Savings Account Interest Rate Changes
In line with the RBA’s recent announcement to increase the official cash rate, we are increasing the interest rate across our Savings accounts by up to 0.75% p.a., effective 1 January 2023.
|
Product |
New Rate |
Base Rate |
|
Bonus Saver^# |
3.45%* |
0.10% |
|
Growth Saver$ |
4.50%** |
0.10% |
|
Online Saver^ |
3.15% |
|
|
Express Saver~ |
2.30% |
|
|
Christmas Saver+ |
1.00% |
|
The current interest rates for all of our Savings and Term Deposit products can be viewed on
our Interest Rates page.
The current rate for our retired products can be viewed on our Retired Products Interest Rates page.
Home Loan Interest Rate Changes
Balancing the interests of both our borrowing and deposit members, we have also made the decision to increase the interest rates across our variable home and investment loan products, effective 1 January 2023. To view the latest rates, please visit our Interest Rates page.
Members will be contacted individually regarding their rate change and any subsequent changes to their home loan repayments.
Questions
If you have any questions about these changes, please contact us.
Interest rates subject to change. All rates quoted are per annum (p.a.)
^Online Savings Accounts. Paper statements are not available for these accounts
#The Bonus Saver was suspended from 9 October 2020-19 November 2020. Bonus rate applied on balances up to $250,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month. Otherwise, base rate applies. Interest calculated on daily balance and paid monthly.
$ Bonus rate applied on balances up to $25,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month. Otherwise, base rate applies. Interest calculated on daily balance and paid monthly.
~ No longer available for new accounts.
+Interest calculated on the minimum monthly balance and paid on 31 October.
* Bonus interest rate applied on balances up to $250,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month. Otherwise the base interest rate will apply.
** Bonus interest rate applied on balances up to $25,000 when the account holder makes a minimum deposit of $200 and no withdrawals within a calendar month. Otherwise the base interest rate will apply.
