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UPDATES
Following the decision of the Reserve Bank of Australia (RBA) on 2 August 2022 to increase the official cash rate, we have reviewed our lending and deposit interest rates.
What rates are changing?
Home loan rates
Effective 19 August 2022, all variable home loan rates will be increasing.
Fixed home loan rates for new customers are currently being reviewed.
Business loan rates
Effective 19 August 2022, all variable business loan rates will increase by 0.50% per annum for new and existing customers.
Savings account rates
Effective 1 September 2022, some Savings account rates will increase.
| Savings accounts | ||
| Reward Saver |
Bonus Rate |
0.99% pa to 1.49% pa |
| iSave | Base Rate | 0.75% pa to 1.00% pa |
| Business iSave | $10,000+ | 0.30% pa to 0.50% pa |
| Clancy Koala |
Bonus Rate |
0.74% pa to 1.09% pa |
| Retirement Account | Tiered Rate | |
| $1 – $49,999 | 0.05% pa to 0.20% pa | |
| $50,000 <$250,000 | 0.35% pa to 0.50% pa | |
| $250,000+ | 0.75% pa to 1.00% pa | |
Term Deposit rates
Effective 19 August 2022, 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 |
Unchanged at 3.25 % pa |
| 24 months |
Unchanged at 0.15% pa |
Unchanged at 3.00% pa |
| 12 months |
Unchanged at 0.15% pa |
Unchanged at 3.00% pa |
| 9 months | Unchanged at 0.10% pa | Unchanged at 2.00% pa |
| 6 months | Unchanged at 0.10% pa | Unchanged at 1.50% pa |
| 4 months | N/A | N/A to 1.25% pa |
| 3 months | Unchanged at 0.05% pa |
Unchanged at 0.75% pa |
| 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 |
Unchanged at 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@