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Interest rate changes to savings accounts

18 Jun 2021

We’ll be making some changes to our 55+ Account, Bonus Savings Account and Children’s Savings Account interest rates, effective Friday 25 June 2021.

You can see the details of the planned changes below, which will also be detailed in your account transactions in Internet Banking, the Mobile Banking App and in your next account statement:


55+ Account

Reduced the rate for balances between $50,000 - $250,000 from 0.30% pa to 0.20% pa.

Reduced the rate for balances over $250,000 from 0.40%pa to 0.30% pa.


Bonus Savings Account

Reduced the bonus rate for eligible account holders from 0.30% pa to 0.25% pa, which reduces the combined rate + bonus to 0.30% pa.


Children’s Savings Account

Reduced the bonus rate for eligible account holders from 1.15% pa to 1.05% pa, which reduces the combined rate + bonus to 1.10% pa.


You can see all of the current rates for our Savings and Transactions Accounts on our rates page.

If you have any questions feel free to get in touch by Secure Mail through Internet Banking or you can call us on (08) 8202 7777 from 8am-8pm Monday to Friday, or 8am-2pm on Saturdays.