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2022-11-07 12:47 pm
Bank Australia Salvana conservation reserve

Bank Australia lifts interest rates on Term Deposit products

March 1, 2024
June 7, 2023

Bank Australia today announced it will increase interest rates across its range of Term Deposit products effective 8 June 2023.

Term deposits

Interest paid at maturity changes:

  • 6 month rate increased by 0.10% to 4.60%
  • 9 month rate increased by 0.70% to 4.30%
  • 12 month rate increased by 0.40% to 4.40%
  • 18 month rate increased by 0.55% to 4.35%
  • 24 month rate increased by 0.40% to 4.00%
  • 36 month rate increased by 0.40% to 4.00%

Interest paid monthly changes:

  • 6 month rate increased by 0.10% to 4.50%
  • 12 month rate increased by 0.40% to 4.30%
  • 18 month rate increased by 0.55% to 4.25%
  • 24 month rate increased by 0.40% to 3.90%
  • 36 month rate increased by 0.40% to 3.90%

For any help and further queries, customers can contact us on 132 888 or visit their nearest branch.

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