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The interest rate on your Instant Access Savings will depend on your plan, while the interest rate on your joint Instant Access Savings will depend on the lower plan of the two people sharing the joint account.

Your per annum (p.a.) interest rate is used to calculate the interest earned before taxes. The Annual Equivalent Rate (AER) shows the amount of interest you'd earn in a year before taxes, taking into account daily compounding.

You'll only see the AER under your Instant Access Savings balance in-app. You can see both rates by tapping 'Info' and viewing the 'Deposit Information' document.

Interest is compounded and paid daily. This means you earn 1/365th (or 1/366th in leap years) of the per annum (p.a.) interest rate on your closing balance every day.

Any required tax on the accrued interest will be deducted before the interest is paid to you. The minimum threshold for interest payable is 0.01 in the corresponding savings currency. If net interest after taxes is below 0.01, it accrues until it reaches 0.01, then is paid.

We have the right to change the per annum (p.a.) interest rate as per our T&C's. If the rate is decreased, we'll let you know at least 15 days before the change by sending an email to your registered email address.

If the rate increases, we can make this change immediately, and will let you know as soon as possible.

If you don't agree to the new rate, you can terminate your Instant Access Savings account. To access information on notice periods, you can read the Instant Access Savings Terms.

If you change your plan, your interest rate will change accordingly when the plan change comes into effect.