Great News! Savings Maximiser's standard variable rate is increased from 6.90% p.a. to 7.00% p.a. effective 23 June 2008. Plus the promotional interest rate from 7.90% p.a. to 8.00% p.a. effective 23 June 2008, which you can earn on any eligible deposits you make up until 30 September 2008. This is better than term deposits offered by major banks.