Important Udpate – Deposit Rate Changes

We’re making changes to our deposit rates.

From time to time, we review our rates and fees and have made a decision to decrease interest rates across some of our deposit products to take effect from the dates as listed below.

 

Changes to Everyday & Savings Accounts – Effective 28 February 2025

Everyday Plus	Balance	Interest Rate
	$0- $249,999	1.40%
	$250,000 +	1.75%
Saver	Balance	Interest Rate
	$0 - $99,999	2.25%
	$100,000 - $249,999	2.25%
	$250,000 plus	0.05%
Christmas	Balance	Interest Rate
	$0 - $29,999	0.40%
	$30,000+	0.00%

Rates current as at 28 February 2025, and are subject to change.

 

Changes to our Personal Term Deposits – Effective 28 February 2025

Term Deposits – Interest Maturity	Current Tier	Interest Rate
1 month	$1,000+	1.75%
2 months	$1,000+	1.75%
3 months	$1,000+	4.25%
4 months	$1,000+	4.25%
5 months	$1,000+	4.25%
6 months	$1,000+	4.40%
7 months	$1,000+	4.40%
8 months	$1,000+	4.40%
9 months	$1,000+	4.40%
10 months	$1,000+	4.40%
11 months	$1,000+	4.40%
12 months	$1,000+	4.40%
12 months – interest monthly	$1,000+	4.30%

Rates current as at 28 February 2025, and are subject to change.

  

Changes to our Business Term Deposits – Effective 28 February 2025

Term Deposits – Interest Maturity	Current Tier	Interest Rate
1 month	$1,000+	1.50%
2 months	$1,000+	1.50%
3 months	$1,000+	4.25%
4 months	$1,000+	4.25%
5 months	$1,000+	4.25%
6 months	$1,000+	4.40%
7 months	$1,000+	4.40%
8 months	$1,000+	4.40%
9 months	$1,000+	4.40%
10 months	$1,000+	4.40%
11 months	$1,000+	4.40%
12 months	$1,000+	4.40%
12 months – interest monthly	$1,000+	4.30%

Rates current as at 28 February 2025, and are subject to change.

 

Changes to Savings Accounts – Effective 1 March 2025

Bonus Saver	Balance	Interest Rate
	$0 plus (base interest)	0.00%
	Bonus interest on the part of the balance from $0 to $99,999	4.00%
	Bonus interest on the part of the balance $100,000 to $249,000	4.00%
	Bonus interest on the part of the balance $250,000 to $1,999,999	4.00%
	Bonus interest on the part of the balance $2,000,000 +	4.00%
Wildlife Saver	Balance	Interest Rate
	$0 - $25,000	2.25%
	$25,000 plus	0.00%

Rates current as at 1 March 2025, and are subject to change.