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Everyday Account Interest Rates

Check out Greater Bank's range of Everyday Account Interest Rates and see how we measure up.

Rates featured are for our Access Account, Ultimate Access Account and Retirement Plus Account.

 

Rates are effective as at 9am Thursday 22/02/2024

Access Account Interest rates

Rates for portion of balance between: $0.00 - $4,999.99 $5,000.00 - $99,999.99 $100,000.00+
Variable 0.00% p.a. 0.00% p.a. 0.01% p.a.

Ultimate Access Account Interest rates

No interest applies to funds held in Ultimate Access accounts.

View Ultimate Access

How is interest calculated on our Retirement Plus Account?

Our Retirement Plus Account has a number of interest rate tiers, and accordingly, the interest that you will be paid depends on your account balance. 

For example, let's say you have an account balance of $105,000.00.

You will be paid: 

  • One interest rate on the portion of your balance from $0.00 - $4,999.99, 
  • One interest rate on the portion of your balance from $5,000.00 - $49,999.99, 
  • One interest rate on the portion of your balance from $50,000.00 - $99,999.99, and
  • One interest rate on the portion of your balance over $100,00.00.

It does not mean that, as your balance is $105,000.00, you will be paid our $100,000.00+ interest rate on the entirety of your balance.

Rates are effective as at 9am Thursday 22/02/2024

Retirement Plus Account Interest rates

Rates for portion of balance between: $0.00 - $4,999.99 $5,000.00 - $49,999.99 $50,000.00 - $99,999.99 $100,000.00+
Variable 0.01% p.a. 0.75% p.a. 2.15% p.a. 2.40% p.a.

Find out more about our Everyday Accounts

Retirement Plus

Interest rate 2.40 % p.a.
For portions of your balance above $100,000.00. Calculated daily, paid monthly
Our Retirement Plus rewards you with higher interest dependent on your balance, while still giving you convenient access to your money.

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Any advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the product is suitable for you and your personal circumstances.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273 

Access Account

We calculate interest by applying the daily percentage rate to the different portions of your daily balance as set out in the above tiers. Interest is calculated daily and is paid six monthly on 30 June and 31 December. These rates are current as at the Effective Date and are subject to change by Greater Bank without further notice. Conditions apply. Please read the relevant Product Schedule for Access Savings for more information.

Retirement Plus Account

We calculate interest by applying the daily percentage rate to the different portions of your daily balance as set out in the above tiers. We pay interest monthly. These rates are current as at the Effective Date and are subject to change by Greater Bank without further notice. Conditions apply. Please read the relevant Product Schedule for Retirement Plus for more information.