| Account balance |
Standard Variable Interest Rate |
|---|---|
| $100,000 and over | 0.01% pa |
| $50,000 - $99,999.99 | 0.01% pa |
| $20,000 -$49,999.99 | 0.01% pa |
| $5,000 - $19,999.99 | 0.01% pa |
| Up to $4,999.99 | 0.01% pa |
| Account balance |
Standard Variable Interest Rate |
|---|---|
| All balances | 0.00% pa |
| Account balance |
Standard Variable Interest Rate |
|---|---|
| $250,000 and over | 0.20% pa |
| $50,000 - $249.999.99 | 0.10% pa |
| $10,000 - $49,999.99 | 0.05% pa |
| Up to $9,999.99 | 0.01% pa |
| Account balance |
Standard Variable Interest Rate |
Standard Variable Bonus Rate1 |
Earn up to |
|---|---|---|---|
| $50,000 and over | 0.10% pa | 1.20% pa | 1.30% pa |
| $20,000 - $49,999.99 | 0.10% pa | 1.20% pa | 1.30% pa |
| $5,000 - $19,999.99 | 0.10% pa | 1.20% pa | 1.30% pa |
| Up to $4,999.99 | 0.10% pa | 1.20% pa | 1.30% pa |
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% pa |
| 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% pa | 0.00% pa | 0.00% pa | 0.00% pa |
| $500,000.01 - $1,000,000.00 | 0.00% pa | 0.50% pa | 0.75% pa | 1.25% pa |
| $100,000.01 - $500,000 | 0.00% pa | 0.50% pa | 0.75% pa | 1.25% pa |
| $5,000 - $100,000 | 0.00% pa | 0.50% pa | 0.75% pa | 1.25% pa |
| $0 - $4,999.99 | 0.00% pa | 0.50% pa | 0.75% pa | 1.25% pa |
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 31/03/2023 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.
| Account balance |
Standard Variable Interest Rate |
Standard Variable Bonus Rate4 |
Introductory Fixed Bonus Interest Rate up to4 5 |
Earn up to |
|---|---|---|---|---|
| $1,000,000.01 & above | 0.00% pa | 0.00% pa | 0.00% pa | 0.00% pa |
| $500,000.01 - $1,000,000.00 | 0.00% pa | 0.50% pa | 0.50% pa | 1.00% pa |
| $100,000.01 - $500,000 | 0.00% pa | 0.50% pa | 0.50% pa | 1.00% pa |
| $5,000 - $100,000 | 0.00% pa | 0.50% pa | 0.50% pa | 1.00% pa |
| $0 - $4,999.99 | 0.00% pa | 0.50% pa | 0.50% pa | 1.00% pa |
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 of February 2022, for new or existing Members who have not held a Reward Saver account before.
| Account balance |
Standard Variable Bonus Rate |
|---|---|
| All balances | 0.50% pa |
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 | 0.05% pa |
| $100,000 and $249,999.99 | 0.05% pa |
| $50,000 and $99,999.99 | 0.05% pa |
| $20,000 to $49,999.99 | 0.05% pa |
| $10,000 to $19,999.99 | 0.05% pa |
| $5,000 to $9,999.99 | 0.05% pa |
| Up to $4,999.99 | 0.00% pa |
| Account balance |
Standard Variable Interest Rate |
|---|---|
| $5,000 and over | 0.35% pa |
| Up to $4,999.99 | 0.00% pa |
For Discontinued Deposit Product Rates Click Here
Rates effective 17th of June 2022. Interest rates are paid on the entire balance of the account, except for Wisdom Saver, Reward Saver and Reward Saver Kick Start accounts. For these accounts, a different rate applies to the portion of the balance in each tier. Interest rates are subject to change without notice. * Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. This document forms part of IMB's Product Disclosure Statement (PDS) for products and payment facilities listed in Page1 and 2 of IMB's Member Guide to Transaction Banking, which consists of the following documents IMB Member Guide to Transaction Banking PDS and PDS Fees and Charges for IMB Services, PDS Interest Rates for IMB Products, and any other supplementary PDS issued by IMB. Target Market Determinations, available here.