Buckscoop > Deals > Everything Else > 9% interest with Regular Saver account @ Bankwest

9% interest with Regular Saver account @ Bankwest

Posted By: geo78, posted 2008/03/05 11:48
Determined to retain its market leading position on deposit rates, the bank has increased the rate on its Regular Saver account by 100 basis points to 9.0 per cent.
28°-+
  • ozpete2008/03/05 13:49:36
    Just be aware that this account has some very limiting conditions

    from their PDF

    Clause 6.1 Credit Interest
    Credit interest is paid monthly to the account and is calculated daily up to, and credited to your
    account on, the first business day of the following month.

    A credit interest rate of 8.00% p.a. will apply to the balance of the account for any month where:

    (a) you make no withdrawals from the account during the month; and
    (b) the total amount of all deposits which we treat as having been made to the account (see
    clause 3.4) during the month is equal to, or greater than, $50.00.

    If you fail to meet these requirements in any month, no credit interest will be paid for that particular
    month.

    http://www.bankwest.com.au/library/pdf/PDS_20070723-143550.pdf

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