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Interest rate update – 12 January 2023

Following the decision of the Reserve Bank of Australia (RBA) on 6 December 2022 to increase the official cash rate, we have reviewed our deposit interest rates.

What rates are changing?

Savings account rates

Effective 13 January 2023, some Savings account rates will increase.

Savings accounts 
iSave  Base rate  1.75%pa to 1.90%pa
Farm management deposit  $1,000 – $800,000 3.25% pa to 3.75% pa

Term Deposit rates

Effective 13 January 2023, some Term Deposit rates will change for new customers.

Interest annually or on maturity 
Term  $1,000 – $4,999 $5,000+
36 months  Unchanged at 0.15% pa 3.50% pa to 4.00% pa
24 months  Unchanged at 0.15% pa 3.35% pa to 3.85% pa
12 months  Unchanged at 0.15% pa 3.25% pa to 3.75% pa
9 months  Unchanged at 0.10% pa 2.25% pa to 2.55% pa
6 months  Unchanged at 0.10% pa 1.70% pa to 2.00% pa
3 months  Unchanged at 0.05% pa 1.00% pa to 1.30% pa

 

Regular income (interest paid every 28 days)
Term  $5,000+
36 months 3.40% pa to 3.90% pa
24 months 3.25% pa to 3.75% pa
12 months 3.15% pa to 3.65% pa
6 months 1.60% pa to 1.90% pa

More information and support​

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@humebank.com.au