PRE-PAYMENT INCENTIVE SCHEME
Pre-Pay with Norco
Through the Norco Pre-Payment Program you can Pre-Pay into your Norco account and receive a 4.2% p.a. reward on future goods and services purchased from Norco Rural stores and Norco Stockfeeds.
Here's how it works:
Who is eligible for the Norco Pre-Payment Program?
To be eligible for the Norco Pre-Payment Program, you must deposit money into your Norco Pre-Payment Account. If you don’t currently have a account - no worries! We can set you up.
Minimum amount to be deposited to be eligible for the 4.2% p.a. reward will be $10,000.
There is no charge to participate in the program.
What is the reward and how are the Pre-Payment funds administered?
A reward of 4.2% p.a. will be applied to your Norco Pre-Payment Account.
You may select one of two options to choose how your Pre-Payment funds will be administered:
- Use Pre-Pay amount to pay monthly statement until funds are exhausted.
- Advisewhen Pre-Pay funds are to be utilised.
What are the terms and the reward period for the Pre-Payment Program?
Interest will be calculated on the monthly closing balance and credited monthly in arrears.
Interest will be credited during the first working week of the new financial month as a credit to your Pre-Payment account.
Interest will only be calculated and credited on pre- payment amounts greater than $10,000 at month end.
The Pre-Payment can only be redeemed via the purchase of goods and services offered by Norco Rural and Norco Stockfeeds.