Bank of us increases term deposit and savings interest rates
In response to the recent RBA cash rate increase, we’ve made some changes to our interest rates.
We’ve increased our Term Deposit rates, effective today 21 September 2022. We’ve also increased some savings account rates, as shown below, effective 1 October 2022.
New Bank of us savings account rates
| Current rate | New rate | |
|---|---|---|
| Save up | ||
| Balance: $1.00+ | 0.15% Bonus interest: 0.35% |
0.30% Bonus interest: 1.50% |
| Spring Load | ||
| Balance: ≥$50k-$1M | 1.25% |
1.80% |
| Super Advantage | ||
| Balance: $1.00+ | 0.10% |
0.50% |
| Pension Advantage | ||
| $2,000-$39,399 | 0.05% |
0.25% |
| $39,400+ | 0.65% |
0.75% |
| Business iCash | ||
| $5,000-$49,999 | 0.05% |
0.35% |
| $50,000-$499,999 | 0.05% |
0.60% |
| $500,000+ | 0.10% |
0.60% |
Our decision is based on several factors, including our commitment to maintaining value for both our borrowers and deposit customers and our need to be financially sustainable.
Click for more info on term deposit rates and savings accounts rates.
Please note this information does not take into account your personal circumstances and is general advice only. Before opening any Bank of us account, please read the Account & Access Facility Conditions of Use, Summary of Accounts, Availability of Access Facilities and Transaction Limits and our Schedule of Fees and Charges and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local Bank of us Retail Store.
