How Do I Earn Interest on My Account Balance?

Interest Rate

Bano offers 2% interest rate.
Effective interest rate: 2.018%.

Eligibility

1. You must be an active user based in Australia.
2. Maintain a positive balance in your Bano AUD account.
3. Provide your Tax File Number (TFN) to Bano.

Rules

• 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