Australian Unity Bank announces change to interest rates

10 March 2023

Tags: Media

Following the Reserve Bank of Australia’s decision to increase the official cash rate by 0.25%, Australian Unity Bank will increase selected savings, term deposit and home loan interest rates for customers, effective Thursday 16 March.

New deposit rates

  • Active Saver Account with bonus interest rate will increase by 0.30% p.a. to 4.00% p.a.
  • Golden Saver Account interest rate will increase by 0.25% p.a. to 2.85% p.a for balances more than $48,001.
  • Six month Term Deposit interest rate will increase by 0.15% p.a. to 3.90% p.a.
  • Eighteen month Term Deposit interest rate will increase by 0.20% p.a. to 4.30% p.a.

New home loan rates

  • Home loan variable interest rates for new and existing customers will increase by 0.25% p.a.

Matthew Ricker, Chief Executive Officer at Australian Unity Bank, said Australian Unity aims to balance current interest rates with the needs of depositors and customers 

“We aim to ensure both our deposit and home loan rates remain competitive in the broader market. With many Australians looking at savings rates, our changes to deposit interest will support Australians achieve their financial goals in 2023.”

Australian Unity strongly encourages any customers experiencing financial difficulty to reach out to its team as soon as possible for assistance. New and existing customers can contact Australian Unity Bank on 1800 288 300.

-ends-



Media contact:
T: 1300 408 776
E: media@australianunity.com.au

About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with more than 385,000 members and more than 700,000 customers. Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.

Related article

World class Wyvern Private Hospital opens its doors in Sydney’s North

Wyvern Private Hospital, a state-of-the-art private surgical and rehabilitation hospital in the Sydney suburb of Terrey Hills, has today opened its doors to the Northern Beaches community.

Read more

Australian Unity brings its membership card to Apple Wallet, enabling users to access their health insurance cards on their iPhone and Apple Watch

Australian Unity is enhancing its customer experience by enabling members to add their membership card to Apple Wallet on their iPhone and Apple Watch. This enables Australian Unity members to seamlessly make on-the-spot claims at any extras healthcare practice by holding their iPhone or Apple Watch near any HICAPS, CommBank or Tyro health insurance payment terminal in Australia.

Read more

Australian Unity announces agreement to transfer its banking business to Bank Australia

Australian Unity announces agreement to transfer its banking business to Bank Australia.

Read more

Australian Unity delivers $2.01 billion in social impact in FY24

Australian Unity has reported $2.01 billion in social impact for the 2024 financial year—an increase from $1.76 billion for the 2023 financial year.

Read more