Money Management Account Interest Rates

This high performance, at call account gives you a high rate of interest without having to lock your money away for a fixed term. Simply link this account on Internet Banking for instant access to your cash.

Account Balance Range	Annual Interest Rate (as at 06 Jan 2009)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $4,999.99	0.01% pa	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 quarterly after the close of business at the end of March, June, September and December.
$5,000.00 - $9,999.99	0.50% pa
$10,000.00 - $19,999.99	2.75% pa
$20,000.00 - $49,999.99	3.25% pa
$50,000.00 - $99,999.99	3.25% pa
$100,000.00 - $499,999.99	3.80% pa
$500,000.00 - $999,999.99	4.00% pa
$1,000,000.00 plus	4.00% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Method of calculating interest:
Tiered Interest - Means a single interest rate applies to the entire balance of your account. When your balance reaches a higher tier you will receive the interest rate for that tier on the entire balance of your account.

* The daily percentage rate is the relevant annual interest rate(s) divided by 365.