Everyday Retirement Account interest rate change 6 April 2016
The new rates effective 6 April 2016 are:
|$0 to $1,999||$2,000 to $46,599||$46,000 +|
|Everyday Retirement Account||0.10% p.a.||1.50% p.a..||2.75% p.a..|
|Change||No change||-0.25% p.a.||-0.50% p.a.|
Interest on the Everyday Retirement Accounts is variable, calculated daily on a stepped basis which means you will earn interest for the portion of your account balance that falls within each range, at the interest rate applicable to that range and credited on the first day of the following month.
Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879