What are the minimum/maximum account limits for interest?
At Bano, we offer flexibility in terms of account balances for earning interest. While there is no minimum account balance required to start accruing interest, there is a maximum limit on which interest will be paid.
Bano will pay interest on balances up to $20,000 AUD.
For example, if you maintain an account balance of $40,000 AUD, interest will only be paid on the first $20,000 AUD of your balance.
There is no minimum balance requirement for earning interest with Bano.