Interest rate update for savers and borrowers

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.35% in February, we have been reviewing the balance between passing on the interest rate rise to our borrowers, term deposit holders, and members with savings accounts.

For Savers

Term Deposit

We have increased our 3-month Term Deposit rates by 0.25%, effective 17 February 2023, click here to find out the new rates.

Savings Accounts

We will be increasing the rate for our U30 SUPER CHARGE account by 0.25%, bringing our new rate to 4.50%, from March 1, 2023.

We will be increasing the Bonus Rate for our Bonus Saver account by 0.25% on March 1 2023. Our new bonus rate becomes 3.25% on March 1, 2023. With this increase, the total available rate for Bonus Saver holders will be 3.30%.

For Borrowers

Personal Loans

Effective 17 February, we will be decreasing the interest rate for our Fixed Driveaway Car Loan by 0.20% to a new rate of 6.99%.