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Important Reminder: Making payments in the new app

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Thank you to all our members for embracing the new app! We appreciate that changes with technology can be challenging.

Did you know?

Making a payment looks a little different in the new app. When making a payment to a BSB/account number, be sure to check the ‘To’ payee section, where you can choose the pay type as Standard or Osko (if the receiving institution accepts both).

Read more: Important Reminder: Making payments in the new app

 

Savings Interest Rate Changes

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We are increasing the interest rates for the following savings products, effective 1 July 2022.

  • Bonus Saver (S7) for balances $1 - $100,000 interest rate increased by 0.20% to 0.75% (inclusive of the base plus bonus rate)1.
  • Power-Up eSaver (S6, S51 & S71) for balances $1 and over interest rate increased by 0.14% to 0.40%3.
  • Christmas Savings Account (S4)2 for balances $1 and over interest rate increased by 0.25% to 0.60%4.
  • Pensioner Security Account (S8 & S72) for balances $1 - $45,400 interest rate increased by 0.50% to 0.76%4.
  • Pensioner Security Account (S8 & S72) for balances over $45,400.01 interest rate increased by 0.50% to 0.95%4.

Read more: Savings Interest Rate Changes

 

The NEW Reliance Bank app has arrived!

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We're very excited to announce that our brand-new Reliance Bank app is now published and available for you to update.

Read more: The NEW Reliance Bank app has arrived!

   

Changes to our Account & Access Facility Conditions of Use document

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There are changes being made to the Account & Access Facility Conditions of Use document.

Read more: Changes to our Account & Access Facility Conditions of Use document

 

Change to Interest Rates

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Published on 16 May 2022

The Reserve Bank of Australia (RBA) announced an increase in the cash rate of 0.25% on the 3rd of May. After considering the needs of both our borrowing and investing members, we are making changes to some of our loan rates. Please note that the increase will apply to all variable rate credit facilities including home loans, personal loans, credit cards and overdrafts.

Read more: Change to Interest Rates

   

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