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.