Interest Rates Schedule

Effective: 15 Februray 2023

Deposit rates

At call and savings accounts (variable)

Personal Term Deposit accounts (fixed)

Non-personal Term Deposit accounts (fixed)

1 Interest is calculated daily and paid on the last calendar day of the month.

2 Rates available to personal customers of Challenger Bank Limited. For terms of 12 months or more, interest will be paid annually. Rates may change at any time.

No set up fees. Minimum deposit amount of $5,000. For amounts of $1,000,000 + please call 1300 221 479 for a rate.

3 Rates available to non-personal, business, and institutional customers of Challenger Bank Limited. For terms of 12 months or more, interest will be paid annually.

Rates may change at any time. No set up fees. Minimum deposit amount of $5,000. For amounts of $1,000,000 + please call 1300 221 479 for a rate.

4 Interest is calculated daily.

Bank Limited, PO Box 297, Flinders Lane, Melbourne VIC 8009. ABN 54 087 651 750, AFSL/Australian Credit Licence 245606.

Lending rates (variable)

Home and investment lending (principal and interest)

1 Where your deposit is less than 20%, Lenders Mortgage Insurance (LMI) will apply with the cost covered by the borrower. Loan approval by Challenger is subject to LMI being approved by our insurer.

2 All interest rates are variable and subject to change. All repayments are principal and interest, except for the Interest only investment loan. Home and investment loan rates are available for new home purchases and refinancing of existing loans. Minimum borrowing amount $200,000. The standard variable rate as at 15/02/2023 is 7.05% p.a.

3 For home and investment lending and reverse mortgage lending the comparison rate is calculated on $150,000 loan over 25 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

4 For car and personal lending the comparison rate is calculated on $30,000 loan over 5 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Issued by Challenger Bank Limited (ABN 54 087 651 750, AFSL/Australian Credit Licence 245606) which is an authorised deposit taking institution regulated by the Australian Prudential Regulation Authority. The information contained herein is general information only. It has been prepared without taking into account your personal investment objectives, financial situation, or needs, it is not intended to be, and should not be, construed in any way as investment, legal or financial advice. Please consider your personal position, objectives, and requirements before taking any action.

Challenger Bank Limited, PO Box 297, Flinders Lane, Melbourne VIC 8009. ABN 54 087 651 750, AFSL/Australian Credit Licence 245606.