Yes! We pay a competitive interest rate on your Stash.
How is interest calculated?
Interest is calculated daily on the balance of your Stash at 12 am (AEST) each day and paid on the first day of the following month. 📆
The interest rates on the Stash are tiered.
$0 - $50K |
1.5% up to $50k |
$50K - $245K |
0% |
$245K + |
N/A* |
- First-tier is the balance up to and including $50K
- Second-tier is a balance between $50K - $245K
- Third-tier is a balance greater than $245K
Will my balance earn interest?
All balances will earn interest (1.5%) up to $50K. For example, a balance of $60K will earn interest up to $50K and the excess (10K) will not earn interest.
*Interest is not applicable to the third tier (balance greater than $245K) as we’re only able to take maximum deposits up to $245K per customer (due to restrictions set by APRA - the Australian Prudential Regulatory Authority.
We will notify you when interest rates change on any of the tiers in the future. For more details on how interest rates work, please refer to the T&Cs. 📃