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Interest Rates

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Accounts

Interest Rates effective 3 July 2017.

  Everyday Account (S1)
  Interest rate (p.a.)
$0 - $14,999 0.05% pa
$15,000 - $29,999 0.05% pa
$30,000 and over 0.05% pa
  Budget Account (S2)
  Interest rate (p.a.)
$0 - $14,999 0.05% pa
$15,000 - $29,999 0.05% pa
$30,000 and over 0.05% pa
  Cash Management (S10)
  Interest rate (p.a.)
$0 - $4,999 0.25% pa
$5,000 - $19,999 0.90% pa
$20,000 - $49,999 1.40% pa
$50,000 - $99,999 1.65% pa
$100,000 and over 1.65% pa
  First Home Bonus Saver Account (S21)

First Home Bonus Saver Account Interest Rates effective 3 July 2017.

  Interest rate (p.a.)
Bonus Interest 2.40% pa6
Base Rate 0.05% pa
  Christmas Club (S3)
  Interest rate (p.a.)
All Amounts 1.00% pa
  First Access (S18)
  Interest rate (p.a.)
All Amounts 1.00% pa
  First Saver (S19)
  Interest rate (p.a.)
$0 - $1,999 1.00% pa
$2,000 and over 2.20% pa
  Online Saver Account (S99)
  Interest rate (p.a.)
$0 - $1,999 0.05% pa
$2,000 - $149,999 1.75% pa
$150,000 and over 1.65% pa
  Bonus Saver Account (S98)

Bonus Saver Interest Rates effective 3 July 2017.

  Interest rate (p.a.)
$0 - $149,999 2.25% pa1
$150,000 and over 2.05% pa1
Base rate 0.05% pa
  Pension Account (S9)

Interest is calculated on the portion of the balance which falls within each tier at the applicable rate.

Pension Interest Rates effective 3 July 2017.

  Interest rate (p.a.)
For part of the balance between $0 - $48,599 1.50% pa
For part of the balance between $48,600 - $149,999 2.50% pa
For part of the balance $150,000 and over 2.50% pa

 

 

Term Deposits

Interest Rates effective 3 July 2017.
Term Deposit Interest Rates2,5

  Term Deposits
  $500 - $19,999 $20,000 - $49,999 $50,000 - $99,999 $100,000 and over
30 days (I18) 1.60% pa 1.60% pa 1.60% pa 1.60% pa
60 days (I17) 1.60% pa 1.60% pa 1.60% pa 1.60% pa
90 days (I16) 2.35% pa 2.35% pa 2.50% pa 2.50% pa
120 days (I7) 2.35% pa 2.35% pa 2.50% pa 2.50% pa
180 days (I15) 2.40% pa 2.40% pa 2.55% pa 2.55% pa
270 days (I1) 2.40% pa 2.40% pa 2.55% pa 2.55% pa
1 year (I12) 2.65% pa 2.65% pa 2.75% pa 2.75% pa
2 years (I24) 2.85% pa 2.85% pa 2.95% pa 2.95% pa
3 years (I36) 2.85% pa 2.85% pa 2.95% pa 2.95% pa
4 years (I48) 2.85% pa 2.85% pa 2.95% pa 2.95% pa
5 years (I60) 2.90% pa 2.90% pa 3.00% pa 3.00% pa
  Regular Income Term Deposit (I3) (Conditions Apply)
  Interest rate (p.a.)
Minimum Deposit $5,000 2.75% pa

 

 

School Accounts

Schools and Preschools Interest Rates effective 6 March 2017.
School Term Deposit Interest Rates2

  Everyday School Account (S55)
  Interest rate (p.a.)
$0 - $4,999 0.05% pa
$5,000 and over 1.45% pa
  School Term Deposits
  $5000 - $99,999 $100,000 and over
30- 90 days (I4) 2.50% pa 2.50% pa
120-180 days (I5) 2.55% pa 2.55% pa

 

Preschool Accounts

Schools and Preschools Interest Rates effective 6 March 2017.

  Day to Day Account (S41)
  Interest rate (p.a.)
$0 - $14,999 0.05% pa
$15,000 - $29,999 0.05% pa
$30,000 and over 0.05% pa
  Fundraising Account (S43)
  Interest rate (p.a.)
$1 and over 1.00% pa
  Petty Cash Account (S44)
  Interest rate (p.a.)
$1 and over 0.05% pa
  Preschool Savings Accounts (S46)
  Interest rate (p.a.)
$0 - $4,999 0.05% pa
$5,000 and over 1.45% pa
  Long Service & Sick Leave Provisions Account (S47)
  Interest rate (p.a.)
$1 and over3 1.45% pa
  Preschool Term Deposits2,4
  $500 - $4,999 $5,000 - $99,999 $100,000 and over
Long Service and Sick Leave (I40)7 2.75% pa 2.75% pa 2.75% pa
30-90 days (I41) N/A 2.50% pa 2.50% pa
120-180 days (I43) N/A 2.55% pa 2.55% pa

 

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates
Part C - Schools and Preschools - Interest Rates

 


Important Information
1. Bonus interest additional to the base rate applies when you make at least one deposit of a minimum of $1.00 and no withdrawals are made in the calendar month.
2. A Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term.
3. At the end of each quarter, the balance of the S47 will be transferred into the Preschool Long Service and Sick Leave Term Deposit (I40).
4. Interest on I41 and I43 calculated daily and credited on maturity.
5. These rates are for retail customers only and limits may apply.
6. Bonus interest additional to the base rate is earned when deposits totalling a minimum of $100 and no withdrawals are made in the calendar month.
7. Interest is credited to the account on 30 June and 31 December of each year and on maturity on 1 September of each year. Withdrawals are restricted to payments of long service and sick leave owing to staff. Additional deposits can be made to an existing deposit, by the quarterly sweep from the Long Service and Sick Leave Provisions Account or if received within five business days from maturity. Deposits received at any other time will be accepted as a separate deposit under the Terms and Conditions prevailing at the time.