Savings Interest Rate Changes
We are increasing the interest rates for the following savings products, effective 1 December 2023.
- Bonus Saver (S7) for balances $1 - $100,000 interest rate increased by 0.25% p.a to 2.75% (inclusive of the base plus bonus rate)1.
- Power-Up eSaver (S6) for balances $1 and over interest rate increased by 0.10% p.a. to 2.25% p.a2.
For more details, please see our latest interest rate schedule below.
1. Bonus interest rate applies to account balances up to $100,000 and only for a calendar month in which a minimum deposit of $50 is made and no withdrawals, debit transfers or electronic debits. The standard interest rate applies to any balance over $100,000, and to any month in which you do not meet the criteria for the bonus interest rate. Personal banking only. Balances of all your Bonus Saver accounts are added together. The bonus interest rate is currently 2.74% p.a. and the standard interest rate is currently 0.01% p.a. Interest is calculated daily and payable monthly.
2. Interest is calculated daily and paid monthly.
For all products above
- rates are subject to change
- eligibility criteria, terms and conditions, fees and charges apply.
- the information given has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs. You should obtain and consider the Product Disclosure Statement here.
