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Interest Rates

Meet your savings goals quicker with our range of high interest rate accounts.


Savings account interest rates

AccountRatesAboutMore information
Internet Saver2.85% p.a. on balances over $2,000An online savings account with bonus interest.Learn more
First Penny Saver3.25% p.a. on balances under $2,000A savings account for members aged under 18.Learn more
Christmas Club Saver2.00% p.a. on balances under $10,000A special savings account designed to help you save for Christmas.Learn more
Pensioner Account2.85% p.a. on balances from $50,000 up to $100,000A day-to-day transaction account designed for pensioners.Learn more

Term deposit interest rates

1 – 2 months 1.50% p.a.
3 – 5 months3.75% p.a.
6 – 18 months 4.00% p.a.
9 - 11 months3.75% p.a.
12 months*4.75% p.a.
24 months*
4.20% p.a.
36 months*
4.00% p.a.

*Option to have interest paid monthly, at the above rate less 0.25%.
Interest rates for accounts >$1m can be provided upon request.

Learn more.

Open a high interest account today

To find out more or to open a high interest savings account or term deposit, book an appointment with our friendly team or visit us in branch.

Interest rate FAQs

Who is Cairns Bank?

Cairns Bank is the trading name of Cairns Penny Savings & Loans Ltd. We’ve been supporting the Cairns community with their banking needs for over 125 years.

We take pride in our personal approach to banking. Getting to know our customers and delivering simple products and services is what we’re all about.

And as a customer owned bank we make decisions based on our customers’ needs, rather than the needs of shareholders.

Yes. Money placed in a savings or term deposit account with Cairns Bank is protected by the Australian Government’s Financial Claims Scheme (FCS).

The scheme protects deposits up to $250,000 per person, per financial institution. 

When you come into the branch to finalise your savings or term deposit account we’ll set up your online banking and help you get started.

A savings account comes with a variable interest rate. Money in a savings account is not locked up, giving you day to day access to your money.

A term deposit locks up your money for the length of time that you choose. If you need to access money during this time you will be charged a break fee. 

Generally, savings accounts will pay lower interest than a term deposit.