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Interest Rates

View our interest rates for our Transaction, Savings, and Term Deposit Accounts. 

Interest Rates for School and Pre-School Accounts are also listed below.

Interest Rates effective 1 December 2020.
Schools and Preschools Interest Rates effective 1 December 2020.

Transaction & Savings Accounts

Term Deposits

  • Under 1 year
    Term deposits
    Interest calculated daily2,5
    Term deposits
    Interest calculated daily2,5
    $500 -
    $19,999
    $20,000 -
    $49,999
    $50,000 -
    $99,999
    $100,000
    and over
    30 Days (I18)
    $500 - $19,999

    0.30%

    $20,000 - $49,999

    0.30%

    $50,000 - $99,999

    0.30%

    $100,000 and over

    0.30%

    60 Days (I17)
    $500 - $19,999

    0.30%

    $20,000 - $49,999

    0.30%

    $50,000 - $99,999

    0.30%

    $100,000 and over

    0.30%

    90 Days (I16)
    $500 - $19,999

    0.40%

    $20,000 - $49,999

    0.40%

    $50,000 - $99,999

    0.55%

    $100,000 and over

    0.55%

    120 Days (I7)
    $500 - $19,999

    0.55%

    $20,000 - $49,999

    0.55%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    180 Days (I15)
    $500 - $19,999

    0.55%

    $20,000 - $49,999

    0.55%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    270 Days (I1)
    $500 - $19,999

    0.60%

    $20,000 - $49,999

    0.60%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    Interest First Term Deposit
    Interest calculated daily2,5
    Interest First Term Deposit
    Interest calculated daily2,5
    $500 -
    $19,999
    $20,000 -
    $49,999
    $50,000 -
    $99,999
    $100,000
    and over
    150 days (I55)
    $500 - $19,999

    0.55%

    $20,000 - $49,999

    0.55%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

  • 1 year and over
    Term deposits
    Interest calculated daily2,5
    Term deposits
    Interest calculated daily2,5
    $500 -
    $19,999
    $20,000 -
    $49,999
    $50,000 -
    $99,999
    $100,000
    and over
    1 Year (I12)
    $500 - $19,999

    0.60%

    $20,000 - $49,999

    0.60%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    2 Years (I24)
    $500 - $19,999

    0.60%

    $20,000 - $49,999

    0.60%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    3 Years (I36)
    $500 - $19,999

    0.60%

    $20,000 - $49,999

    0.60%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    4 Years (I48)
    $500 - $19,999

    0.60%

    $20,000 - $49,999

    0.60%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    5 Years (I60)
    $500 - $19,999

    0.60%

    $20,000 - $49,999

    0.60%

    $50,000 - $99,999

    0.70%

    $100,000 and over

    0.70%

    Regular Income Term Deposit
    Interest calculated daily2,5
    Regular Income Term Deposit
    Interest calculated daily2,5
    $5,000
    and over
    1 Year (I3)
    $5,000 and over

    0.70%

School Accounts

Preschool Accounts

Terms and Conditions

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. Subject to our Terms and Conditions, 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. Part withdrawals are not permitted on the Interest First Term Deposit product.
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.