Interest Rates

Transaction Accounts

  • Everyday Account (S1)
    Everyday Account (S1)
    Interest Rates Rate
    $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 Rate
    $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 Rate
    $0 - $4,999 0.25% p.a.
    $5,000 - $19,999 0.90% p.a.
    $20,000 - $49,999 1.40% p.a.
    $50,000 - $99,999 1.65% p.a.
    $100,000 and over 1.65% p.a.
  • First Home Bonus Saver Account (S21)
    First Home Bonus Saver (S21)
    Interest Rates Rate
    Bonus Interest Rate 2.40% p.a.
    Base Rate 0.05% p.a.
  • Christmas Club (S3)
    Christmas Club (S3)
    Interest Rates Rate
    All amounts 1.00% p.a.
  • First Access (S18)
    First Access Account (S18)
    Interest Rates Rate
    All Amounts 1.00% p.a.
  • First Saver (S19)
    First Saver (S19)
    Interest Rates Rate
    $0 - $1,999 1.00% p.a.
    $2,000 and over 2.20% p.a.
  • Online Saver Account (S99)
    Online Saver (S99)
    Interest Rates Rate
    $0 - $1,999 0.05% p.a.
    $2,000 - $149,999 1.75% p.a.
    $150,000 and over 1.65% p.a.
  • Bonus Saver Account (S98)
    Bonus Saver Account (S98)
    Interest Rates Rate
    $0 - $149,999 2.25% p.a.
    $150,000 and above 2.05% p.a.
    Base Rate 0.05% p.a.
  • Pension Account (S9)
    Pension Account (S9)
    Interest Rates Rate
    For part of the balance between $0 - $48,599 1.50% p.a.
    For part of the balance between $48,600 - $149,999 2.50% p.a.
    For part of the balance $150,000 and over 2.50% p.a.

Term Deposits


Interest Rates effective 31 October 2017.
Term Deposit Interest Rates2,5
  • Term Deposit
    Term Deposits
    $500 - $19,999 $20,000 - $49,999 $50,000 - $99,999 $100,000 and over
    30 days (I18) 1.60% pa 1.60% pa 1.60% pa 1.60% pa
    60 days (I17) 1.60% pa 1.60% pa 1.60% pa 1.60% pa
    90 days (I16) 2.30% pa 2.30% pa 2.45% pa 2.45% pa
    120 days (I7) 2.30% pa 2.30% pa 2.45% pa 2.45% pa
    180 days (I15) 2.35% pa 2.35% pa 2.50% pa 2.50% pa
    270 days (I1) 2.35% pa 2.35% pa 2.50% pa 2.50% pa
    1 year (I12) 2.50% pa 2.50% pa 2.60% pa 2.60% pa
    2 years (I24) 2.65% pa 2.65% pa 2.75% pa 2.75% pa
    3 years (I36) 2.85% pa 2.85% pa 2.95% pa 2.95% pa
    4 years (I48) 2.85% pa 2.85% pa 2.95% pa 2.95% pa
    5 years (I60) 2.90% pa 2.90% pa 3.00% pa 3.00% pa

     

  • Regular Income Term Deposit (I3) (Conditions Apply)
    Regular Income Term Deposit
    Interest Rates Rate
    Minimum Deposit $5,000 2.60% p.a.

School Accounts


Schools and Preschools Interest Rates effective 31 October 2017.
School Term Deposit Interest Rates2
  • Everyday School Account (S55)
    Everyday School Account (S55)
    Interest Rates Rate
    $0 - $4,999 0.05% p.a.
    $5,000 and over 1.45% p.a.
  • School Term Deposits
    School Term Deposits
    $5000 - $99,999 $100,000 and over
    30- 90 days (I4) 2.45% pa 2.45% pa
    120-180 days (I5) 2.50% pa 2.50% pa

     

Preschool Accounts


Schools and Preschools Interest Rates effective 31 October 2017.

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. 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.
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.