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The
following rates apply to SGE Savings & Investments and
are correct as at 27th May 2010 . |
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Access Account (S1)
* Visa Account (S3)
* Budget Account (S5)
* Special Purpose Account (S7)
Interest calculated on daily minimum monthly balances and paid monthly.
|
| Amount |
Interest Rate |
| $0 - $1,999 |
0.00% pa |
| $2,000 - $4,999 |
0.00% pa |
| $5,000 - $19,999 |
0.15% pa |
| $20,000 - $49,999 |
0.50% pa |
| $50,000 + |
1.00% pa |
|
|
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Christmas Club Account (S4)
Interest calculated on daily balance and paid monthly.
|
| Amount |
Interest Rate |
| $1 + |
1.00% pa |
|
|
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*Young Savers Account (S8)
Interest calculated on daily balance and paid monthly.
|
| Amount |
Interest Rate |
| $1 + |
1.00% pa |
|
|
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*Determined Savers Accounts (S9)
Interest calculated on daily tiered balances and paid is monthly.
|
| Amount |
Interest Rate |
| $0 - $4,999 |
0.10% pa |
| $5,000 - $19,999 |
0.50% pa |
| $20,000 - $49,999 |
1.00% pa |
| $50,000 - $99,999 |
1.50% pa |
| $100,000 + |
2.00% pa |
|
|
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Inetsaver Account (S11)
Interest calculated on daily tiered balances and is paid monthly.
|
| Amount |
Interest Rate |
| $0 - $99,999 |
3.75% pa |
| $100,000 - $249,999 |
4.25% pa |
| $250,000 - $499,999 |
4.75% pa |
| $500,000+ |
5.25% pa |
|
|
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Pension Plus Account (S12)
Interest calculated on daily balance and paid monthly.
|
| Type |
Amount |
Interest Rate |
| Single |
Up to and including $42,000 |
3.00% pa |
| Over $42,000 |
4.50% pa |
| Single non- pensioner |
Up to and including $42,000 |
3.00% Pa |
| Over $42,000 |
4.50% pa |
| Member of pensioner couple |
Up to and including $70,000 combined |
3.00% Pa |
| Over $70,000 combined |
4.50% pa |
| Member of non-pensioner couple |
Up to and including $35,000 combined |
3.00% Pa |
| Over $35,000 combined |
4.50% pa |
|
|
These rates will change in accordance with Government Deeming rates adjustments. |
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Bonus Saver Account (S13)
|
| Amount |
Interest Rate |
| $1+ |
Base Rate - 3.75% p.a. |
| Bonus rate - 2.00% p.a. |
| Total Rate - 5.75%
p.a. |
|
|
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Go Green Savings Account (S18)
Interest calculated on daily balance and paid monthly.
|
| Amount |
Interest Rate |
| $1 + |
1.00% pa |
|
|
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Reward Me Saver Account (S32)
|
| Amount |
Interest Rate |
| $1 - $1,999 |
0.00% pa |
| $2,000 - $19,999 |
3.50% pa |
| $20,000^ + |
4.00% pa |
|
|
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| ^ Members with minimum
monthly balance of $20,000 and above their account will receive
the 4.00% pa interest rate on the whole balance of the account
and is paid monthly. |
| |
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Term Deposits*
|
| Amount |
30-89
days |
3-6
months |
7-12
months |
13-24
months |
3 Years |
| Min $1,000 |
2.50%pa |
2.50%pa |
2.50%pa |
2.50%pa |
- |
| Min $5,000 |
5.50%pa |
5.75%pa |
6.00%pa |
6.50%pa |
6.75%pa |
| Min $50,000 |
5.50%pa |
5.75%pa |
6.00%pa |
6.50%pa |
- |
|
|
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| *Term Deposits - These rates are only offered if the member nominates for interest to be paid on maturity or annually. If the member would like their interest to compound the rate will be 0.25% less than what is advertised. |
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Regular Income (Minimum $5,000)
Available to members over 50 years of age. Interest calculated on a daily balance and paid fortnightly or monthly.
|
| Term |
Interest Rate |
| 3 months |
3.50% pa |
| 6 months |
3.50% pa |
| 12 months |
3.50% pa |
|
|
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Cash Management Account (S10 & S55)
Deposits are at call after 7 days. Interest calculated on a daily balance and paid monthly.
|
| Amount |
Interest Rate |
| $0 - $19,999 |
0.10% pa |
| $20,000 - $49,999 |
1.25% pa |
| $50,000 - $99,999 |
1.75% pa |
| $100,000 + |
2.50% pa |
|
|
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| Please note that in products which are tiered ie S23, S9, S11, S12 and S32 the advertised rates apply to the various bands and not to the total balance. |
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| Download a copy of Savings Brochure by clicking here |
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*Accounts no longer offered. Existing accounts only.
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