Sunday, July 30, 2006

make a difference with YOUR banking

Do you know who your money is working for? Who it's invested with? Goals in the US? (like ING does); Kraft foods (owned by Philip Morris).
uranium mining; arns dealing, or hundreds of other nasty businesses that you wouldn't want to know about.

No doubt you've heard about "ethical investment". If your not happy about not knowing what your money is used for, think about this investment option (that calculates interest daily, and pays monthly, at competitive rates).

Oxfam Australia

04 Jul 06
A little banking can bring big change - New Bendigo Bank Account makes contribution to communities around the globe

Since 1992, Bendigo Bank account holders have contributed over $3 million to Oxfam Australia through payments to the Ethical Investment Trust. The Trust was initiated by Oxfam Australia to encourage and support a fairer and more equitable world. It supported ethical ventures within Australia and directly contributed to the work of Oxfam Australia with poor communities around the globe. From July 1, a new account will see a continuation of the relationship between the community-focused Bendigo Bank and Oxfam Australia to serve people who seek socially responsible investment options.

From 1 July, Oxfam Australia will directly manage its relationship with Bendigo Bank, following the conclusion of the Ethical Investment Trust.

From 1 July, Bendigo Bank will change the account name from Bendigo Ethical Investment Cash Management Account to Bendigo Oxfam Australia Cash Management Account. The new name clearly states who benefits from the account.

Offered exclusively by Bendigo Bank, the Bendigo Oxfam Australia Cash Management Account provides banking benefits for you while supporting the work of Oxfam Australia. With competitive interest calculated daily and paid monthly, plus the convenience of at-call access through the Bendigo Bank branch network, phone or e-banking, the Bendigo Oxfam Australia Cash Management Account functions like any normal cash management account. The difference being, that whenever you open a Bendigo Oxfam Australia Cash Management Account, Oxfam Australia benefits.

Oxfam Australia uses the funds to support its long-term development programs, emergency relief work and advocacy campaigns in over 25 countries and in Indigenous Australia.

How does it work? Oxfam Australia receives money from the Bendigo Oxfam Australia Cash Management Account in the following ways:

1. Oxfam Australia receives a commission from Bendigo Bank of up to 0.5%* p.a. of the balance of all Bendigo Oxfam Australia Cash Management Accounts.

2. Bendigo Bank forwards Oxfam Australia the interest earned on individual accounts should you choose to direct all or half of your interest to Oxfam Australia.

Even if you choose to retain all of the interest earned, Oxfam Australia still benefits.

Bendigo Bank’s unique community banking model allows for a "community of interest", a collection of stakeholders from the not-for-profit and community sector sharing a common purpose. This exciting new account is offered to all who wish to be part of a community that makes a difference here and abroad.

For information on how you too can make a difference, drop-in to your nearest Bendigo Bank branch, or register your interest at www.oxfam.org.au/cashmanagement.

Media Contact: Marlene McIntyre on 0407 515 559 or (03) 9289 9415
see recommended sites for web addess.