Deposit Interest Rates

Interest rates last updated 16 May 2012.

Special Offer Term Deposits

	Minimum Deposit $5,000 Interest Rate %p.a.
6 Months	4.40
12 Months*	4.50

*Interest paid monthly or at maturity only

Term Deposits

	Minimum Deposit $2,000 Interest Rate %p.a.	Minimum Deposit $10,000 Interest Rate %p.a.	Minimum Deposit $50,000 Interest Rate %p.a.
1 Month	2.90	3.00	3.00
3 Months	3.45	3.55	3.55
6 Months	4.30	4.40	4.40
9 Months	4.35	4.45	4.45
12 Months	4.40	4.45	4.45
18 Months	4.55	4.60	4.60
24 Months	4.65	4.75	4.75
36 Months	4.90	5.00	5.00
48 Months	5.15	5.25	5.25

monthly income option on deposits over $5,000.
Refer to Term Deposits for our interest options.
Maximum deposit $500,000. Interest rates may be negotiated for deposits over this amount.
Term Deposits are available anywhere from 1 month to 48 months. Where the term chosen by a customer does not have a specific quoted interest rate, the interest rate for that Term Deposit will be the rate applicable to the next shortest term that has a quoted rate.

Bonds

	Interest rate % p.a.
24 Months	4.80
36 Months	5.05
48 Months	5.30

minimum deposit $2,000.

PIE Term Fund

	Interest Rate % p.a.	Effective interest rate for 30% tax payers % p.a.	Effective interest rate for 33% tax payers % p.a.
6 Months	4.25%	4.37%	4.57%
12 Months	4.50%	4.63%	4.84%
24 Months	4.65%	4.78%	5.00%

Minimum investment $5,000
Income is distributed at maturity only

Online Account

3.25% p.a. interest on all credit balances.
Interest calculated daily, paid monthly.

Current

nil interest on all balances.

Smile On Call

	Interest Rate % p.a.
$0 - $4,999	nil interest
$5,000 - $14,999	1.25
$15,000 - $49,999	1.50
$50,000 - $99,999	2.00
$100,000 or more	3.15

interest calculated daily, paid monthly.

Step Saver

	Standard Rate % p.a.	Interest with bonus % p.a.
$0 - $999	0.25	3.75
$1,000 - $2,999	0.25	3.75
$3,000 or more	0.50	4.00

the bonus rate is paid in every full calendar month, if the account balance, exclusive of interest, is higher at the month end than the balance at the start of the month and no more than one withdrawal is made in the month.
current bonus interest rate is 3.50% p.a.
interest calculated daily, paid monthly.

Ultra Saver (for existing Ultra Saver accounts only)

Tier	Minimum Balance*	Interest Rate % p.a.
1	$500 - $749	2.25
2	$750 - $999	2.50
3	$1000+	3.00

interest calculated daily, paid monthly.
*no interest earned for the month if the account balance is less than the minimum for the tier selected.
in any month a withdrawal is made, interest is calculated according to the account balance at the current Basic Saver account interest rate.
interest is calculated at the rate applicable to the tier chosen by you. You can apply in writing to change tiers.

Basic Saver

1.50% p.a. on all credit balances.

Dollars and Sense

A great starter account for kids under 13.

	Interest Rate % p.a.
$0 - $99	2.00
$100 - $249	2.25
$250 or more	2.25

interest calculated daily, paid monthly.

Dosh

No fees and top rewards for 13 to 17 year olds.

	Interest Rate % p.a.
$0 - $249	2.25
$250 - $999	2.25
$1000 or more	2.50

interest calculated daily, paid monthly.
No interest is paid in a month if more than one withdrawal has been made in the month.

Christmas Saver

1.50% p.a. on all credit balances.

All rates are subject to change. An Investment Statement and a registered Prospectus for the PIE Term Fund are available from any branch of The Co-operative Bank. You can download a copy of the PIE Term Fund Investment Statement by clicking here.

Interest rates and fees are subject to change. An Investment Statement and the current Disclosure Statement are available from any branch of The Co-operative Bank or can be downloaded here. For all lending products, The Co-operative Bank lending and insurance criteria, and fees apply. If a home loan is greater than 80% of the property's value, a low equity interest rate premium, will apply.