Changes to our General Terms and Overdraft Terms and Conditions – 22 June 2026
We’re changing the way we calculate, pay and deduct interest and fees on some of our accounts. Our General Terms and Overdraft Terms and Conditions have been updated to reflect this change and take effect on 22 June 2026. Read more.
Rates
| Interest | Variable rate | ||
|---|---|---|---|
| Interest | Overdraft interest rate | Variable rate | 15.39% p.a |
Overdraft rates effective 26 November 2021. All interest rates are subject to change.
| We can charge you default interest in certain situations | Rate | ||
|---|---|---|---|
| We can charge you default interest in certain situations | If your overdraft is cancelled, and you do not repay it in full on or before the date it is cancelled. | Rate | 22.00% p.a |
| We can charge you default interest in certain situations | If you have an overdraft with an expiry date, and do not repay it on or before it expires. | Rate | 22.00% p.a |
| We can charge you default interest in certain situations | If you go over your overdraft limit. | Rate | We do not currently charge default interest in this scenario. |
Fees
As at 30 November 2021, there are no fees on personal overdrafts.