Important Change to Everyday Plus Accounts

We’re making a change to Everyday Plus Accounts.

Effective from 1 May 2025, there will be a change to the way interest is calculated and earned on the Everyday Plus Account.

What’s changing?

We’ll be changing the interest you can earn on balances by having three interest tiers instead of two. The interest tiers will also now be calculated as a blended rate meaning each balance portion in each tier will earn the applicable interest rate.

From 1 May 2025, here’s a snapshot of what changes will apply. Please note that variable interest rates are subject to change:

What do existing account holders need to do?

There’s nothing account holders need to do – the new balance tiers and interest rate will come into effect from 1 May 2025 automatically.

You can view the target market determination for this product at www.illawarracu.com.au/tmd.

If you’re an account holder and this product no longer meets your needs, we encourage you to reach out to us to discuss other options.

We’re happy to help

 If you have any questions please reach out to us via email at [email protected] or give us a call on 1300 132 249.

*Interest rate is current as at 28 February 2025 and subject to change without notice. ^Rate is current as of 1 May 2025 and subject to change without notice.