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Show me interest rates for
Everyday Accounts
Savings & Term Deposits
Credit Cards
Home Loans
Personal Loans
Business Lending
Not For Sale Products
Download interest rate schedules
Interest Rate Schedule - Lending Products
Interest Rate Schedule - Everyday Banking and Savings Products
Interest Rate Schedule – Business Lending Products

Everyday Accounts

Everyday Account

This account does not earn interest.

Everyday Youth Account

This account does not earn interest.

Everyday Edge Account

This account does not earn interest.

Everyday 50+ Account

Conditions: Funds are available on call. Interest is calculated on daily balances and paid monthly. Rate applies on a stepped basis. Interest paid at 0.01% p.a on balances under $5,000, at 0.10% p.a. on balances from $5,000 to $50,000, and at 0.70% p.a. on the portion of the balance over $50,000.

Account Portion
Rate
Everyday 50+ Account
Under $5,000
0.01%p.a.
$5,000-$50,000
0.10%p.a.
Over $50,000
0.70%p.a.
Everyday Business Account

Funds are available on call. This account does not earn interest.

Savings & Term Deposits

Term Deposits1
Term
Interest in maturity/annually
Interest monthly
Term Deposit rates
1 Month
0.60%p.a.
Not available
2 Month
0.75%p.a.
0.65%p.a.
3 Month
1.25%p.a.
1.15%p.a.
4 Month
0.50%p.a.
0.40%p.a.
5 Month
0.50%p.a.
0.40%p.a.
6 Month
2.00%p.a.
1.90%p.a.
7 Month
0.55%p.a.
0.45%p.a.
8 Month
0.55%p.a.
0.45%p.a.
9 Month
2.20%p.a.
2.10%p.a.
10 Month
0.60%p.a.
0.50%p.a.
11 Month
0.60%p.a.
0.50%p.a.
12 Month
3.00%p.a.
2.90%p.a.
13 Month
2.00%p.a.
1.90%p.a.
14 Month
2.00%p.a.
1.90%p.a.
15 Month
2.00%p.a.
1.90%p.a.
16 Month
2.00%p.a.
1.90%p.a.
17 Month
2.00%p.a.
1.90%p.a.
18 Month
3.00%p.a.
2.90%p.a.
19 Month
2.00%p.a.
1.90%p.a.
20 Month
2.00%p.a.
1.90%p.a.
21 Month
2.00%p.a.
1.90%p.a.
22 Month
2.00%p.a.
1.90%p.a.
23 Month
2.00%p.a.
1.90%p.a.
2 Year
3.40%p.a.
3.30%p.a.
3 Year
3.45%p.a.
3.35%p.a.
4 Year
3.75%p.a.
3.65%p.a.
5 Year
3.85%p.a.
3.75%p.a.
Platinum Plus Club Members (55+)
Platinum Plus Club Members (55+)
1 Year
3.10%p.a.
3.00%p.a.
13 Months
2.10%p.a.
2.00%p.a.
14 Months
2.10%p.a.
2.00%p.a.
15 Months
2.10%p.a.
2.00%p.a.
16 Months
2.10%p.a.
2.00%p.a.
17 Months
2.10%p.a.
2.00%p.a.
18 Month
3.10%p.a.
3.00%p.a.
19 Month
2.10%p.a.
2.00%p.a.
20 Month
2.10%p.a.
2.00%p.a.
21 Month
2.10%p.a.
2.00%p.a.
22 Month
2.10%p.a.
2.00%p.a.
23 Month
2.10%p.a.
2.00%p.a.
2 Year
3.50%p.a.
3.40%p.a.
3 Year
3.55%p.a.
3.45%p.a.
4 Year
3.85%p.a.
3.75%p.a.
5 Year
3.95%p.a.
3.85%p.a.
Home Saver Account2
Account balance
Rate
eSaver Reward
Maximum variable interest
1.30% p.a.
Base rate
0.05% p.a.
Bonus interest (balances up to $100,000)
1.25% p.a.
Goal Saver Account3
Account balance
Rate
eSaver Reward
Maximum variable interest
1.40% p.a.
Base rate
0.05% p.a.
Bonus interest (balances up to $50,000)
1.35% p.a.
eSaver Flexi Account4
Rate
eSaver Flexi rate
Interest rate
0.70% p.a.
Youth eSaver Account5
Account portion
Rate
Youth eSaver
$0-$5,000
3.25% p.a.
Over $5,000
1.00% p.a.
Important Information

Rates current as at 24 June 2022 and subject to change. Fees and charges are payable.

1 Minimum investment $5,000. Interest is calculated daily on whole balances. To receive the Platinum Plus Club Member rates mentioned below, the account owner of the term deposit must be either an individual aged 55 years or over, or a Super Fund/Trust, where the Trustee is an individual aged 55 years or over.

2 Interest is calculated daily and paid monthly. The base rate of interest is payable on the whole balance held in your Home Saver Account. Bonus interest is applied on top of the base rate on balances up to $100,000 in a calendar month if, prior to the last day of that calendar month:

A. You receive deposits totalling $2,000 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank account into your Everyday Edge Account/s; and

B. At least 5 Visa Debit card purchases have been processed from your Everyday Edge Account/s and are not in pending status (excludes ATM withdrawals, EFTPOS cash out, balance enquiries and Bank@Post transactions). Only deposits and purchases performed on Everyday Edge accounts are eligible to meet the bonus interest criteria for Home Saver.

3 Interest is calculated daily and paid monthly. The base rate of interest is payable on the whole balance held in your Goal Saver Account. Bonus interest is applied on top of the base rate on balances up to $50,000 in calendar month if, prior to the last day of that calendar month:

A. You receive funds of $500 or more by electronic transfer (excluding telegraphic transfer) from a non-Great Southern Bank bank account into your Everyday Edge Account; and

B. At least 5 settled (not pending) Visa Debit card purchase transactions (card present and card not present transactions but excluding ATM withdrawals, balance enquiries, Bank@Post transactions, cash advances and EFTPOS cash out only transactions) have been processed from your Everyday Edge Account.

4 Interest is calculated daily on whole balances and paid monthly.

5 Rate applies on a stepped basis. Interest paid at 3.25% p.a. on balances up to $5,000, then at 1.00% p.a. on that portion of the balance over $5,000. Great Southern Bank Youth eSaver account converts to a Goal Saver Account once you turn 18 years old.

Home Loans

All loans are subject to lending criteria, terms and conditions. Ask us for details. Fees and charges apply. Refer to Lending Schedule of Fees brochure. Additional conditions apply to ‘new lending only’ offers. Interest rates are on a per annum basis and are subject to change.

Housing Finance Owner Occupier & Residential Investment. Different LVR limits apply to each home loan.

Variable Rates

Rates below are inclusive of any discounts off the reference rate.8

Discounted variable rates for new and additional lending from 22 June 2022
Owner Occupier
Investor
Interest Rate
Comparison rate^
Interest Rate
Comparison rate^
Basic Variable - LVR is 70% or less
Basic Variable
LVR is 70% or less
Principal & Interest repayments
2.64%
2.69%
3.09%
3.14%
Interest Only repayments6
3.54%
2.92%
3.34%
3.24%
Construction Interest only7
3.54%
2.77%
3.99%
3.22%
Basic Variable - LVR is above 70% and less than or equal to 80%
Basic Variable
LVR is above 70% and less than or equal to 80%
Principal & Interest repayments
2.99%
3.04%
3.24%
3.29%
Interest Only repayments6
3.64%
3.21%
3.44%
3.37%
Construction Interest only7
3.54%
3.09%
3.99%
3.36%
Basic Variable - LVR is above 80% and less than or equal to 90%
Basic Variable
LVR is above 80% and less than or equal to 90%
Principal & Interest repayments
3.39%
3.44%
3.69%
3.74%
Interest Only repayments6
3.79%
3.54%
3.94%
3.84%
Construction Interest only7
3.64%
3.46%
4.09%
3.78%
Basic Variable - LVR is more than 90%
Basic Variable
LVR is more than 90%
Principal & Interest repayments
3.74%
3.79%
---
---
Construction Interest only7
---
---
---
---
Basic Variable - Reference Rate
Basic Variable
Reference Rate
Principal & Interest repayments
4.50%
4.50%
4.93%
4.93%
Interest Only repayments6
5.00%
---
5.28%
---
Construction Interest only7
4.60%
---
5.03%
---
Offset Variable - LVR is 70% or less
Offset Variable
LVR is 70% or less
Principal & Interest repayments
2.79%
2.84%
3.49%
3.54%
Interest Only repayments6
3.74%
3.08%
3.89%
3.70%
Construction Interest only7
3.74%
2.92%
4.19%
3.61%
Offset Variable - LVR is above 70% and less than or equal to 80%
Offset Variable
LVR is above 70% and less than or equal to 80%
Principal & Interest repayments
3.20%
3.25%
3.69%
3.74%
Interest Only repayments6
3.84%
3.42%
3.99%
3.86%
Construction Interest only7
3.74%
3.30%
4.19%
3.79%
Offset Variable - LVR is above 80% and less than or equal to 90%
Offset Variable
LVR is above 80% and less than or equal to 90%
Principal & Interest repayments
3.59%
3.64%
3.89%
3.94%
Interest Only repayments6
3.99%
3.75%
4.14%
4.05%
Construction Interest only7
3.84%
3.67%
4.29%
3.98%
Offset Variable - LVR is more than 90%
Offset Variable
LVR is more than 90%
Principal & Interest repayments
3.84%
3.89%
---
---
Construction Interest only7
---
---
---
---
Offset Variable - Reference Rate
Offset Variable
Reference Rate
Principal & Interest repayments
4.70%
---
5.13%
---
Interest Only repayments6
5.20%
---
5.48%
---
Construction Interest only7
4.80%
---
5.23%
---

Fixed Rates9

Owner Occupier
Investor
Interest Rate
Comparison rate^
Interest Rate
Comparison rate^
1 Year Fixed
1 Year Fixed
Principal & Interest repayments
4.84%
4.59%
5.14%
5.01%
Interest Only repayments6
5.34%
4.64%
5.34%
5.03%
2 Year Fixed
2 Year Fixed
Principal & Interest repayments
4.99%
4.65%
5.14%
5.03%
Interest Only repayments6
5.34%
4.71%
5.14%
5.03%
3 Year Fixed
3 Year Fixed
Principal & Interest repayments
5.29%
4.77%
5.39%
5.11%
Interest Only repayments6
5.39%
4.80%
5.44%
5.13%
5 Year Fixed
5 Year Fixed
Principal & Interest repayments
5.49%
4.97%
5.59%
5.27%
Interest Only repayments6
---
---
5.69%
5.31%

Note:

All investor Fixed Rate home loans revert to the Investor Basic Variable Principal & Interest Reference Rate (currently 4.93%) at the expiry of the fixed term.

All Owner Occupier Fixed Rate home loans revert to the Owner Occupier Basic Variable Principal & Interest Reference Rate (currently 4.50%) at the expiry of the fixed term.

Bridging Loans

Owner Occupier
Investor
Interest Rate
Comparison rate^
Interest Rate
Comparison rate^
Bridging Loan
Bridging Loan
Interest Only repayments6
6.31%
6.40%
6.31%
6.40%

Is this product right for me?

Important Information

Rates current as at 22 June 2022 and subject to change. Fees and charges are payable.

6 For Interest Only loans, a maximum interest only period of 36 months applies for owner occupier loans and 60 months for investment loans. For Fixed Rate loans, the interest only period must align with the fixed rate period. On expiry of the Fixed Rate interest only period, loans will revert to the Basic Variable Principal and Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry. On expiry of the Basic Variable interest only period, loans will revert to the Basic Variable Principal and Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry, less any discount set out in the loan contract. On expiry of the Offset Variable interest only period, loans will revert to the Offset Variable Principal and Interest Owner Occupier or Investor Reference Rate (as applicable) which applies at the time of expiry, less any discount set out in the loan contract. Comparison rate for Interest Only loan is based on interest only payments for the fixed term and principal & interest payments for the balance of the term.

7 For Construction loans, payments are made on an interest only basis for the first 12 months. After 12 months, the loan will revert to the relevant Principal & Interest Reference Rate applicable at the time, less any discount set out in the loan contract.

8 Discounts off the Basic Variable and Offset Variable Reference Rate are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000; for new home loan applications unconditionally approved on or after 22 June 2022. Published interest rates are inclusive of any discounts off the respective Reference Rates. Interest rates and discounts vary based on the loan purpose (owner occupier and investor), repayment type (principal and interest, interest only, construction) and Loan to Value Ratio (LVR). Maximum LVR applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

9 Fixed Rate loans are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of existing home loans. Maximum Loan to Value Ratio applies and includes Lenders Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

^ Comparison rate calculated on a $150,000 secured loan over a term of 25 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

* Inclusive of Lenders Mortgage Insurance (LMI). Note: Details of interest rates for other closed products are available on request.

To view the Target Market Determination for these products, please click here.

Personal Loans

All purpose loans
Interest rate
Comparison rate
Up to $75,000
Up to $75,000#
Unsecured Variable Personal Loan
11.89%p.a.
12.15%p.a. ****
Up to $65,000
Up to $65,000^^
Unsecured Fixed Personal Loan
9.39%p.a.
9.64%p.a. ****
Up to $100,000
Up to $100,000^^
Secured Fixed Car Loan
6.79%p.a.
7.16%p.a. **
Important Information

These interest rates are current as at 22 June 2022 and are subject to change. Fees and charges are payable.

** Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. Rates are for secured loans only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

**** Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. Rates are for unsecured loans only. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^^ $3,000 minimum loan amount in branch, $5,000 minimum loan amount online. Available loan term is 1 to 7 years.

#  $3,000 minimum loan amount and $100,000 maximum loan amount available in branch. $5,000 minimum loan amount and $75,000 maximum loan amount available online. Available loan term is 1 to 7 years.

Credit Cards

Conditions: These interest rates are current as at 29 March 2022 and are subject to change. Fees and charges are payable.

Purchases
Cash
Platinum Credit Card
Platinum Credit Card
19.99%p.a.
21.74%p.a.
Low Rate Credit Card
Low Rate Credit Card
11.99%p.a.
21.74%p.a.

Not For Sale Products

View Interest Rates for Not For Sale Products

Home Loans

Owner Occupier
Investor
Achieve Variable
Achieve Variable
Reference Rate12
Principal & Interest repayments
4.70%p.a.
5.13%p.a.
Construction Interest only10
4.80%p.a.
5.23%p.a.
Interest Only repayments11
5.20%p.a.
5.48%p.a.
Accelerate Variable
Accelerate Variable
Principal & Interest repayments
3.69%p.a.
4.12%p.a.
Construction Interest only 10
3.99%p.a.
4.42%p.a.
Interest Only repayments 11
4.19%p.a.
4.47%p.a.
Fresh Start Basic Variable
Fresh Start Basic Variable
Principal & Interest repayments
4.27%p.a.
5.03%p.a
Construction Interest only10
4.27%p.a.
5.03%p.a
Interest Only repayments11
4.62%p.a.
5.38%p.a
Fresh Start Variable
Fresh Start Variable
Principal & Interest repayments
4.46%p.a.
5.11%p.a
Construction Interest only10
4.46%p.a..
5.11%p.a
Interest Only repayments11
4.81%p.a.
5.46%p.a
Balanced Variable
Balanced Variable
Principal & Interest repayments
3.70%p.a.
4.13%p.a
Construction Interest only10
3.80%p.a.
4.23%p.a
Interest Only repayments11
4.20%p.a.
4.48%p.a
Advance Variable
Advance Variable
Principal & Interest repayments
3.85%p.a.
---
Construction Interest only10
4.19%p.a.
---
Interest Only repayments11
4.44%p.a.
---
1 year Intro Variable
1 year Intro Variable
Principal & Interest repayments
4.43%p.a.
---
Platinum Variable
Platinum Variable
4.19%p.a.
4.69%p.a.
Standard Variable
Standard Variable
5.19%p.a.
5.74%p.a.
Discount Variable*
Discount Variable12
5.19%p.a.
5.74%p.a.
Fresh Start Access Variable
Fresh Start Access Variable
4.66%p.a.
5.16%p.a.
CUA Rate Breaker Package12, 13
CUA Rate Breaker Package12, 13
3.51%p.a.
3.81%p.a.
Equity Line of Credit
Equity Line of Credit
Interest Only repayments11
6.06%p.a.
6.06%p.a.

Conditions: These interest rates are current as at 22 June 2022 and are subject to change. Fees and charges are payable.

10 Maximum Interest Only period of 24 months for Owner Occupier and 60 months for Investor lending (subject to credit approval). For Fixed Rate home loans, interest only period must align to the fixed rate period. At expiry of the interest only period, loans will revert to the relevant Principal & Interest repayments rate reflecting any applicable discounts specified in the loan contracts.

11 Payments are made on an interest only basis for the first 12 months. After 12 months loans will revert to the relevant Principal & Interest repayments rate reflecting any applicable discounts specified in the loan contracts.

12 Refer to your credit contract for any discount that may apply (if applicable).

13 Refer to Rate Breaker Package Terms and Conditions for more information.

Personal Loans

All purpose loans
Interest rate
Comparison rate
Variable Rate Personal Loan
Variable Rate Personal Loan
12.99%p.a.
12.99%p.a.
Discount Fixed Personal Loan
10.99%p.a.
11.25%p.a.

Overdrafts

Rate
“Everyday” overdraft
10.90%p.a.
“Just in Case” overdraft
13.50%p.a.

Cash Management Account

Conditions: Interest is calculated daily on whole balances and paid monthly.
Account Portion
Rate
Cash Management Account rates
Under $50,000
0.01% p.a.
$50,000 - $99,999
0.01% p.a.
$100,000 - $249,999
0.05% p.a.
$250,000 & over
0.10% p.a.

Christmas Club Account

Conditions: Interest is calculated on a daily basis and paid annually on all balances.
Rate
Christmas Club Account rates
All balances
0.05% p.a.

Everyday 55+ Account

Conditions: Funds are available on call. Interest is calculated on daily balances and paid monthly. Rate applies on a stepped basis. Interest paid at 0.01%p.a. on balances under $5,000, at 0.10%p.a. on balances from $5,000 to $50,000, and at 0.60%p.a. on the portion of the balance over $50,000.

Account Portion
Rate
Everyday 55+ Account
Under $5,000
0.01% p.a.
$5,000-$50,000
0.10% p.a.
Over $50,000
0.60% p.a.

eSaver Boost Account

Conditions: Bonus interest is applied on top of the base rate if deposits totalling at least $250 and no withdrawals are made in the same whole calendar month. Interest is calculated daily on whole balances and paid monthly. Bonus interest is payable only on balances up to $500,000. The base rate of interest will be paid on the portion of any balance exceeding $500,000.

Rate
eSaver Boost rate
Maximum rate
0.50% p.a.
Base rate
0.05% p.a.
Bonus interest (on balances up to $500,000)
0.45% p.a.

eSaver Extra Account

Conditions: Bonus interest is applied on top of the base rate if deposits totalling at least $250 and no withdrawals are made in the same whole calendar month. Interest is calculated daily on whole balances and paid monthly. Bonus interest is payable only on balances up to $750,000. The base rate of interest will be paid on the portion of any balance exceeding $750,000.

Rate
eSaver Extra
Maximum rate
0.55% p.a.
Base rate
0.05% p.a.
Bonus interest (on balances up to $750,000)
0.50% p.a

eSaver Account

Conditions: Interest is calculated daily on whole balances and paid monthly.
Rate
eSaver Account rates
All balances
0.25% p.a.

Bonus Saver Account

Includes 0.20% p.a. bonus
Conditions: Bonus interest is paid if no debit transactions are made on the account during a calendar month and a deposit of at least $50.00 is made to the account during the same calendar month. Interest is calculated daily on whole balances and paid monthly.
Rate
Bonus Saver Account rates
All balances
0.20% p.a.

eSaver Plus Account

Conditions:Bonus interest is applied on top of the base rate if deposits totalling at least $200 and no withdrawals are made in the same whole calendar month. Interest is calculated daily on whole balances and paid monthly. Bonus interest is payable only on balances up to $1,000,000. The base rate of interest will be paid on the portion of any balance exceeding $1,000,000.
Rate
eSaver Plus Account
Maximum rate
0.50% p.a.
Base rate
0.05% p.a.
Bonus interest (on balances up to $1,000,000)
0.45% p.a.

eSaver Reward Account

Conditions: Interest is calculated daily on whole balances and paid monthly. Bonus interest applies to balances in your eSaver Reward Account up to $100,000 when you deposit $1,000 or more each month by bank transfer (excluding telegraphic transfers) from a non-Great Southern Bank account into your eligible Everyday Transaction Account, being the Everyday, Everyday Snap, Everyday Youth, Everyday 50+, Everyday55+, Everyday Business, Prime Access, Freedom Plus and Platinum Plus Accounts.
Rate
eSaver Reward Account
Maximum rate
1.00% p.a.
Base rate
0.05% p.a.
Bonus interest (on balances up to $100,000)
0.95% p.a.

FPI Account

Conditions: Interest is calculated daily on whole balances and paid monthly.
Rate
FPI Account
All balances
1.00%p.a.

Cash Hub

Conditions: Interest is calculated daily on whole balances and paid monthly.
Rate
Cash Hub
All balances
1.00%p.a.

Serious Saver

Conditions: Funds are available on call. Interest is calculated daily on whole balances and paid half-yearly.

All balances earn 0.01% interest.

Prime Access Account

This account does not earn interest.

Freedom Plus Account

This account does not earn interest.

Platinum Plus Account

This account does not earn interest.

Special Purpose Account

This account does not earn interest.

An explanation of comparison interest rates

On all Great Southern Bank advertisements for home and personal loans, you will see a 'comparison rate' appearing after the interest rate. A comparison rate is a tool designed to help consumers identify the true cost of a loan.

The comparison rate includes the annual interest rate and the upfront and ongoing fees and charges relating to the loan, expressed as a single percentage figure. For example, an advertisement displaying an interest rate of 5.49% p.a. may have a comparison rate of 6.75% p.a.

Under the National Credit Code, all lenders must include a comparison rate, in addition to other prescribed information, when advertising an interest rate.

Compare with caution

Comparison rates can be a useful tool for comparing the overall cost of different loans, however they have some shortcomings. Many add-on features which some customers find very valuable are not taken into account in the calculation of the comparison rate.

When choosing a loan, it is important to research the features of each loan to find the product that suits you best. You'll find most of our home loans offer the ability to make additional and lump-sum repayments without penalty, and include free redraws and many other features that are not available from our competitors.

These features are not reflected in our comparison rates.