Savings Account Interest Rates

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  Interest is calculated by applying the daily percentage rate applicable to the daily balance to the entire balance and paid on the last day of every month. The daily percentage rate is the applicable annual percentage rate divided by 365. Interest will be calculated and paid if there has been at least one deposit and no withdrawals on the account during the calendar month. If this condition is not met, no interest will be paid for that month. Interest credits from this account do not constitute a deposit.

• ² Interest is calculated by applying the daily percentage rate to the daily balance and paid monthly. Bonus Interest of 10% of the amount of interest earned is payable if there are no withdrawals for the month. The daily percentage rate is the applicable annual percentage rate divided by 365.
• ³ Interest is calculated by applying the daily percentage rate applicable to the daily balance to the entire balance and paid three monthly on 31 March, 30 June, 30 September and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.
• ⁴ Interest is calculated by applying the daily percentage rate to the whole daily balance and paid 6 monthly on 30 June and 31 December. The daily percentage rate is the applicable annual percentage rate divided by 365.
• ⁵ Tiered interest rates apply: Different interest rates may apply to different portions of account balances. Fees and charges may apply. Interest rates are subject to change. Interest is calculated by applying the daily percentage rate to the different portions of the daily balance and paid monthly on the last day of each month. The daily percentage rate is the applicable annual percentage rate divided by 365.

^*Penalty Interest will be charged at a rate of 20.00% per annum on overdrawn accounts. This penalty interest will be calculated daily and charged on a monthly basis.

This is Part 3 – Deposit Interest Rate Schedule of the Product Disclosure Statement (PDS). It must be read in conjunction with: Part 1 - Key Features and Terms and Conditions and Part 2 - Schedule of Fees, Charges and Transaction Limits. You should consider the PDS in its entirety in deciding whether to acquire or continue to hold any of the products the subject of the PDS.