We are reducing the interest rate for the following savings products, effective 1 March 2025.
- MoneyMAX Account (S12) for balances $1 and over interest rate reduced by 0.35% to 4.35%1
- Bonus Saver Account (S7) for balances $1 - $100,000 interest rate reduced by 0.25% to 4.20%2
- Power-Up eSaver Account (S6) for balances $1 and over interest rate reduced by 0.25% to 2.65%3
- Christmas Savings Account (S4) for balances $1 and over interest rate reduced by 0.25% to 1.60%4
- Pensioner Security Account (S8) for balances $1 - $45,400 interest rate reduced by 0.25% to 2.61%5
- Pensioner Security Account (S8) for balances $45,400.01 and over interest rate reduced by 0.25% to 2.75%5
For more details, please visit the Savings Interest Rates page here.
Important Information
Eligibility criteria, terms and conditions, fees and charges apply. All information including interest rate is subject to change. Interest rates are on a per annum basis. These products are issued by Unity Bank Limited ABN 11 087 650 315 AFSL/Australian Credit Licence 240399. Reliance Bank is a division of Unity Bank Limited. You should consider our Account & Access Facilities Conditions of Use before making a decision.
1. Interest is calculated daily and paid monthly. Interest rate applies to account balances over $1.
2. Bonus interest rate applies to account balances under $100,000 if those accounts have a minimum monthly deposit of $50 and no withdrawals, transfers within the calendar month. Standard interest rate applies to account balances over $100,000, and up to $100,000 if the account does not meet above criteria for bonus interest rate. Example: Member’s bonus saver account balance is $112,413.59 at the end of the month. During the month member has deposited $50 and made no withdrawals. Bonus interest is payable on $100,000 and standard interest is payable on $12,413.59. Interest is calculated daily and paid monthly. Bonus interest rate is currently 4.19% and standard interest rate is currently 0.01%. Rates are subject to change. Personal banking only. Only one bonus saver account can be opened per membership.
3. Interest is calculated daily and paid monthly.
4. Interest is calculated daily and paid quarterly. Withdrawals only available from 1 November to 31 January.
5. Interest is calculated daily and paid quarterly. Special Note: Members over 65 years of age are automatically exempt from paying the Monthly Usage Fee, no application for exemption forms are required.
