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$50 in every new Reward Saver Account*Laugh all the way to the bank.New members who deposit $50 into a Reward Saver or Reward Saver Kick Start1 account within 7 days of account opening and maintain a balance of $50 by the 21/04/2023 will get a Bonus $50.* Offer ends 21 April 2023. |
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Kick Start your savings with the IMB Reward Saver Kick Start Account1. With great rates and bonus interest for regular savings, it’s the ideal account to save for that something special. Whatever you’re saving for, get there faster with IMB Kick Start.
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| Account balance | Standard Variable Interest Rate | Standard Variable Bonus Rate+ | Kick Start Bonus Interest Rate up to+^ | Earn up to |
|---|---|---|---|---|
| $1,000,000.01 & above | 0.00% pa | 0.00% pa | 0.00% pa | 0.00% pa |
| $500,000.01 - $1,000,000.00 | 0.00% pa | 2.60% pa | 1.15% pa | 3.75% pa |
| $100,000.01 - $500,000 | 0.00% pa | 2.60% pa | 1.15% pa | 3.75% pa |
| $5,000 - $100,000 | 0.00% pa | 2.60% pa | 1.15% pa | 3.75% pa |
| $0 - $4,999.99 | 0.00% pa | 2.60% pa | 1.15% pa | 3.75% pa |
+ Rates current as at date of appearance and subject to change without notice. Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365. To earn bonus interest the account holder must make a minimum $20 deposit and no withdrawals per month. A different rate applies to the portion of the balance in each tier. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Fixed Bonus Interest Rate are forfeited. Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1st January 2023, for new or existing Members who have not held a Reward Saver account before.
^ The Kick Start Bonus Interest Rate is a variable interest rate payable for the duration the account is eligible: - Reward Saver Kick Start account for account holders aged under 18 years of age; or until 31/03/2022 for Reward Saver Kick Start accounts for Students, apprentices and trainees aged under 30. For Reward Saver Kick Start accounts opened prior to 1 September 2021, the Fixed Bonus Interest Rate continues to apply. Can be converted to the Kick Start Bonus Interest Rate on request. The Fixed Bonus Interest Rate is payable on balances from $0-$4999 at 1.00% p.a. Bonus interest criteria applies.
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Important Information:
*$50 promotion is valid for new IMB members who open a Reward Saver or a Reward Saver Kick Start Account between 03/02/2023 to 21/04/2023, and have not previously held an IMB membership, Reward Saver or Reward Saver Kick Start Account. Account eligibility requirements apply. Bonus $50 will be paid within 15 business days of promotion end date. To be eligible for the $50 bonus, new members must make a minimum deposit of $50 within 7 days of opening their account and hold a minimum account balance of $50 at the end of the promotional period (11:59pm on 21/04/2023). IMB reserves the right to change or withdraw these offers at any time.
1. The Reward Saver Kick Start account is available to individuals aged 13-17 and students, trainees and apprentices aged 18-30, studying or training with an organisation recognised by IMB in its absolute discretion. Once a Reward Saver Kick Start account no longer meets the eligibility criteria or fails to provide proof of eligible status, it converts to the standard terms and conditions applicable to the Reward Saver account. Please refer to the PDS for full details.
2. In order to receive bonus interest, a minimum deposit of $20 with no withdrawals must be made each calendar month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Introductory Fixed Bonus Interest Rate are forfeited. Introductory Fixed Bonus Interest Rate is payable for the first 4 interest payments for new accounts opened from 1st January 2023, for new or existing Members who have not held a Reward Saver account before.
3. Transaction fees and other charges apply.
Interest rates are subject to change without notice. A different rate applies to the portion of the balance in each tier. Interest on all deposits is calculated on the daily balance at a daily rate equivalent to the annual rate divided by 365.
This advice is general advice only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement available from IMB before making a decision about this product. Target Market Determination, available here.
