Rates are subject to change
| Term | Band 1* under $50,000 | Band 2* $50,000 to $99,999 | Band 3* $100,000 and up |
|---|---|---|---|
| 30 days |
1.150% | 1.275% | 1.400% |
| 90 days |
1.150% | 1.275% | 1.400% |
| 180 days |
1.150% | 1.275% | 1.400% |
| 1 year |
2.400% | 2.525% | 2.650% |
| 1.5 year |
2.600% | 2.725% | 2.850% |
| 2 year |
2.800% | 2.925% | 3.050% |
| 2.5 year |
2.950% | 3.075% | 3.200% |
| 3 year |
3.050% | 3.175% | 3.300% |
| 3.5 year |
3.150% | 3.275% | 3.400% |
| 4 year |
3.250% | 3.375% | 3.500% |
| 4.5 year |
3.300% | 3.425% | 3.550% |
| 5 year |
3.650% | 3.775% | 3.900% |
| 5.5 year |
|
|
|
| 6 year |
3.350% | 3.475% | 3.600% |
| 6.5 year |
|
|
|
| 7 year |
3.400% | 3.525% | 3.650% |
| 7.5 year |
|
|
|
| 8 year |
3.450% | 3.575% | 3.700% |
| 8.5 year |
|
|
|
| 9 year |
3.500% | 3.625% | 3.750% |
| 9.5 year |
|
|
|
| 10 year |
3.550% | 3.675% | 3.800% |
| Term | 3 Year Ladder Band 1* under $50,000 |
3 Year Ladder Band 2* $50,000 to $99,999 |
3 Year Ladder Band 3* $100,000 and up |
|---|---|---|---|
| 1 year |
2.400% | 2.525% | 2.650% |
| 2 year |
2.800% | 2.925% | 3.050% |
| 3 year |
3.050% | 3.175% | 3.300% |
| Term | 5 Year Ladder Band 1* under $50,000 |
5 Year Ladder Band 2* $50,000 to $99,999 |
5 Year Ladder Band 3* $100,000 and up |
|---|---|---|---|
| 1 year |
2.400% | 2.525% | 2.650% |
| 2 year |
2.800% | 2.925% | 3.050% |
| 3 year |
3.050% | 3.175% | 3.300% |
| 4 year |
3.250% | 3.375% | 3.500% |
| 5 year |
3.650% | 3.775% | 3.900% |
Guaranteed Interest Contract: Terms above plus half year terms from 1.5 to 9.5 years
Note: Customers who choose a simple interest payout option other than annual will have the interest rate on their GIC reduced by a pre-determined percentage. The reduction from the applicable posted rate will be:
|
Payout Frequency |
Interest Rate Reduction |
|
Annual |
0% |
|
Semi Annual |
0.10% |
|
Quarterly |
0.15% |
|
Monthly |
0.25% |
Elite and Elite XL: Terms available are 1-5 plus half terms, 6 and 10 years.
Note: For full interest income payments or amounts greater, and payments other than annual, please deduct 0.25% from the above rates. The minimum deposit to a term investment is $500. Interest rates quoted are effective annual yields.
Group Option Plus Rates: For current rates, please add 0.125% to the individual rates shown above. (Please note that this rate differential is subject to change at the discretion of Empire Life.)