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From 1 May 2017, we’ll be simplifying our Transaction, Savings and Investment Account terms and conditions to make it easier to understand. As part of this, we’re also making updates to our GoalSaver accounts.

Changes to GoalSaver accounts

  • You’ll be able to earn bonus interest on balances up to $999,999 – previously capped at $100,000
  • To earn bonus interest, deposit at least $2001 each calendar month without making any withdrawals
  • Moving forward customers can only have one GoalSaver account, however if you already have more than one account you’ll be able to retain your accounts
  • Your first assisted withdrawal each month is free, a $2.50 per assisted withdrawal fee applies thereafter.
  • The balance bands that determine your interest rate will be updated as per below:

Current balance bands

New balance bands2

Up to $100,000

Less than $50,000

Over $100,000

$50,000 - $249,999

-

$250,000 - $999,999

-

$1,000,000 and over

2Corresponding interest rates will be available from 1 May 2017.

Take a look at what’s changed

Read the new Transaction, Savings and Investment Account terms and conditions or check the current interest rates. 

We can help

If you have any questions you can call us 24/7 on 13 2221.

Things you should know:

1To qualify, simply increase your overall balance by $200 each month, excluding interest and bank initiated transactions.