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Interest rate update – 1 October 2022

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

What rates are changing?

Savings account rates

Effective 1 October 2022, some Savings account rates will increase.

Savings accounts
Reward saver 

Bonus Rate

1.49% pa to 1.89% pa
iSave  Base Rate 1.00% pa to 1.30% pa
Business iSave $10,000+ 0.50% pa to 0.70% pa
Clancy Koala

Bonus Rate

1.09% pa to 1.49% pa
Retirement account  Tiered Rate  
  $1 – $49,999 0.20% pa to 0.40% pa
  $50,000 <$250,000 0.50% pa to 0.70% pa
  $250,000+ 1.00% pa to 1.30% pa

More information and support​

You may have questions about the changes, so we have answered some of the more commonly asked questions here.

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