Revision of prevailing interest rates for USD$aver

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Revision of prevailing interest rates for USD$aver

Please be informed that with effect from 18th December 2019 (“Effective Date”), the prevailing interest rates for the USD$aver account will be revised.

For your ease of reference, the current prevailing interest rates are as follows:

Prevailing Interest Rate (p.a.)
First US$50,000	0.05%
Next US$150,000	2.00%
Next US$300,000	2.50%
Any incremental balance above US$500,000	3.00%

The revised interest rates with effect from the Effective Date (inclusive) are as follows:

New Interest Rate (p.a.) Effective 18th December 2019 (Inclusive)
First US$50,000	0.05%
Next US$150,000	1.00%
Next US$300,000	2.00%
Any incremental balance above US$500,000	2.50%

We will also be amending Clause 42.1 of our USD$aver Account Product Terms (“Terms”) to reflect the above changes.

The changes to the Terms will take effect from the Effective Date (inclusive). The Terms may be found here.

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Revision of prevailing interest rates for USD$aver