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Interest rate update – 31 October 2022

Following the decision of the Reserve Bank of Australia (RBA) on 4 October 2022 to increase the official cash rate, we have reviewed our deposit and savings interest rates.

What rates are changing?

Savings account rates

Effective 1 November 2022, the following Savings account rates will increase:

Savings accounts
Reward saver  Bonus rate 1.89% pa to 2.29% pa
iSave Base rate 1.30% pa to 1.40% pa
Business iSave  $10,000+ 0.70% pa to 0.90% pa
Clancy Koala  Bonus rate 1.49% pa to 2.29% 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