Rapid Saver†, Save Account† and Education Savings Account† Interest Rates

The Rapid Saver Account is designed to help you reach your savings goal, whether it is a car, computer, a holiday or something special for you. By following a few simple rules, like making at least one monthly deposit into your account and not making any withdrawals, you can earn a high rate of interest on your savings.

The Save Account is the first half of the (Save and Spend Account). An account package that lets you split your money so you can save some and spend some.

The Education Savings Account is designed to help parents, grandparents or anyone wanting to start a savings plan to pay for future education.

Account Balance Range	Annual Interest Rate (as at 06 Jan 2009)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Entire Balance of Account	5.00% pa#	Single Tiered Interest	We apply the daily percentage rate* to the balance of your account at the end of each day.	Interest is credited to your account monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Method of calculating interest:
Single Tiered Interest - Means a single interest rate applies to the entire balance of your account.

* The daily percentage rate is the relevant annual interest rate(s) divided by 365.
† Interest will be calculated and paid if there has been at least one deposit and no withdrawals on the account during that calendar month. Interest credits from this account do not constitute a deposit. If this condition is not met, no interest will be paid for that month.