Interest Rates

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.

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.

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).

Interest on I41 and I43 calculated daily and credited on maturity.

These rates are for retail customers only and limits may apply.

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.

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.

Variable interest rates apply to the portion of the balance which falls within each tier. Account is available to account holders 15 to 35 years of age inclusive.​ The account is available for individual and joint account holders. For the purposes of account age eligibility on joint accounts the Primary account holders date of birth will be used. When the account holder, or primary account holder on a joint account turns 35 years of age you will no longer be eligible for this account. The account will be transferred to the Online Savings Account at the end of the month of account holder turning 35. Refer Terms and Conditions.