The interest rate is subject to changes in line with the Reserve Bank of Australia (RBA) cash rate and SelfWealth reserves the right to adjust the rate as determined.
As at 2nd October 2019: Interest is no longer paid on cash accounts, due to the low-interest rates.
Historical interest Rates:
As at 3rd July 2019:
- amounts less than $100,000 - no interest paid
- amounts over $100,000 - 0.25% interest per annum
As at 1 July 2018:
- amounts less than $10,000 - no interest paid
- amounts between $10,000 - $100,000 - .25% pa
- amounts over $100,000 - 0.50% interest pa
Interest is calculated daily on the balance at the end of the day and will be paid into your cash account within 5 business days following the end of the month.