The return on the funds in your Earn wallet is calculated daily and paid monthly into your Earn wallet using a rate of 3.60% p.a. (variable)*. Your return will be credited to your Earn wallet within the first 3 business days of the month, for the returns earned in the previous month.

Your daily Earn return is calculated using your close of business (COB) balance as of 11:59 PM from the previous day.

Your Earn return only takes into consideration money that is settled in your Earn wallet. Any money that has been instructed to be moved to or from your Earn wallet from or to your AUD wallet (i.e. payment status pending) will not be included in your Earn wallet balance for the purpose of the Earn return calculation.

* The rate of return you receive is based on the interest earned on funds held in Parpera Earn, less our administration fees. As of 08 November 2023, we estimate that the rate of return will be 3.60% p.a. (accrued daily, paid monthly) after administration fees (0.55% GST inclusive). The rate of return is variable and subject to change, typically due to movements in the Reserve Bank of Australia's official cash rate. Your contributions to Parpera Earn are not guaranteed and are not protected by the Financial Claims Scheme under the Banking Act 1959 (Cth). Parpera Earn is administered by us in accordance with the Parpera Earn Terms and Conditions.