Interest Rates

Transaction & Savings Accounts

Interest Rates effective 23 September 2020.
  • Everyday Account (S1)
    Everyday Account (S1)
    Interest Rates Interest Rates
    $0 - $14,999 0.05% p.a.
    $15,000 - $29,999 0.05% p.a.
    $30,000 and over 0.05% p.a.
  • Budget Account (S2)
    Budget Account (S2)
    Interest Rates Interest Rates
    $0 - $14,999 0.05% p.a.
    $15,000 - $29,999 0.05% p.a.
    $30,000 and over 0.05% p.a.
  • Cash Management (S10)
    Cash Management (S10)
    Interest Rates Interest Rates
    $0 - $4,999 0.05% p.a.
    $5,000 - $19,999 0.10% p.a.
    $20,000 - $49,999 0.20% p.a.
    $50,000 - $99,999 0.45% p.a.
    $100,000 and over 0.45% p.a.
  • First Home Bonus Saver Account (S21)
    First Home Bonus Saver (S21) 6
    Interest Rates Interest Rates
    Bonus Interest Rate 0.95% p.a.
    Base Rate 0.05% p.a.
  • Christmas Club (S3)
    Christmas Club (S3)
    Interest Rates Interest Rates
    All amounts 0.30% p.a.
  • First Access (S18)
    First Access Account (S18)
    Interest Rates Interest Rates
    All Amounts 0.35% p.a.
  • First Saver (S19)
    First Saver (S19)
    Interest Rates Interest Rates
    $0 - $1,999 0.45% p.a.
    $2,000 and over 0.75% p.a.
  • Online Saver Account (S99)
    Online Saver (S99)
    Interest Rates Interest Rates
    $0 - $1,999 0.05% p.a.
    $2,000 - $149,999 0.45% p.a.
    $150,000 and over 0.35% p.a.
  • Bonus Saver Account (S98)
    Bonus Saver Account (S98) 1
    Interest Rates 1 Interest Rates
    $0 - $149,999 0.85% p.a.
    $150,000 and above 0.75% p.a.
    Base Rate 0.05% p.a.
  • Pension Account (S9)
    Pension Account (S9)
    Interest Rates Interest Rates
    For part of the balance between $0 - $48,599 0.45% p.a.
    For part of the balance between $48,600 - $149,999 0.70% p.a.
    For part of the balance $150,000 and over 0.70% p.a.

Term Deposits

Term Deposit Interest Rates2,5
Interest Rates effective 23 September 2020.
  • Term Deposit
    Term Deposits
    $500 - $19,999 $20,000 - $49,999 $50,000 - $99,999 $100,000 and over
    30 days (I18) 0.40% p.a. 0.40% p.a. 0.40% p.a. 0.40% p.a.
    60 days (I17) 0.40% p.a. 0.40% p.a. 0.40% p.a. 0.40% p.a.
    90 days (I16) 0.60% p.a. 0.60% p.a. 0.75% p.a. 0.75% p.a.
    120 days (I7) 0.70% p.a. 0.70% p.a. 0.85% p.a. 0.85% p.a.
    180 days (I15) 0.70% p.a. 0.70% p.a. 0.85% p.a. 0.85% p.a.
    270 days (I1) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    1 year (I12) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    2 years (I24) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    3 years (I36) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    4 years (I48) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    5 years (I60) 0.75% p.a. 0.75% p.a. 0.85% p.a. 0.85% p.a.
    Interest First Term Deposit
    $500 - $19,999 $20,000 - $49,999 $50,000 - $99,999 $100,000 - $1,000,000
    150 days (I55) 0.70% p.a. 0.70% p.a. 0.85% p.a. 0.85% p.a.

     

  • Regular Income Term Deposit (I3) (Conditions Apply)
    1 Year Regular Income Term Deposit
    Interest Rates Interest Rates
    Minimum Deposit $5,000 0.85% p.a.

School Accounts

School Term Deposit Interest Rates2

Schools and Preschools Interest Rates effective 23 September 2020.
  • Everyday School Account (S55)
    Everyday School Account (S55)
    Interest Rates Interest Rates
    $0 - $4,999 0.05% p.a.
    $5,000 and over 0.45% p.a.
  • School Term Deposits
    School Term Deposits
    $5000 - $99,999 $100,000 and over
    30- 90 days (I4) 0.75% p.a. 0.75% p.a.
    120-180 days (I5) 0.85% p.a. 0.85% p.a.

     

Preschool Accounts

Schools and Preschools Interest Rates effective 23 September 2020.
  • Day to Day Account (S41)
    Day to Day Account
    Interest Rates Interest Rates
    $0 - $14,999 0.05% p.a.
    $15,000 - $29,999 0.05% p.a.
    $30,000 and over 0.05% p.a.
  • Fundraising Account (S43)
    Fundraising Account (S43)
    Interest Rates Interest Rates
    $1 and over 0.30% p.a.
  • Petty Cash Account (S44)
    Petty Cash Account (S44)
    Interest Rates Interest Rates
    $1 and over 0.05% p.a.
  • Preschool Savings Accounts (S46)
    Preschool Savings Account (S46)
    Interest Rates Interest Rates
    $0 - $4,999 0.05% p.a.
    $5,000 and over 0.50% p.a.
  • Long Service & Sick Leave Provisions Account (S47)
    Long Service and Sick Leave Provisions
    Interest Rates Interest Rates
    $1 and over 0.50% p.a.
  • Preschool Term Deposits
    Preschool Term Deposits2,4
    $500 - $4,999 $5000 - $99,999 $100,000 and over
    Long Service and Sick Leave (I40)7 0.85% p.a. 0.85% p.a. 0.85% p.a.
    30-90 days (I41) N/A 0.75% p.a. 0.75% p.a.
    120-180 days (I43) N/A 0.85% p.a. 0.85% p.a.

     


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. 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.