In the event that the bank changes the interest rate of the savings account, you will be notified in advance by email. In order to secure the rate for the savings account, we kindly ask that you fund your application as soon as possible and before the date and time specified in the email.
When a rate decreases (unless the bank chooses otherwise), any unfunded fixed term bond orders will be revoked on the day the rate change is scheduled to take effect.
If you choose to fund your fixed term bond account after the rate has decreased, your funds will be placed at the new, lower rate, and a 14-day cooling-off period will apply.
For full details, please refer to the product fact sheet.