Terms & Conditions for Save promotional interest rate August 2024
What’s the offer?
Sharesies Save accounts that increase their balance between 31 July and 31 August 2024 will be paid a limited time, promotional interest rate of 5.00% p.a. for the month of August.
An increase in balance means deposits are greater than withdrawals. Interest payments made from the previous month are not counted as a deposit.
This offer will apply on a per Save account basis (not on a per customer basis). For example, if you have two Save accounts but the balance only increases during August for one account, only that one account will earn 5.00% p.a. and the other account will earn the default interest rate—currently 4.35% (changed from 4.60% to 4.35% on 20 August).
After the promotional period the default interest rate will apply.
Interest rate is subject to change.
Eligibility criteria
For existing Save accounts
If the balance of your Sharesies Save account is higher on 31 August 2024 than it was on 31 July 2024 then the interest rate you will earn for August will be 5.00% p.a.
If your balance hasn’t gone up during August, the default interest rate will apply.
For new Save accounts
If you open a Sharesies Save account during the promotional period 31 July to 31 August 2024 and your balance is more than zero (so deposits are greater than withdrawals) on 31 August then the interest rate you will earn for August will be 5.00% p.a.
The ‘Promotional period’
31 July 2024 to 31 August 2024