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.