Frequently Asked Questions

Can I change when interest is paid on my term deposit?

When you open a new term deposit, or your term deposit reaches the maturity date, you can choose to have your interest paid at a different interval.

A reduced rate of interest will be paid for interest payment methods other than at maturity and yearly.

Interest rate adjustments

Interest paid

Deduction from quoted interest rates

Up front
Only available for terms up to 12 months
0.15% p.a.
Only available if you are 55 years or over and retired or eligible for a pension or hold a seniors card.
0.10% p.a.
Monthly or quarterly 0.10% p.a.
Half yearly 0.05% p.a.
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