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 to this account do not constitute a deposit.

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  Interest is calculated by applying the daily percentage rate to the daily balance and paid monthly. The daily percentage rate is the applicable annual percentage rate divided by 365.

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  The conditional bonus interest rate is payable if no withdrawals are made during the calendar month. Interest is calculated by applying the daily percentage rate to the daily balance and paid monthly.

• ⁴ 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.
• ⁵ 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.
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  Interest is calculated by applying the daily percentage rate applicable to each portion of the daily balance to the relevant balance tiers and paid monthly on the last day of every month. The daily percentage rate is the applicable annual percentage rate divided by 365. Rates are subject to change.

^*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.