Changes to savings accounts

We’ll be making some changes to our Online Saver and Goal Saver. 

Online Saver

Interest on the Online Saver account

From 1 August 2026, we’re increasing interest rates and introducing two new balance tiers — so whether you have a little or a lot saved, you’ll earn more. And if you have extra savings sitting elsewhere, it could be worth bringing them together here.

How tiered interest works

With three balance tiers, different parts of your savings earn different rates. For example, if you had $300,000 saved, the first $249,999.99 would earn 3.25% p.a.^ and the remaining $50,000.01 would earn 3.75% p.a.^ Interest rates are variable and subject to change.

Goal Saver

Interest on the Goal Saver account

From 1 August 2026, the maximum balance eligible to earn interest on your Goal Saver Account/s will increase from $3 million to $7 million.

What’s changing?

For most account holders, nothing will change — you’ll continue earning interest exactly as you do today. This update simply means that members who have higher savings balances can now take advantage of great returns. 

Here’s a snapshot:

Note: Bonus Interest is paid when you make at least one deposit of $50 by 6pm on the last day of the month AEST/AEDT, if the account remains in credit at all times (i.e. the account must not be overdrawn at any time during the month, including during a day, or when the balance is carried forward from the previous month) and you make no withdrawals or transfers in the month. Where bonus conditions are not met, standard interest applies. 

We’re here to help

If you have any questions or need help managing your account, were happy to help. Give us a call on 1300 13 22 77 or visit your nearest branch.

*Interest rate is current as at 1 June 2026 and subject to change without notice. ^Interest rate is current as at 1 August 2026 and subject to change without notice.