Bank Australia interest rate announcement: Bank Australia will increase interest rates across its range of term deposit and savings products effective 24 May 2022. Read more here.
28 April 2022 - Update on contact centre wait times: Recently our customers have been experiencing unusually (and unacceptably) long waiting times when calling our contact centre. We apologise for this inconvenience and are taking important steps to improve. Read more here.
We work to make a positive impact for people and the planet, and this past year has been no exception. By banking together, we can make the world a better place.
In 2021 we offset the total estimated emissions from the vehicles we finance with our car loans for the life of the loan. We currently do this by forward-purchasing certified emissions reductions from a project in Victoria focused on conservation and protection of endangered species, including the Brush-tailed Phascogale.
Bank Australia was the first Australian bank to join the Global Alliance for Banking on Values (GABV).
✓ Genuine commitment to social or environmental change
✓ Triple bottom line commitment to People, Planet, and Prosperity
The way we see it, the awarding of bonuses to drive sales increases the risk of unethical behaviour that may negatively impact customers. That’s why we don’t pay bonuses to our executives or employees.
For the first time, our Conservation Reserve partner the Barengi Gadjin Land Council conducted a full cultural burn at our property. The cool, low intensity burn will assist with the rebuilding of fire management knowledge lost since colonisation and help to manage fire risk.
Our commitment to climate-friendly financing and products saw us awarded Australia’s Greenest Bank by Finder in 2021 for the second year in a row.
Our environmental impact – like sourcing 100% renewable electricity
Our investments and products – like who we do and don’t lend money to
So far we’ve allocated 194,087m2 of land on our conservation reserve to protect an area equal to the size of the building lots of all the construction loans we financed during 2021.
We planted over 5,900 Buloke trees to support healthy populations and provide future food for the South Eastern Red-tailed Black-Cockatoo at our Conservation Reserve.