LLL Banking

Who is the LLL?

The LLL (Lutheran Laypeople’s League) is a Religious Charitable Development Fund.  The LLL exists to serve the Lutheran Church of Australia (LCA) in numerous ways, but especially in aspects of business and finance, and has been doing so since 1921.

The LLL operates Savings Accounts for members and supporters who wish to assist LCA organisations, including Lutheran Schools.  Deposited funds enable the LLL to provide low interest loans to approved LCA projects for building and equipping schools, churches and care facilities.

The LLL is NOT a Bank.  For a more detailed explanation of how the LLL operates, please refer to the ‘LLL Notice to Depositors’ on the LLL website.

Matching Deposits

The concept of Matching Deposits provides an ingenious way to support a particular project within the LCA and is unique to the LLL.  Approved projects are able to borrow funds from the LLL to the total amount of Matching Deposits at the low interest rate of 5% p.a.

For more information on the LLL and Matching Deposits please contact the School Office or visit the LLL website www.lll.org.au

Redeemer and the LLL

Redeemer Lutheran Primary School was established in 1978 through loans from the LLL.

Since Redeemer has been granted Change of Attribute to allow the School to grow into a K to 10 College, an intensive building program will be undertaken from 2013-2016 that will cost in excess of $5 million to provide modern, state of the art facilities.  The College will apply for an LLL Loan to support the development.

How can your deposit with LLL help Redeemer Lutheran College, Biloela?

Are you saving for a holiday, a new car or School fees?

You can help yourself and the College by opening an account with LLL and making it a “Matching Deposit” for Redeemer.  The account earns you an attractive interest rate while funds remain ‘at call’ so you always have access to your money when you need it.  Deposit Book or Internet Savings Account options are available to parents.

Will it be a skate board, a computer or a new bike?

Students can also support our development through LLL Student Deposits.  Deposit Books and money are brought to Administration on Wednesday mornings and updated Deposit Books are returned in the afternoon.  These ‘at call’, Matching Deposit Accounts earn the same high interest which is added 31 May each year.  Students can watch their savings grow!

For more information on the LLL, visit their website at www.lll.org.au  or pick up an LLL Savings Account Application Form from our Administration Office and open an account today!