0.30%
0.30%

9 Months

0.25%
0.25%
0.30%
0.30%
0.30%

12 Months

0.25%
0.30%
0.30%
0.30%
0.30%

On-Call Savings Account

Interest is credited six-monthly.
No fees apply.

$1 ~ $49,999

$50,000 +

0.10%
0.25%

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.