Fixed Rate Saver - Interest Rates
| Length of Term | For balances between | AER*/ gross p.a. | Monthly gross | Net p.a. |
|---|---|---|---|---|
| 1 year | $5,000 - $50,000 | 1.70% | 1.70% | 1.36% |
| 2 years | $5,000 - $50,000 | 2.10% | 2.10% | 1.68% |
| 3 years | $5,000 - $50,000 | 2.20% | 2.20% | 1.76% |
*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Interest on this account is paid directly into your nominated account and therefore not compounded.
Interest is calculated daily and paid monthly/annually depending on your choice of options. Rates correct from 18th October 2013. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).
Interest is calculated daily and paid monthly/annually depending on your choice of options. Rates correct from 18th October 2013. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).