Interest Rates
Rates effective from 23 June 2009 and subject to change without notice.
| Simply Access (S1) |
|---|
| $1 - $24,999 |
0.05% p.a. |
| $25,000 - $49,999 |
0.10% p.a. |
| $50,000 + |
0.25% p.a. |
Step up interest rates calculated on daily balances and paid quarterly |
| Cash Management (S8) |
|---|
| $1 - $4,999 |
Nil |
| $5,000 - $24,999 |
0.60% p.a. |
| $25,000 - $99,999 |
1.35% p.a. |
| $100,000 - $249,000 |
2.85% p.a. |
| $250,000 + |
3.10% p.a. |
Tiered interest rates calculated on daily balances and paid quarterly |
| Loan Offset (S9) |
|---|
| Set-off is equivalent to: |
| $1 - $4,999 |
1.00% p.a. |
| $5,000 + |
2.00% p.a. |
Tiered interest rates calculated on daily balances and set-off applied monthly to eligible linked Heritage loan account |
| Mortgage Crusher (S10) |
|---|
Full set-off at daily balances applied monthly to eligible linked Heritage loan account |
| Club Cheque (S21) |
|---|
| All balances |
0.05% p.a. |
Interest calculated on daily balances and paid 3 monthly |
| Money Manager (S24) / Body Corporate (S16) |
|---|
| Working rate |
0.15% p.a. |
| Term rates (in addition to working rate) |
| $5,000 - $24,999 |
0.75% p.a. |
| $25,000 - $99,999 |
1.60% p.a. |
| $100,000 - $249,999 |
2.90% p.a. |
| $250,000 + |
3.40% p.a. |
Tiered interest rates calculated on daily balances and paid 3 monthly. Term rates available only on funds remaining in account for 3 months minimum |
| Pension Plus (S65) |
|---|
| $1 - $1,999 |
1.50% p.a. |
| $2,000 - $40,999 |
2.00% p.a. |
| $41,000+ |
3.00% p.a. |
Step up interest calculated on daily balances and paid monthly |
| Simply Savings (S2) |
|---|
| $1 - $199 |
Nil |
| $200 - $4,999 |
0.05% p.a. |
| $5,000 - $9,999 |
0.10% p.a. |
| $10,000 - $24,999 |
0.25% p.a. |
| $25,000 + |
0.75% p.a. |
Tiered interest calculated on daily balances and paid monthly on balances retained minimum 30 days |
| Target Bonus (S12) |
|---|
| $1 - $4,999 |
Nil* |
| $5,000 + |
0.50% p.a. |
| *Plus Bonus (if at least one deposit and no withdrawals) |
2.50% p.a. |
Tiered interest rate |
| Christmas Club (S14) |
|---|
| All balances |
1.00% p.a. |
Interest calculated on daily balances and paid monthly |
| on-lines@ver (S26) |
|---|
| $1 - $4,999 |
Nil |
| $5,000 - $249,999 |
3.40% p.a. |
| $250,000 - $749,999 |
3.75% p.a. |
| $750,000 + |
4.00% p.a. |
Tiered interest rates calculated on daily balances and paid monthly |
| communitys@ver (S27) |
|---|
| $1 - $249,999 |
2.40% p.a. |
| $250,000 - $749,999 |
2.75% p.a. |
| $750,000 + |
3.00% p.a. |
| Working rate |
0.10% p.a. |
Tiered interest rates calculated on daily balances and paid monthly.
Working rate will be applied if no Community Group is nominated.
Community grant = 1% p.a. |
| Business Cheque Account (S13) |
|---|
| All balances |
0.05% p.a. |
Interest is calculated on daily balances and paid quarterly |
| Farm Management Account At Call (S70) |
|---|
| $1,000 - $49,999 |
2.75% p.a. |
| $50,000 + |
3.00% p.a. |
| Farm Management Term Investment (I70) |
|---|
| $1,000 - $400,000 |
4.55% p.a. |
12 months |
| $1,000 - $400,000 |
4.55% p.a. |
24 months |
Interest can be paid quarterly, annually or at maturity. If interest is paid quarterly - Deduct 0.10% from quoted interest rates |