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Interest rate announcement – 20 June 2022

Following the decision of the Reserve Bank of Australia (RBA) on 7 June 2022 to increase the official cash rate, we will be increasing a number of our savings account interest rates for both new and existing customers.

Effective 1 July 2022, the increases are as per below.

Savings accounts
Reward saver 

Bonus Rate

0.39% pa to 0.79% pa

Base Rate

0.25% pa to 0.55% pa
Clancy Koala 

Bonus Rate

0.44% pa to 0.74% pa
Retirement  Tiered Rate  
  $50,000 <$250,000 0.25% pa to 0.35% pa
  $250,000+ 0.45% pa to 0.75% pa

All other products and tiers currently remain unchanged. Learn more about our savings accounts.