Changes to interest rates
We’ve made some changes to the interest rates on a number of our Savings and Transaction Accounts and their Terms and Conditions (T&Cs), effective Thursday 10 December 2020.
You can see the details of the interest rate changes we’ve made below, and these will also be detailed in your account transactions in Internet Banking, the Mobile Banking App, and in your next account statement:
Reduced the rate for balances between $50,000 - $250,000 from 0.45% pa to 0.35% pa.
Reduced the rate for balances over $250,000 from 0.65%pa to 0.55% pa.
Removed the rate tiers. All balances will now receive 0.05% pa.
Removed the bonus rate. All balances will receive 0.20% pa on their savings.
Reduced the bonus rate for eligible account holders from 0.60% pa to 0.50% pa.
Reduced the bonus rate for eligible account holders from 1.45% pa to 1.35% pa.
Online Savings Account
Reduced the bonus rate for eligible account holders from 0.30% pa to 0.20% pa.
First Home Saver Account
Reduced the rate on the entire balance from 0.50% pa to 0.40% pa.