The current interest rate paid by Seccl’s nominated banking partner is 3.50% AER (Annual Equivalent Rate – in other words, the rate after taking into account the effect of compounding interest payments). Interest is accrued daily and paid gross each month.
Further details of historic rates are available on request.
| AER | Time period |
|---|---|
| 0.80% | 10/12/2022 - 08/01/2023 |
| 1.00% | 09/01/2023 - 05/03/2023 |
| 1.20% | 06/03/2023 - 16/04/2023 |
| 1.40% | 17/04/2023 - 11/06/2023 |
| 1.50% | 12/06/2023 - 19/06/2023 |
| 2.90% | 20/06/2023 - 03/07/2023 |
| 3.20% | 04/07/2023 - 14/08/2023 |
| 3.35% | 15/08/2023 - 18/06/2024 |
| 4.50% | 19/06/2024 - 01/08/2024 |
| 4.25% | 02/08/2024 - 07/11/2024 |
| 4.00% | 08/11/2024 - 05/02/2025 |
| 3.75% | 06/02/2025 - 08/05/2025 |
| 3.50% | 09/05/2025 - present |