Business Savings variable interest rate changes

We’re making changes to some of our business savings interest rates. These changes will come into effect from 1 November 2024.

Please see below to find out what your new interest rate will be.

Business Customer Interest Rates from 1 November 2024
Account Type Issue Number Annual AER Annual Gross p.a. Monthly AER Monthly gross p.a.
Business Instant Saver
9
2.05%
2.05%
2.02%
2.00%
Business Instant Saver
10
2.05%
2.05%
2.02%
2.00%
Business Instant Saver LA
4
2.05%
2.05%
2.02%
2.00%
Business 35 Day Saver
2
3.20%
3.20%
3.20%
3.15%
Business 35 Day Saver LA
2
3.35%
3.35%
3.36%
3.30%
Business 45 Day Saver
2
3.25%
3.25%
3.25%
3.20%
Business 45 Day Saver LA
2
2.65%
2.65%
2.64%
2.60%
Members 45 Day Business Saver
1
3.25%
3.25%
3.25%
3.20%
Business 95 Day Saver
11
4.15%
4.15%
4.18%
4.10%
Business 95 Day Saver LA
4
4.15%
4.15%
4.18%
4.10%
Business 125 Day Saver
4
4.25%
4.25%
4.28%
4.20%
Maturity Reserve
2
2.05%
2.05%
N/A
N/A

You can find the account type or issue number for your account on your latest statement. 

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and also added to the previously earned interest once each year.