Interest Rates

Interest is calculated daily on the whole balance in your account and paid monthly.

eOptions

Interest Rates Effective 9 December 2011.
Variable interest rate. Interest is calculated daily. Standard interest is paid monthly.

Plus you’ve got the option to lock any portion of money in your eOptions account for a period of time to earn higher interest (called “flexiRates”).

eOptions flexiRates

Interest Rates Effective 25 January 2012. Interest is calculated daily on the whole balance of the nominated flexiRate amount and paid at the end of the flexiRate period. flexiRate interest is fixed for the nominated flexiRate period. The maximum flexiRate period is 1 year. An interest adjustment will apply if we allow you to release your flexiRate early.

You can add up to 15 “flexiRates” to your eOptions account, just log into Internet Banking and apply via the “Manage my flexiRates” tab.

Fees at a glance

We want to teach you how to save on fees. Learn more about fees and how to avoid them.

 flexiRates

Got something coming up that you want to save for now? Lock any portion of your savings away for a period of time to earn higher interest (called “flexiRates”). To set up a flexiRate,

1. Log into Internet Banking;
2. Click on the “Manage my flexiRates” tab;
3. Select which eOptions account the money you’d like to lock away is in;
4. Nominate the amount (“flexiRate amount”) that you want to lock away;
5. Choose how long you want to lock it away for;
6. Provide instructions on whether you would like to,
   • Release your money back into your account at the end; or
   • Renew your flexiRate again.

Automatic Savings Plan

Save time and maximise your interest every pay day by automatically directing your cash from your everyday account to the accounts you need it in (e.g. from your Everyday Basics account to your eOptions account). To set up recurring transfers,

1. Log  into Internet or Mobile Phone Banking;
2. Click on the “Transfer Money” tab;
3. Select what type of transfer (i.e. between your accounts or to an external account);
4. Follow the steps and when you get to “Timing” select “Recurring Transfer”.

To keep track you can look up a list of your frequent transfers through Internet Banking by,

1. Clicking on the “Transfer Money” tab; and
2. Selecting the “Frequent Transfers List”