G&C Interest Rate Changes – January 2023

G&C Mutual Bank has raised interest rates for depositors on our Term Deposits and a number of Savings Accounts.

Effective from 16 January 2023 we implemented increases across a number of our term deposit products of up to 0.30% and increases on various savings accounts of up to 0.85%. Bonus saver accounts also increased by up to 0.50% and will be effective from 1 February 2023.

Changes to the RBA cash rate is one of the factors that informs our pricing decisions, however, there are other factors that we consider such as economic and market conditions, cost to lend and the competitor landscape. This helps us to assess and to continue to offer competitive rates to our members.

If you would like further information on any of our products or services, please review the information online or contact us on 1300 364 400 to see how we can help.