Interest Rates

At Fido, we want to help your savings grow while keeping things simple. Your EasySave interest rate is now linked to the 91-day Treasury Bill (T-bill) rate. Your new interest rate is 4.26%. How is my EasySave interest rate calculated? The new rate is calculated as: 91-day T-bill rate − 1.5% ...

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-...

Yes. Since the rate is now variable and linked to the 91-day T-bill rate, it may change when the T-bill rate changes. Fido will always keep you informed of the applicable rate changes. What does a variable interest rate mean? A variable interest rate means that the rate is not fixed at one pe...

No. Interest you have already earned before the new rate takes effect is not affected. The new EasySave interest rate of 4.26% applies from the effective date of the rate change. Any interest earned before that date remains based on the rate applicable at the time. Your savings balance remains...

Your existing EasySave balance remains in your account. You do not need to withdraw or move your money because of the interest rate change. Keep saving with EasySave and let your money continue to work for you. From the effective date of the new rate, your savings will earn interest at the new ...

No. You don’t need to take any action because of the EasySave interest rate change. Your money will remain safely in your EasySave account, and the new interest rate of 4.26% will apply from the effective date of the change. You can continue using EasySave as usual and enjoy the convenience of ...

The EasySave interest rate is now linked to the 91-day T-bill rate, which means it is a variable rate. Reviews happen every three months to make sure we are keeping pace with the economy. The next scheduled review will take place at the start of the next quarter. We’ll communicate any applicabl...

Because the rate is linked to the 91-day T-bill rate, it is variable and may change when the underlying T-bill rate changes. We only review and adjust the rate once every quarter. This structured schedule gives you predictability, and we will always keep you informed of any changes at the time o...