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Interest rate update – 1 January 2023

Following the decision of the Reserve Bank of Australia (RBA) on 6 December 2022 to increase the official cash rate, we have reviewed our deposit interest rates.

What rates are changing?

Savings account rates

Effective 1 January 2023, some Savings account rates will increase.

Savings accounts 
Reward saver  Bonus rate  2.79% pa to 3.09% pa
iSave Base rate 1.60% pa to 1.75% pa
Business iSave $10,000+ 1.05% pa to 1.15% pa
Clancy Koala Bonus rate 2.79% pa to 3.04% pa
Retirement Account Tiered rate $1 – $49,999 Unchanged at 0.40% pa
  Tiered rate $50,000 – $249,999 Unchanged at 0.70% pa
  Tiered rate $250,000+ 1.45% pa to 1.60% pa

More information and support​

If you are experiencing financial difficulties, or anticipate that you may, the best thing you can do is speak to us as soon as possible. Please call us on 1300 004 863 or email