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UPDATES
Following the decision of the Reserve Bank of Australia (RBA) on 5 July 2022 to increase the official cash rate, we will be increasing our Term Deposit, variable home loan, fixed home loan and business loan rates.
What rates are changing?
Home loan rates
Effective 27 July 2022, all fixed home loan rates will be increasing.
Effective 27 July 2022, all variable home loan rates will be increasing.
Business loan rates
Effective 27 July 2022, all fixed business home loan rates will be increasing.
Effective 27 July 2022, all variable business loan rates will increase by 0.50% per annum for new and existing customers.
Savings account rates
Effective 1 August 2022, the increases are as per below.
| Savings accounts | ||
| Reward Saver |
Bonus Rate |
0.79% pa to 0.99% pa |
| Business iSave | $10,000+ | 0.20% pa to 0.30% pa |
| iSave |
Base Rate |
0.55% pa to 0.75% pa |
| Clancy Koala |
Bonus Rate |
Unchanged at 0.74% pa |
| Retirement Account | Tiered Rate | |
| $50,000 <$250,000 | Unchanged at 0.35% pa | |
| $250,000+ | Unchanged at 0.75% pa | |
Term Deposit rates
Effective 22 July 2022, Term Deposit rates will increase as per the tables below for new customers.
| Regular income (interest paid every 28 days) | |
| Term |
$5,000+ |
| 36 months |
Unchanged at 3.15% pa |
| 24 months |
Unchanged at 2.90% pa |
| 12 months |
2.65% pa to 2.90% pa |
| 6 months | Unchanged at 1.40% pa |
What this means for you
For our customers with variable rate loans, you will receive a letter shortly detailing your new interest rate and minimum monthly repayment.
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@