One bonus interest rate applies to your entire balance. The interest rate depends on your account balance.
Interest calculated daily and paid monthly
The standard variable rate of 0.40% p.a. will apply if the bonus interest conditions aren't met
How to qualify for bonus interest
- Make at least one deposit of any amount into your account in the calendar month; and
- Have a higher account balance at the end of the calendar month than at the start of the calendar month. If you withdraw from your account, deposit more money than you withdrew in the calendar month.
For bonus interest eligibility purposes, transactions initiated by the Bank are excluded, such as:
- Interest paid into your account do not count as deposits;
- Bank or government fees and charges on this account do not count as withdrawals.
Lol come on CBA give us 5.5%