Receiving bonus interest on Rapid Save each bank month
To receive bonus interest on your Rapid Save balance, you must meet the following conditions each bank month:
- Your balance (excluding any interest paid) on the last day of the bank month must be the same or greater than at the start of the bank month.
- You must not make more than one withdrawal during the bank month.
Remember, you can make one free withdrawal per bank month.
Understanding the bank month
A bank month is different from a calendar month.
A bank month runs from the last business day of the previous calendar month to the second to last business day of the current calendar month.
Bank months in 2019
|CALENDAR MONTH||BANK MONTH PERIOD|
|January||Mon 31 Dec 2018 - Wed 30 Jan 2019|
|February||Thu 31 Jan - Wed 27 Feb|
|March||Thu 28 Feb - Thu 28 Mar|
|April||Fri 29 Mar - Mon 29 Apr|
|May||Tue 30 Apr - Thu 30 May|
|June||Fri 31 May - Thu 27 Jun|
|July||Fri 28 Jun - Tue 30 Jul|
|August||Wed 31 Jul - Thu 29 Aug|
|September||Fri 30 Aug - Fri 27 Sep*|
|October||Mon 30 Sep - Wed 30 Oct|
|November||Thu 31 Oct - Thu 28 Nov|
|December||Fri 29 Nov - Mon 30 Dec|