From 1st June 2024, there will be a slight change to the eligibility conditions for bonus interest on our Savings Motivator account.
The current conditions are as follows:
Calculated daily on whole balance, paid monthly on the last day of the month. Bonus rate applies where the balance has been retained and at least one deposit of $1.00 or more has been made with no withdrawals during the month, otherwise the Standard Rate applies.
Effective 1st June 2024, the updated conditions are as follows:
Calculated daily on whole balances. Bonus rate applies where the balance has been retained and at least one processed deposit of $1.00 or more has been made with no withdrawals during the month, otherwise the Standard Rate applies.
Noting that as a result of end of month processing requirements, deposits received after 12pm noon (AEST) on the last day of the month may be processed the following day impacting bonus interest eligibility.
For any questions or further clarification, please don’t hesitate to get in touch on 13 61 91.
