Our flexiRate offers an interest that is fixed and guaranteed as long as the nominated period is completed.
Yes, all current flexiRates will show on your account statement, along with the applicable start and end dates, balances and interest rates.
The interest rate that applies to your automatically renewed flexiRate will be the current rate available for your allocated term at renewal time.
No, you can’t add money to a flexiRate until it’s released on your nominated end date.
No, unfortunately you cannot withdraw money to an existing flexiRate, as the interest rate is based on the money staying in your account for a fixed period. Instead, you can request an Early Release through Internet Banking, allowing you to access the entire portion of your funds.
Yes, if your account is operating in offset mode, you can still setup flexiRates on your Everyday Options sub-accounts.
Yes, you’re able to request an Early Release of the money that you previously locked away in a flexiRate, and you won’t pay any fees to cancel your flexiRate.
Your interest will be adjusted if you choose to release your flexiRate early. This simply reduces the amount of interest you’ll receive and doesn’t impact the amount that you originally put in.
Yes, you will receive a secure message and email alert within Internet Banking two weeks prior to your flexiRate end date.