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Savings and Investment Interest Rates

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Interest is calculated daily, based on the entire account balance. Interest rates quoted are Annual Percentage Rates. Rates are subject to change without notice.

Interest Rates effective: 24 May 2017

Savings/Deposit Accounts

 
Day to Day Account (Transaction Account)
- accessible by ATM, EFTPOS, Visa and personal cheque
0.00% p.a.
Student Account/FREEstyle Student Account 0.00% p.a.
Business Account  
$1 - $999 0.00% p.a.
$1,000 and over 0.05% p.a.
- interest paid 30 June each year
- accessible by Cheque Book
 
Christmas Club Account
- interest paid 31 October each year
- withdrawals allowed between 1 November and 31 January only
0.80% p.a.
Senior Saver Account  
$1 - $1,999 0.25% p.a.
$2,000 - $48,599 1.00% p.a.
$48,600 and over 2.00% p.a.
- interest paid 30 June each year
- account holders must be receiving a Centrelink Aged pension or allowance
Money Management Account  
$0 - $4,999 0.025% p.a.
$5,000 - $9,999 0.15% p.a.
$10,000 - $19,999 0.15% p.a.
$20,000 - $49,999 0.65% p.a.
$50,000 - $99,999 0.90% p.a.
$100,000 - $249,000 1.40% p.a.
$250,000 and over 1.65% p.a.
- minimum balance $2,000
- deposits "at call" after seven (7) days
- variable daily interest which is reviewed weekly and paid monthly into any nominated savings account
- minimum deposit or withdrawal $500
Overdrawn savings account interest rate
- interest charged when savings account is overdrawn or exceeds the approved limit
- interest charged monthly
16.50% p.a.

Term Deposits 

All interest calculated daily and paid at maturity, unless stated. The interest rate will be the rate applicable on the date of acceptance of the application. Interest rates on deposits over $250,000 may be negotiable. For investment amounts over $500,000, phone 1300 361 761 or visit your local Branch. 

Term

Interest paid

$500 < $5000

$5000 > $500k

1 Month At maturity 0.75% p.a. 1.25% p.a.
2 Months At maturity 0.75% p.a. 1.70% p.a.
3 Months At maturity 0.75% p.a. 2.05% p.a.
4 Months At maturity 1.00% p.a. 1.50% p.a.
5 Months At maturity 1.00% p.a. 1.50% p.a.
6 Months At maturity 1.25% p.a. 2.20% p.a.
6 Months Quarterly 1.25% p.a. 2.20% p.a.
6 Months Monthly 1.25% p.a. 2.20% p.a.
7 Months At maturity 1.25% p.a. 2.30% p.a.
8 Months At maturity 1.25% p.a. 1.50% p.a.
9 Months At maturity 1.25% p.a. 2.25% p.a.
10 Months At maturity 1.25% p.a. 1.50% p.a.
11 Months At maturity 1.25% p.a. 1.50% p.a.
12 Months At maturity 1.50% p.a. 2.40% p.a.
12 Months Half yearly 1.50% p.a. 2.40% p.a.
12 Months Quarterly 1.50% p.a. 2.40% p.a.
12 Months Monthly 1.50% p.a. 2.40% p.a.
15 Months Quarterly 1.50% p.a. 1.50% p.a.
24 Months At maturity 1.75% p.a. 2.60% p.a.
24 Months Yearly 1.75% p.a. 2.55% p.a.
24 Months Half yearly 1.75% p.a. 2.55% p.a.
24 Months Quarterly 1.75% p.a. 2.55% p.a.
24 Months Monthly 1.75% p.a. 2.55% p.a.
36 Months Yearly 1.75% p.a. 2.65% p.a.
36 Months Half yearly 1.75% p.a. 2.60% p.a.
36 Months Quarterly 1.75% p.a. 2.60% p.a.
36 Months Monthly 1.75% p.a. 2.60% p.a.
48 Months Yearly 1.75% p.a. 2.70% p.a.
48 Months Half yearly 1.75% p.a. 2.70% p.a.
48 Months Quarterly 1.75% p.a. 2.70% p.a.
48 Months Monthly 1.75% p.a. 2.70% p.a.
60 Months Yearly 1.75% p.a. 2.75% p.a.
60 Months Half yearly 1.75% p.a. 2.75% p.a.
60 Months Quarterly 1.75% p.a. 2.75% p.a.
60 Months Monthly 1.75% p.a. 2.75% p.a.

Members holding Wealth Manager Banking Packages

 
Members holding SERVICE ONE Alliance Bank Wealth Manager Banking Packages enjoy an additional 0.25% interest on published Money Management Account rates (with a balance of $5,000 or above) and Term Deposit rates. Terms and conditions apply.

Other investment options

(no longer available for sale)

 
Cheque a Fortnight Account 2.20% p.a.
Senior Bonus Account 2.20% p.a.
Regular Income Plus 2.20% p.a.

Savings Investment Account

Date withdrawn: 22 May 2015

 
$500 - $4,999 0.025% p.a.
$5,000 - $19,999 0.05% p.a.
$20,000 and over 0.15% p.a.

- interest paid 30 June each year

- minimum balance $500

 
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