On Tuesday the 5th of September, the Reserve Bank of Australia (RBA) announced it would hold the official cash rate at 4.10 per cent.
Despite the RBA’s decision, we have made the decision to increase our 12-month Term Deposit interest rate for new term deposits.
Effective from Thursday 14th September 2023, our 12-month Term Deposit rate will increase from 4.65% p.a. to 5.20% p.a. for new term deposits.
Our new competitive 12-month Term Deposit interest rate underscores our commitment to give back to our members.
Published Thursday, 14 September 2023
