How is the early release interest adjustment calculated?

Question

Accepted Answer

Yep! You can request that your flexiRate period ends before the nominated end date, enabling you to access your funds. You can only request the release of your entire flexiRate balance; that is, you can’t request early access to just a portion of your flexiRate balance.

As flexiRate interest is calculated for a fixed term, there will be an interest adjustment if the flexiRate is released early.

The early release option is provided on a best-endeavour basis, but may not be available in all circumstances.

Proportion of Your flexiRate Period Completed	Interest Adjustment
0% - 25%	80% of the interest earned up to the early release date
>25% - 50%	60% of the interest earned up to the early release date
>50% - 75%	40% of the interest earned up to the early release date
>75% - 100%	20% of the interest earned up to the early release date

How is the early release interest adjustment calculated?

How is the early release interest adjustment calculated?

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