Savings accounts - interest rates

Annual Rate %

S1 Everyday Account+

S1 Everyday Pension Account+

S2 Bill Paying Account +

Up to $9,999

$10,000 - $49,999

$50,000 and over

0.01%pa

0.05%pa

0.10%pa

S3 Online Savings Account+

Up to $1,999

$2,000 and over

0.10%pa

4.50%pa

S25 Christmas Savings Account**

No minimum balance

1.25%pa

S99 Under 18 Savings Account 

No minimum balance

1.50%pa

S10 Cash Management Account#

Up to $4,999

$5,000 and over

0.10%pa

4.00%pa

S55 Edvest Cash Management Account##

Up to $1,999

$2,000 and over

0.10%pa

4.05%pa

S30 Deeming Account

Balances up to $42,000

Each dollar over $42,000

2.00%pa

3.00%pa

5.00%pa

S6 Reward Saver Account*

Standard interest rate pa

Reward interest rate pa*

Combined interest rate pa*

No minimum balance

0.10%  

1.75%

1.85%

Interest is calculated on daily balances and credited monthly.

+ Rates quoted apply to entire balance of account.

* S6 Reward Saver Account

Standard interest is calculated on daily balances and credited monthly. Conditions apply, see our Savings accounts page. Rates quoted apply to entire balance of account. If you withdraw or transfer from an S6 Reward Saver Account or don't make the minimum deposit, the standard interest rate for that calendar month will apply.

** S25 Christmas Savings Account

If you make a withdrawal from an S25 Christmas Savings Account outside the period 1st November and 31st January of the following year, the account must be closed and the funds will be transferred to your S1 Everyday Account.

# S10 Cash Management Account

No minimum balance, no minimum transaction and immediate withdrawal. Interest is calculated on daily balances and credited monthly.

No minimum balance, no minimum transaction and immediate withdrawal. Interest is calculated on daily balances and credited monthly.

When a savings account without an approved RediCredit limit becomes overdrawn, the standard RediCredit interest rate applies. Other fees and charges may apply.