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UPDATES
Following the decision of the Reserve Bank of Australia (RBA) on Tuesday, 6 June 2023 to increase the official cash rate, we have reviewed our savings and term deposit interest rates.
What rates are changing?
Savings account rates
Effective Wednesday, 14 June, some Savings account rates will increase.
| Savings account rates | ||
| Retirement account | $1- $49,999 | 0.95% pa to 1.20% pa |
| $50,000- $249,999 | 1.25% pa to 1.50% pa | |
| $250,000+ | 2.15% pa to 2.40% pa | |
| Business iSave | $10,000 + | 2.00% pa to 2.50% pa |
| iSave | $1 + | 2.70% pa to 3.00% pa |
| Farm Management Deposit account | $1,000 – $800,000 | 4.05% pa 4.40% pa |
Term deposit rates
Effective Wednesday, 14 June, some Term Deposit account rates will change.
| Interest paid annually or on maturity | ||
| 12 months | $1,000 – $4,999 | Unchanged at 0.15% pa |
| $5,000 and over | 4.05% pa to 4.40% pa | |
| 100D | $5,000 and over | 4.50% pa |
| 3 months | $1,000 – $4,999 | Unchanged at 0.05% pa |
| $5,000 and over | 3.00% pa to 3.35% pa | |
| Regular Income – interest paid every 28 days | ||
| 12 months | $5,000 and over | 3.95% pa to 4.30% pa |
| 6 months | $5,000 and over | 3.50% pa to 3.75% 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 customercare@