86 400: Reduction in The Max Balance Eligible for Bonus Interest

From an email from 86 400:

Effective Sunday 1 November 2020, the maximum balance on which bonus interest is paid will change from $100,000 per Save account to $50,000 per account, to a maximum of $150,000 per customer.

There's no change to your interest rate, which remains a competitive 1.60% p.a. (base rate of 0.15% p.a. and bonus rate of 1.45% p.a.). There's also no change to the way you earn bonus interest. 

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Comments

  • same as the big bank like ing ?

    • Not sure what you mean. Don't recall getting any such email from ING.

      Anyway, this is more of a PSA in case someone missed this email from 86 400.

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