Business Account Interest Rates

• ¹ Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. 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.
• ² Eligibility criteria, conditions, fees and charges apply for overdrafts. Full terms and conditions are available on application. Interest rates shown are the minimum interest rates that may be applicable, are variable and are subject to change and depending on the credit application interest margins may apply. Overdraft facilities may be required to be secured over residential property, commercial property, or other assets.
• ³ Interest is calculated by applying the daily percentage rate applicable to the daily balance as set out to the entire balance and paid 3 monthly on 31st March, 30th June, 30 September and 31 December.
• ⁴ Interest on Farm Management Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. We may allow you to break your Farm Management Deposit before the Maturity Date, subject to you first providing us with a valid request in writing no less than 31 calendar days’ prior, unless financial hardship applies. A reduced interest rate applies if Farm Management Deposits are redeemed before Maturity Date. The reduced interest rate is 0.50% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.
• ⁵ Interest rates are subject to change. Interest is calculated by applying the daily percentage rate applicable to the daily balance as set out 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. 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.
• ⁶ Offered to licensed agents holding client funds pending settlement of purchases and depositing of rental monies by tenants. 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.
• ⁷ Offered to solicitors for holding client payments relating to property, conveyancing, estate settlements, investment and other trust monies. 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.
• ⁸ Offered to licensed conveyancers who are required by law to hold client's money in a complying trust account. 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.

Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December.*
_{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 and 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.
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
** Interest on Farm Management Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. A reduced interest rate applies if Farm Management Deposits are redeemed before Maturity Date. The reduced interest rate is 0.50% per annum calculated from the date the account was opened to the date of early redemption.