How Do I Earn Interest on My Account Balance?
Bano offers 2% interest rate.
Effective interest rate: 2.018%.
- You must be an active user based in Australia.
- Maintain a positive balance in your Bano AUD account.
- Provide your Tax File Number (TFN) to Bano.
- Interest paid on all positive balances in a Bano AUD account
- Interest calculated daily on the minimum balance in the account for that day
- Interest paid monthly
- Interest can be earned on balances up to $20,000
- Bano reserves the right to change the interest rate or cancel the service at any time. Customers will be informed if any changes are made.
- Bano has the right to change the interest rate or stop this promotion at any time
- This promotion is only available for full time Australian residents