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. |
Fortnightly
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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