Deposit Interest Rates

Account Balance

Interest Rate

$100,000 and over

0.01

% p.a.

$50,000 - $99,999.99

0.01

% p.a.

$20,000 -$49,999.99

0.01

% p.a.

$5,000 - $19,999.99

0.01

% p.a.

Up to $4,999.99

0.01

% p.a.

Everyday Account

Account Balance

Interest Rate

All balances

0.00

% p.a.

Everyday Unlimited Account

Account Balance

Interest Rate

$250,000 and over

2.45

% p.a.

$50,000 - $249,999.99

1.95

% p.a.

$10,000 - $49,999.99

1.65

% p.a.

Up to $9,999.99

0.05

% p.a.

Everyday 50PLUS

Account Balance

Standard Variable
Interest Rate

Standard Variable
Bonus Rate1

Earn
Up To

Up to $4,999.99

0.10

% p.a.

3.90

% p.a.

4.00

% p.a.

$5,000 - $19,999.99

0.10

% p.a.

3.90

% p.a.

4.00

% p.a.

$20,000 - $49,999.99

0.10

% p.a.

3.90

% p.a.

4.00

% p.a.

$50,000 and over

0.10

% p.a.

3.90

% p.a.

4.00

% p.a.

Zoo

1. Standard Variable Bonus interest is payable when bonus interest criteria are met - a minimum $10 deposit and no withdrawals are made in the calendar month.

Account Balance

Standard Variable Interest Rate

All balances

0.00

% p.a.

Everyday Unlimited Kick Start

Account Balance

Standard Variable
Interest Rate

Standard Variable
Bonus Rate 2

Kick Start
Bonus Interest Rate
up to2 3

Earn
up to

$1,000,000.01 & above

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

$500,000.01 - $1,000,000.00

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$100,000.01 - $500,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$5,000 - $100,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$0 - $4,999.99

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

Reward Saver Kick Start

2. To earn bonus interest the account holder must make a minimum $20 deposit and no withdrawals per month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Kick Start Bonus Interest Rate are forfeited.

3. The Kick Start Bonus Interest Rate is a variable interest rate payable for the duration the account is eligible: - Reward Saver Kick Start account for account holders aged under 18 years of age; or - Until 31/03/2024 for Reward Saver Kick Start accounts for Students, apprentices and trainees aged under 30. For Reward Saver Kick Start accounts opened prior to 1 September 2021., the Fixed Bonus Interest Rate continues to apply. Can be converted to the Kick Start Bonus Interest Rate on request. The Fixed Bonus Interest Rate is payable on balances from $0-$4999 at 1.00% p.a. Bonus interest criteria applies.

Reward Saver

Account Balance

Standard Variable
Interest Rate

Standard Variable
Bonus Rate4

Introductory Fixed
Bonus Interest Rate4 5

Earn up to

$1,000,000.01 & above

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

0.00

% p.a.

$500,000.01 - $1,000,000.00

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$100,000.01 - $500,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$5,000 - $100,000

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

$0 - $4,999.99

0.00

% p.a.

3.25

% p.a.

2.00

% p.a.

5.25

% p.a.

4. To earn bonus interest the account holder must make a minimum $50 deposit and no withdrawals per month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Introductory Fixed Bonus Interest Rate are forfeited.

5. Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1st September 2023, for new or existing Members who have not held a Reward Saver account before.

Account Balance

Standard Variable Bonus Rate

All balances

3.00

% p.a.

Christmas Club6

6. If there are any withdrawals between January 1 and October 31 the account will be closed and the bonus forfeited.

Account Balance

Standard Variable Interest Rate

$250,000 and over

1.70

% p.a.

$100,000 and $249,999.99

1.70

% p.a.

$50,000 and $99,999.99

1.35

% p.a.

$20,000 to $49,999.99

1.15

% p.a.

$10,000 to $19,999.99

1.15

% p.a.

$5,000 to $9,999.99

0.05

% p.a.

Up to $4,999.99

0.00

% p.a.

Cash Management

Account Balance

Standard Variable Interest Rate

$5,000 and over

2.40

% p.a.

Up to $4,999.99

0.00

% p.a.

DIY Super

For Discontinued Deposit Product Rates Click Here

Opening an account is easy

Understand the important information

Read the product information, terms and conditions, and fee information

Apply online in under 10 minutes

Give yourself approximately 10 minutes to go through the application

Open an IMB Bank Account

Have your ID ready

Have your ID handy so we can verify your identity electronically (open to Australian residents, 13 years and over)

Got a question on Term Deposit?

What is a Term Deposit?

How long do I have to provide instructions for the maturity of my term deposit?

How can I provide instructions for the maturity of my term deposit?

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Security is a fundamental right for our customers, and we hold it as one of our core values.

Important Information

General

Rates effective 5th April 2024. You should consider the IMB Member Guide to Transaction Banking - Product Disclosure Statement before making a decision about IMB products and facilities. Target Market Determination available here. Fees and charges may apply, see the PDS – Fees, Charges and Limits for more details.  

Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. Interest rates are paid on the entire balance of the account, except for Everyday 50PLUS, Reward Saver and Reward Saver Kick Start accounts. For these accounts, a different rate applies to the portion of the balance in each tier. E.g. The interest paid on that part of the balance between $10,000 and $49,999.99 is different to the interest paid on the first $9,999.99 of the balance.

Rates and features

1. Standard Variable Bonus interest is payable when bonus interest criteria are met - a minimum $10 deposit and no withdrawals are made in the calendar month.

2. To earn bonus interest account holder must make a minimum $20 deposit and no withdrawals per month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Kick Start Bonus Interest Rate are forfeited.

3. The Kick Start Bonus Interest Rate is a variable interest rate payable for the duration the account holder is eligible to hold a Reward Saver Kick Start account. Also refer to general information above.

4. To earn bonus interest the account holder must make a minimum $50 deposit and no withdrawals per month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Introductory Fixed Bonus Interest Rate are forfeited.

5. Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1st September 2023, for new or existing Members who have not held a Reward Saver account before.

6. If there are any withdrawals between January 1 and October 31 the account will be closed and the bonus forfeited.