Interest Rate Updates (savings accounts) - March 2023
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As a customer-owned bank, we carefully consider the needs of all our customers to ensure we make a balanced decision for both our loan and deposit customers.
Following a recent review, the tables below show some of the rate changes that we will be making to our Savings Account products. Rates for these accounts will change on Tuesday 28 March 2023.
Current Savings Accounts.
From Tuesday 28 March 2023, Beyond Bank’s advertised Savings Accounts Interest Rates will be as follows;
Purple Bonus Saver
Tier |
Current Total Rate (% p.a.)* |
New Total Rate (% p.a.)* |
Change (% p.a.) |
$0 - $200,000 |
3.70 | 4.00 | 0.30 |
$200,000.01+ |
0.01 | 0.01 | No Change |
We're here to help.
Beyond Bank has more than 275,000 customer-owners. 21,000 have loan accounts and 16,000 hold term deposits. Because our customers own the bank, all monies generated by the organisation are reinvested into the business to provide products and services and maintain the bank’s strong capital position.
We are very mindful of cost-of-living pressures and their impact on people today, and that interest rates can have a significant influence on this. We will always take an approach based on working with our owner-customers in a caring and supportive way.
If you need assistance with your loans, please call 13 25 85, option 2 to speak to our specialist team.
For general tips and resources for your financial wellbeing, please visit beyondbank.com.au/financial-wellbeing.html
Also in Corporate announcements
*Rate is subject to bonus criteria being met. Where criteria are not met, base rate on the account type would be applicable and can be found on our website.