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When is interest paid from my Fixed Rate Bond?

If Monthly Interest is selected, it will be paid into your nominated account on the last business day of the month. On the last day within the term of the Fixed Rate Bond, the initial deposit plus any outstanding interest will be automatically reinvested into a new Fixed Rate Bond, unless you have chosen to opt out of this option upon the maturity of your current Bond. If you have chosen to opt out of the automatic reinvestment facility, then your initial deposit plus any outstanding interest will be paid into your nominated account.

If Annual Interest is selected, it will be paid into your nominated account on the last business day in April. On the last day within the term of the Fixed Rate Bond, the initial deposit plus any outstanding interest will be automatically reinvested into a new Fixed Rate Bond, unless you have chosen to opt out of this option upon the maturity of your current Bond. If you have chosen to opt out of the automatic reinvestment facility, then your initial deposit plus any outstanding interest will be paid into your nominated account.

Please see the relevant Fixed Rate Bond Information Sheet for further information.