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Savings & Investment Rates

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Interest is calculated daily, based on the entire account balance. Interest rates quoted are Annual Percentage Rates and rates are subject to change without notice. 

For term deposits, all interest is calculated daily and paid at maturity, unless stated. The interest rate will be the rate applicable on the date of acceptance of the application. Interest rates on deposits over $250,000 may be negotiable. For investments over $500,000 phone 1300 361 761 or visit your local Advice Hub or Support Centre.

SERVICE ONE Alliance Bank savings and investment account rates effective 23 February 2021.


Day to Day Account Interest Rate
Any balance 0.00% pa
All Smiles Account Interest Rate
Any balance 0.00% pa
Student Account/FREEstyle Student Account Interest Rate
Any balance 0.00% pa
Business Account Interest Rate
$1 - $999 0.00% pa
$1,000 and over 0.05% pa
Christmas Club Account Interest Rate

Any balance

0.10% pa1
Senior Saver Account Interest Rate

$1 - $1,999

0.05% pa

$2,000 - $48,599

0.10% pa

$48,600 and over

0.25% pa
Concession Account Interest Rate
Any balance 0.00% pa
Money Management Account Interest Rate
$1 - $4,999 0.00% pa
$5,000 - $9,999 0.05% pa
$10,000 - $19,999 0.05% pa
$20,000 - $49,999 0.05% pa
$50,000 - $99,999 0.10% pa
$100,000 - $249,999 0.15% pa
$250,000 and over 0.20% pa
Overdrawn Savings Account Interest Rate

Any balance

16.50% pa2
  Savings and transaction accounts (no longer for sale)
Account Interest Rate
Savings Investment Account (withdrawn 22 May 2015)  
$500 - $4,999 0.025% pa
$5,000 - $19,999 0.05% pa
$20,000 and over 0.15% pa


 

Term Interest paid $500 < $5000 $5000 > $500k
1 Month At maturity 0.05% pa 0.05% pa
2 Months At maturity 0.05% pa 0.05% pa
3 Months At maturity 0.05% pa 0.10% pa
4 Months At maturity 0.05% pa 0.10% pa
5 Months At maturity 0.05% pa 0.10% pa
6 Months At maturity 0.10% pa 0.25% pa
6 Months Quarterly 0.10% pa 0.20% pa
6 Months Monthly 0.10% pa 0.20% pa
7 Months At maturity 0.10% pa 0.30% pa
8 Months At maturity 0.10% pa 0.25% pa
9 Months At maturity 0.10% pa 0.25% pa
10 Months At maturity 0.10% pa 0.25% pa
11 Months At maturity 0.10% pa 0.25% pa
12 Months At maturity 0.15% pa 0.30% pa
12 Months Half yearly 0.15% pa 0.25% pa
12 Months Quarterly 0.15% pa 0.25% pa
12 Months Monthly 0.15% pa 0.25% pa
15 Months Quarterly 0.15% pa 0.30% pa
24 Months At maturity 0.15% pa 0.30% pa
24 Months Yearly 0.15% pa 0.25% pa
24 Months Half yearly 0.15% pa 0.20% pa
24 Months Quarterly 0.15% pa 0.20% pa
24 Months Monthly 0.15% pa 0.20% pa
36 Months Yearly 0.15% pa 0.30% pa
36 Months Half yearly 0.15% pa 0.25% pa
36 Months Quarterly 0.15% pa 0.25% pa
36 Months Monthly 0.15% pa 0.25% pa
48 Months Yearly 0.15% pa 0.30% pa
48 Months Half yearly 0.15% pa 0.25% pa
48 Months Quarterly 0.15% pa 0.25% pa
48 Months Monthly 0.15% pa 0.25% pa
60 Months Yearly 0.15% pa 0.30% pa
60 Months Half yearly 0.15% pa 0.25% pa
60 Months Quarterly 0.15% pa 0.25% pa
60 Months Monthly 0.15% pa 0.25% pa

  Related information:

 

1 Interest paid 31 October each year. Withdrawals allowed between 1 November and 31 January only

2 Interest charged when savings account is overdrawn or exceeds the approved limit. Interest charged monthly.