Interest Rates Schedule - Challenger Bank Limited

Page 1

Interest Rates Schedule Effective: 8 August 2022

Deposit rates At call and savings accounts (variable) Access account $1+

MySavings account1 0.00% p.a.

$1+

1.10% p.a.

Personal Term Deposit accounts (fixed) Term Deposit – interest paid annually or at maturity2,4 31 days

3 months

6 months

9 months

1.10% p.a.

1.80% p.a.

2.55% p.a.

2.75% p.a.

12 months

24 months

36 months

48 months

60 months

3.25% p.a.

3.40% p.a.

3.55% p.a.

3.70% p.a.

3.75% p.a.

Term Deposit – interest paid monthly4 12 months

24 months

36 months

48 months

60 months

3.20% p.a.

3.35% p.a.

3.50% p.a.

3.65% p.a.

3.70% p.a.

Non-personal Term Deposit accounts (fixed) Term Deposit – interest paid annually or at maturity3,4 31 days

3 months

6 months

9 months

1.10% p.a.

1.80% p.a.

2.55% p.a.

2.75% p.a.

12 months

24 months

36 months

48 months

60 months

3.25% p.a.

3.40% p.a.

3.55% p.a.

3.70% p.a.

3.75% p.a.

Term Deposit – interest paid monthly4 12 months

24 months

36 months

48 months

60 months

3.20% p.a.

3.35% p.a.

3.50% p.a.

3.65% p.a.

3.70% p.a.

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.

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

1300 221 479 challenger.com.au/bank


Lending rates (variable) Home and investment lending (principal and interest) Lending product

Basic home loan (owner occupied)

Standard home Loan (owner occupied)

Investment loan

Interest only investment loan

Bridging loan

Deposit1

Rate2

Comparison rate3

>40%

3.79% p.a.

3.79% p.a.

>30%

3.84% p.a.

3.84% p.a.

>20%

3.89% p.a.

3.89% p.a.

<19.99%

4.09% p.a.

4.09% p.a.

>40%

4.09% p.a.

4.09% p.a.

>30%

4.14% p.a.

4.14% p.a.

>20%

4.19% p.a.

4.19% p.a.

<19.99%

4.39% p.a.

4.39% p.a.

>40%

4.39% p.a.

4.39% p.a.

>30%

4.44% p.a.

4.44% p.a.

>20%

4.49% p.a.

4.49% p.a.

<19.99%

4.89% p.a.

4.89% p.a.

>40%

4.69% p.a.

4.69% p.a.

>30%

4.74% p.a.

4.74% p.a.

>20%

4.79% p.a.

4.79% p.a.

<19.99%

5.39% p.a.

5.39% p.a.

Any amount

4.80% p.a.

5.00% p.a.

Car and personal lending (no longer for sale) Lending product Personal loan Car loan

Rate2

Comparison rate4

10.15% p.a.

10.15% p.a.

6.74% p.a.

6.74% p.a.

7.74% p.a.

7.74% p.a.

Reverse Mortgage lending (no longer for sale) Lending product

Rate2

Comparison rate3

Reverse mortgage

6.24% p.a.

6.32% p.a.

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 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. 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.

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

1300 221 479 challenger.com.au/bank

50640/0822

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.