As of Thursday 1 October 2020, we are making some changes to our iSave account.
What does this mean for you?
We have made it easier than ever to earn interest by removing the $5,000 balance requirement, so that you earn interest from the first $1 in the account.
From 1 October 2020, we are simplifying your account by removing:
- the bonus interest component but increasing the base interest to 0.65% p.a.;
- the minimum deposit requirement of $50 per month;
- the restrictions on withdrawals to qualify for interest payments.
You now earn the Base interest rate regardless of deposits or withdrawals from the account.
Please see the table below for product information on this change.
New iSave (effective 1 October 2020).
Amount |
Interest Rate |
Eligibility conditions |
| $1+ |
0.65%p.a
|
None
|
All other terms and conditions remain unchanged. Full details can be found in our Product Disclosure Statement which is available from any Hume Bank branch.
Interest Rates are subject to change and can be found here. We still have a savings account which pays bonus interest, please see our Reward Saver account for further information.
Feel free to call us on 1300 004 863, email [email protected] or drop in to one of our branches if you have any questions. We’re here to help.