DDF - Diocesan Development Fund
What is the DDF?
In common with many Anglican Dioceses in Australia, a fund has been established since 1984 to assist development within the Anglican Diocese of Bendigo. The Diocesan Development Fund, DDF, accepts deposits from individuals and parishes within the Anglican community.
Why deposit with the DDF?
Security, return and flexibility. Three sound reasons to deposit today with the DDF. The DDF pays a competitive return on daily balances.
Interest is paid in June and December and may be drawn or re-lodged as required.
There are NO FEES with the DDF.
Security?
Funds with the DDF are invested by the Bendigo Diocesan Trusts Corporation through professional fund managers. The Bendigo Diocesan Trusts Corporation is the trustee for the Diocese of Bendigo. Professional management ensures the security and availability of depositors’ funds.
The DDF, while being part of the Anglican Diocese of Bendigo, is not prudentially supervised by A.P.R.A. Contributions to the DDF do not obtain the benefit of the depositor protection provisions of the Banking Act 1959. The DDF is designed for depositors who wish to support the charitable purposes of the Anglican Diocese of Bendigo.
Flexibility?
Withdrawals normally can be made at 24 hours notice given during business hours Monday to Friday and are paid direct to depositors by cheque or to a bank account.
Why use the DDF?
The DDF seeks to create an expanding Diocesan financial base and provides secure competitive benefits for depositors, which helps establish new ministry projects in our parishes, ministry development and training.
Types of Accounts
- At Call Account
- deposit and withdraw any amount within 24 hours
- Fixed Term Deposit
- six or twelve months with competitive interest rates
- Parish Bonus Account
- depositor does not earn interest but assists their parish with day to day running costs.
More details about these accounts are available, or a brochure may be requested by telephoning Free Call 1800 635 139
Current Interest Rates?
Please see link at end
How do I invest with the DDF?
It’s easy!
- Decide the amount to be deposited and the account you wish to set up
- Complete the application form – Contact the office to be sent this form
- attach your cheque to the application form
- then post it to:
The Diocesan Development Fund
c/- Diocesan Registry
PO Box 2
Bendigo Victoria 3552
A deposit in the DDF works as hard for you as it does your church.