Term Deposit Interest Rates

• ¹

  Interest on Term Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. The daily percentage rate is the applicable annual percentage rate divided by 365. We may allow you to break your Term Deposit before the Maturity Date, subject to you first providing us with a valid request in writing no less than 31 calendar days’ prior, unless financial hardship applies. A reduced interest rate applies if term deposits are redeemed before the Maturity Date. 

   

  If we allow you to access your term deposit funds before maturity, an interest rate reduction will apply. The amount of interest charged as an interest rate adjustment will depend on how early in the term you seek to access your funds.

   

  Percentage of Term Lapsed	Interest Rate Reduction
  0% to less than 20%	90% of your deposit rate
  20% to less than 40%	80% of your deposit rate
  40% to less than 60%	60% of your deposit rate
  60% to less than 80%	40% of your deposit rate
  80% to less than 100%	20% of your deposit rate

This is Part 3 – Deposit Interest Rate Schedule of the Product Disclosure Statement (PDS). It must be read in conjunction with:
Part 1 - Key Features and Terms and Conditions and Part 2 - Schedule of Fees and Charges and Transaction Limits.
You should consider the PDS in its entirety in deciding to acquire, or continue to hold any of the products the subject of the PDS.