Real Estate Trust Account | |
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Account Balance Range | Entire balance |
Interest rate | 90% of the RBA official cash rate target# |
Method of Calculating Interest | Single Tier Interest - Means a single interest rate applies to the entire balance of your account. |
How Interest is Calculated | We apply the daily percentage rate* to the balance of your account at the end of each day. |
When Interest is Calculated | No interest is credited to your account. However, interest earned on your account is paid to the Office of Fair Trading monthly after the close of business at the end of the month. |
Penalty Interest on Overdrawn Account | 20% p.a. on amount overdrawn |
#Current and historical RBA Cash Rate Target is available at www.rba.gov.au/statistics/cash-rate. Following an RBA rate change, the annual interest rate will be updated on the first day of the following month.
*The daily percentage rate is the relevant annual interest rate(s) divided by 365.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
Solicitors Trust Account | |
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Account Balance Range | Entire balance |
Interest rate |
3.45% p.a. |
Method of Calculating Interest | Single Tier Interest - Means a single interest rate applies to the entire balance of your account. |
How Interest is Calculated | We apply the daily percentage rate* to the balance of your account at the end of each day. |
When Interest is Calculated | No interest is credited to your account. However, interest earned on your account is paid to the New South Wales Law Society monthly after the close of business at the end of the month. |
Penalty Interest on Overdrawn Account | 20% p.a. on amount overdrawn |
Important Information - this rate is negotiated between Newcastle Permanent and the New South Wales Law Society. |
*The daily percentage rate is the relevant annual interest rate(s) divided by 365.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
Account Balance Range | Annual Interest Rate |
Up to $1,999 | 0.00% p.a. |
$2,000 - $9,999 | 0.00% p.a. |
$10,000 - $19,999 | 0.00% p.a. |
$20,000 - $49,999 | 0.00% p.a. |
$50,000 - $99,999 | 0.00% p.a. |
$100,000 plus | 0.00% p.a. |
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. |
How Interest is Calculated | We apply the daily percentage rate* to the balance of your account at the end of each day. |
When Interest is Calculated | Interest is credited to your account quarterly after the close of business at the end of June, September, December and March. |
Penalty Interest on Overdrawn Account | Business Base Overdraft + 6% p.a. |
*The daily percentage rate is the relevant annual interest rate(s) divided by 365.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
For the Business Base Overdraft Interest Rate, see below.
Account Balance Range | Annual Interest Rate |
Up to $1,999 | 0.01% p.a. |
$10,000 - $19,999 | 0.40% p.a. |
$20,000 - $49,999 | 0.40% p.a. |
$50,000 - $99,999 | 0.40% p.a. |
$100,000 - $249,999 | 0.40% p.a. |
$250,000 - $499,999 | 0.40% p.a. |
$500,000 - $999,999 | 0.40% p.a. |
$1,000,000 plus | 0.40% p.a. |
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. |
How Interest is Calculated | We apply the daily percentage rate* to the balance of your account at the end of each day. |
When Interest is Calculated | Interest is credited to your account monthly after the close of business at the end of the month. |
Penalty Interest on Overdrawn Account | Business Base Overdraft + 6% p.a. |
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
*The daily percentage rate is the relevant annual interest rate(s) divided by 365.
For the Business Base Overdraft Interest Rate, see below.
Business Base Overdraft | Interest rate* |
---|---|
Base Overdraft Interest Rate (Interest margin may apply) | 7.76% p.a. |
*The daily percentage rate is the relevant annual interest rate(s) divided by 365.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
Can't find what you're looking for? Refer to the Products no longer available for sale.
Days | Interest rate |
21 - 45 days | 1.00% p.a. |
46 - 75 days | 1.00% p.a. |
76 - 105 days | 3.95% p.a. |
106 - 135 days | 3.95% p.a. |
136 - 165 days | 3.95% p.a. |
166 - 195 days | 4.35% p.a. |
196 - 225 days | 3.80% p.a. |
226 - 255 days | 3.80% p.a. |
256 - 285 days | 3.80% p.a. |
286 - 315 days | 3.80% p.a. |
316 - 345 days | 3.80% p.a. |
346 - 385 days | 4.00% p.a. |
*Deposits up to $250,000 per customer are guaranteed under the Australian Government's Financial Claims Scheme.
Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.01% p.a. Term Deposit rates are fixed and apply to the whole balance of the account. For further information regarding interest and the products generally, please view the applicable Terms and Conditions.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
Monthly | Interest rate |
---|---|
76 - 105 days | 3.85% p.a. |
106 - 135 days | 3.85% p.a. |
136 - 165 days | 3.85% p.a. |
166 - 195 days | 4.25% p.a. |
196 - 225 days | 3.70% p.a. |
226 - 255 days | 3.70% p.a. |
256 - 285 days | 3.70% p.a. |
286 - 315 days | 3.70% p.a. |
316 - 345 days | 3.70% p.a. |
346 - 385 days | 3.90% p.a. |
2 years | 3.40% p.a. |
3 years | 3.90% p.a. |
4 years | 3.40% p.a. |
5 years | 3.40% p.a. |
Quarterly | Interest rate |
---|---|
1 year | 3.90% p.a. |
2 years | 3.40% p.a. |
3 years | 3.90% p.a. |
4 years | 3.40% p.a. |
5 years | 3.40% p.a. |
Half Yearly | Interest rate |
---|---|
1 year | 3.90% p.a. |
2 years | 3.40% p.a. |
3 years | 3.90% p.a. |
4 years | 3.40% p.a. |
5 years | 3.40% p.a. |
Annually | Interest rate |
---|---|
2 years | 3.50% p.a. |
3 years | 4.00% p.a. |
4 years | 3.50% p.a. |
5 years | 3.50% p.a. |
*Deposits up to $250,000 per customer are guaranteed under the Australian Government's Financial Claims Scheme.
Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.01% p.a. Term Deposit rates are fixed and apply to the whole balance of the account. For further information regarding interest and the products generally, please view the applicable Terms and Conditions.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
Can't find what you're looking for? Refer to the Products no longer available for sale.
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