Yes, lenders are charged an interest margin fee of 10% of the gross interest received. This is charged at the time a payment relating to interest is allocated to a lender’s RateSetter account. You are also charged the amount of interest earned on your funds whilst they are in your holding account. Read our Product Disclosure Statement for further details

Importantly, all lending rates on the RateSetter site are shown after the effect of the interest margin fee. The rate you see is the rate you get, subject to a few important assumptions. Learn more about how we calculate and display rates