We understand that seeing a change in your interest rate may be disappointing.
EasySave is moving from the previous 10% per annum rate to a new rate linked to the 91-day T-bill rate.
The new rate is calculated as:
Your new EasySave interest rate is 4.26%.
This rate is linked to the 91-day T-bill rate. In simple terms, Fido calculates your rate by taking the current 91-day T-bill rate and subtracting 1.5%. Because the EasySave rate is linked to the T-bill rate, it may change for the better over time as the T-bill rate changes.