Where is the bonus interest displayed on my account?

There are two ways you can check on the extra 1.4% p.a. bonus interest (0.50% p.a. for businesses) you're earning on your high interest savings account(s).

1. Login to your account and click on your savings account number.
Here you will be able to see the accured bonus interest you are currently earning. To do this, follow these steps:

• Login to your account
• Select 'Savings account' from the left hand menu
• Click on your savings account number
• Here you can see a list of transactions on your account, and on the top of this page you will notice your 'accrued interest' based on the standard variable rate, and the 'accrued bonus' interest (1.40%p.a. or 0.50% p.a. for businesses) you are earning. Here you can clearly see the benefits of adding new funds to your account.

2. Login to your account and view your savings account statement.
Once you login to your account, in the left hand menu click on 'Savings accounts' then 'Statements'. Here you can download a PDF of your latest savings account statement that will look similar to the example below.

How to read your statement

Page 1 of this example statement below, shows the account balance as at 21 June and lists all transactions that were completed during April, May and June 2010. It also lists the interest payment (based on the standard variable rate), and the bonus interest payment (based on the wake up rate of 1.40% or 0.50% for businesses).

Please note that our current offer consists of a special wake up rate which is fixed at 1.40% p.a. (0.50% for businesses) above our standard variable rate (currently 5.00% p.a or 4.75% p.a for businesses). The variable rate can change at any time, however the additional wake up rate of 1.40% p.a (0.50% p.a. for businesses) is fixed and applies on the value of new money deposited into your RaboDirect savings account between 21 May through to 31 December 2010.

The interest and bonus interest amounts are shown separately on the next two pages

Page 2 of your statement highlights the variable base interest rate that applies to your savings. In this example the variable rate is 5.00%. This rate is applied to your entire savings balance and equates to $0.42 as listed on page 1 of the statement.

Page 3 highlights the special wake up rate, which is a fixed rate of 1.40% p.a (or 0.50% p.a. for businesses) that is paid on top of the variable rate on the eligible portion of your balance.

This page shows the amount of your savings that is eligible to receive the bonus rate. From this example you can see that it is only the net increase in the account balance since the start of the ‘Promotion period’ that is eligible for the additional 1.40% p.a (0.50% p.a. for businesses). The bonus interest earned here is $0.01.

The value of existing account balances in your High Interest (or Master) savings account, PremiumSaver, and any Term Deposits (in the case of PremiumSaver and Term Deposits, the value of these balances are not eligible for the bonus rate if subsequently transferred to your savings account) held prior to the Promotion period are not eligible to earn the bonus rate. In this example, $50.07 does not attract the bonus rate. The 1.4%p.a. only applies to the $75 that has since been deposited into the account.