Savings Interest Rate Changes
We are reducing the interest rates for the following savings products, effective 1 November 2023.
- Bonus Saver (S7) for balances $1 - $100,000 interest rate reduced by 0.10% to 4.50% (inclusive of the base plus bonus rate)1.
- MoneyMAX (S12) for balances $1 and over interest rate reduced by 0.10% to 4.90%2.
For more details, please see our latest interest rate schedule below.
Eligibility criteria, terms and conditions, fees and charges apply. Interest rates are on a per annum basis.
1. Bonus interest rate applies to account balances under $100,000 if those accounts have:
- a minimum monthly deposit of $50 and
- no withdrawals, transfers within the calendar month
Standard interest rate applies to account balances
- over $100,000, and
- up to $100,000 if the account does not meet above criteria for bonus interest rate.
Example: Member’s bonus saver account balance is $112,413.59 at the end of the month. During the month member has deposited $50 and made no withdrawals. Bonus interest is payable on $100,000 and standard interest is payable on $12,413.59. Interest is calculated daily and paid monthly.
Bonus interest rate is currently 4.49% and standard interest rate is currently 0.01%. Rates are subject to change.
Personal banking only. Only one bonus saver account can be opened per membership.
2. Interest is calculated daily and paid monthly.
