The iNet Saver is an online account designed to help keep your savings separate from your everyday transaction account.
Tiered interest rates mean that the more money you contribute to the account, the higher rate of interest you can receive. And with no card access available on this account, there’s less temptation to spend your savings. Should an emergency pop up, you have the benefit of 24-hour access to your funds via Online Banking and Phone Banking. This account can be linked to another savings account so you can transfer money between accounts.
Interest is calculated daily on the portion of the balance in each tier at the applicable interest rate and paid monthly. You can use this interest to grow your overall account balance or contribute towards your payments.
|Borrowing Amount||Interest Rate|
|$500,000.00 plus||1.10% p.a.|