Instant Access Savings interest rates
What is the interest rate?
The per annum (p.a.) interest rate on your Instant Access Savings will depend on your plan. This rate is used to calculate interest earned before taxes.
The p.a. interest rate will show under your Instant Access Savings balance in-app. You can get more information by tapping 'Info' and viewing the 'Information sheet' document.
How is interest calculated and paid?
Interest is compounded and paid daily. This means you earn 1/365th (or 1/366th in leap years) of the gross annual 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.
For more information, read this FAQ in our Help Centre.
Can the interest rate change?
We can adjust the interest rates on your Instant Access Savings. For a decrease, you'll be notified at least two months in advance, and you can choose to terminate your account before the change happens.
Increases may happen immediately, and we may notify you before or after.
For information on notice periods, read our Instant Access Savings Terms.
Changing plan
If you change your plan, your interest rate will change accordingly when the plan change comes into effect.