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What are the tiered rates of Preferred Current Account?

Tiered rates mean that the interest rates vary according to the amount in each tier. Greater amount earns higher interest rates, until the amount reaches $1,000,000 when it returns to 0.50%.

Tier

Rate

≤ $10,000

0.00%

> $10,000 and ≤ $100,000

0.50%

> $100,000 and ≤ $300,000

1.25%

> $300,000 and ≤ $1,000,000

1.50%

> $1,000,000

0.50%

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