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- Enjoy a complimentary domestic return flight with Virgin Australia to selected cities, each year after your first Card spend
- Earn 1.5 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
- Enjoy 2 complimentary Virgin Australia lounge passes each anniversary year at selected domestic airports
[body] => Earn up to 1 Membership Rewards point for every $1 spent
- Smartphone Screen Insurance of up to $500
- 0% p.a. on balance transfers for the first 12 months with a one-off 3% BT fee
- $0 annual fee
[body] => 0% p.a. for 16 months on balance transfers requested at card application. Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 0 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => 13.74 [field_annual_fee] => 55.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020260.200319578;dc_trk_aid=414022243;dc_trk_cid=98230982;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer [field_annual_fee_first_year] => [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 13.74 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 16 [field_provider] => St.George [field_show_the_reviews_link] => [nid] => 32810 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [3] => Array ( [title] => St.George Rainbow Vertigo Platinum [field_card_images] =>
[body] => 0% p.a. for 24 months on balance transfers requested at card application (1% balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 1 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => 12.74 [field_annual_fee] => 99.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020260.200319578;dc_trk_aid=413963577;dc_trk_cid=98136375;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Platinum [field_annual_fee_first_year] => [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 12.74 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 24 [field_provider] => St.George [field_show_the_reviews_link] => [nid] => 32813 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [4] => Array ( [title] => Bank SA Vertigo Platinum [field_card_images] =>
[body] => 0% p.a. for 24 months on balance transfers requested at card application (1% balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 1 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => [field_annual_fee] => 99.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020240.200319422;dc_trk_aid=400312436;dc_trk_cid=90212777;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Platinum [field_annual_fee_first_year] => [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => [field_bt_suffix] => [field_pr_override] =>12.74%
[field_bt_override] => [field_bt_interest_free_months] => 24 [field_provider] => Bank SA [field_show_the_reviews_link] => 1 [nid] => 7581 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [5] => Array ( [title] => Bank of Melbourne Vertigo Platinum [field_card_images] =>
[body] => 0% p.a. for 24 months on balance transfers requested at card application (1% balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 1 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => [field_annual_fee] => 99.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020281.200330949;dc_trk_aid=400313204;dc_trk_cid=90205359;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Platinum [field_annual_fee_first_year] => [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => [field_bt_suffix] => [field_pr_override] =>12.74%
[field_bt_override] => [field_bt_interest_free_months] => 24 [field_provider] => Bank of Melbourne [field_show_the_reviews_link] => 1 [nid] => 7582 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [6] => Array ( [title] => Bank SA Vertigo Classic [field_card_images] =>
[body] => 0% p.a. for 16 months on balance transfers requested at card application. Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 0 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => 13.74 [field_annual_fee] => 55.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020240.200319422;dc_trk_aid=400307172;dc_trk_cid=90212887;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Low Rate, Classic [field_annual_fee_first_year] => [field_purchase_rate_initial] => 13.74 [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 13.74 [field_bt_suffix] => [field_pr_override] =>13.74%
[field_bt_override] => [field_bt_interest_free_months] => 16 [field_provider] => Bank SA [field_show_the_reviews_link] => 1 [nid] => 7583 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [7] => Array ( [title] => Bank of Melbourne Vertigo Classic [field_card_images] =>
[body] => 0% p.a. for 16 months on balance transfers requested at card application. Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 0 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => 13.74 [field_annual_fee] => 55.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020281.200330949;dc_trk_aid=400306830;dc_trk_cid=90213355;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Low Rate, Classic [field_annual_fee_first_year] => [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 13.74 [field_bt_suffix] => [field_pr_override] =>13.74%
[field_bt_override] => [field_bt_interest_free_months] => 16 [field_provider] => Bank of Melbourne [field_show_the_reviews_link] => 1 [nid] => 7584 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [8] => Array ( [title] => St.George Vertigo Classic [field_card_images] =>
[body] => 0% p.a. for 16 months on balance transfers requested at card application. Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 0 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => 13.74 [field_annual_fee] => 55.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020260.200319578;dc_trk_aid=400299481;dc_trk_cid=90203721;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Low Rate, Classic [field_annual_fee_first_year] => [field_purchase_rate_initial] => 1.00 [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 13.74 [field_bt_suffix] => [field_pr_override] =>13.74%
[field_bt_override] => [field_bt_interest_free_months] => 16 [field_provider] => St.George [field_show_the_reviews_link] => 1 [nid] => 7585 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [9] => Array ( [title] => St.George Vertigo Platinum [field_card_images] =>
[body] => 0% p.a. for 24 months on balance transfers requested at card application (1% balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 1 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => [field_annual_fee] => 99.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020260.200319578;dc_trk_aid=400304712;dc_trk_cid=90203937;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Platinum [field_annual_fee_first_year] => [field_purchase_rate_initial] => 0.00 [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => [field_bt_suffix] => [field_pr_override] =>12.74%
[field_bt_override] => [field_bt_interest_free_months] => 24 [field_provider] => St.George [field_show_the_reviews_link] => 1 [nid] => 7589 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [10] => Array ( [title] => Westpac Low Rate Exclusive [field_card_images] =>
[body] => 0% p.a. for 26 months on balance transfers requested at card application (2% balance transfer fee applies). Rate then switches to applicable variable cash advance rate. $0 annual fee in the first year (saving $59). Offer ends on 2nd October 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 2 [field_balance_transfer_rate] => 19.49 [field_purchase_rate_reverts_to] => 13.49 [field_annual_fee] => 59.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20105607.201805970;dc_trk_aid=401685549;dc_trk_cid=91054524;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Low Rate, No Annual Fee [field_annual_fee_first_year] => 0.00 [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 13.49 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 26 [field_provider] => Westpac [field_show_the_reviews_link] => 1 [nid] => 9611 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [11] => Array ( [title] => St.George Vertigo Platinum Exclusive [field_card_images] =>
[body] => 0% p.a. for 25 months on balance transfers requested at card application (no balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Offer ends on 2nd October 2018. New cards only. Conditions apply.
- Complimentary overseas travel insurance for trips up to 6 months
- Up to 4 months cover against theft, loss or damage on selected purchases
- 12.74% p.a. low variable interest rate on purchases
- 19.49% p.a. variable cash advance rate
[body] => 0% p.a. for 20 months on balance transfers requested at card application (2% balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Offer ends on 23rd October 2018. New cards only. Conditions apply.
$0 annual card fee for all customers in the first year and in subsequent years when you spend $10,000 or more on purchase.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 0 [field_fee] => 2 [field_balance_transfer_rate] => 19.84 [field_purchase_rate_reverts_to] => 19.84 [field_annual_fee] => [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20105607.201805970;dc_trk_aid=401653460;dc_trk_cid=91055942;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Platinum, No Annual Fee [field_annual_fee_first_year] => 0.00 [field_purchase_rate_initial] => 0.00 [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 19.84 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 20 [field_provider] => Westpac [field_show_the_reviews_link] => 1 [nid] => 7587 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [13] => Array ( [title] => BankSA Amplify Card [field_card_images] =>
[body] => Receive 3% p.a. for 36 months on balance transfers requested at card application (No balance transfer fee applies). Rate then switches to applicable variable cash advance rate. Plus, enjoy $0 annual card fee for the first year (saving you $79). Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 3 [field_fee] => [field_balance_transfer_rate] => 20.24 [field_purchase_rate_reverts_to] => 19.49 [field_annual_fee] => 79.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020240.200319422;dc_trk_aid=400302367;dc_trk_cid=90203787;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Rewards [field_annual_fee_first_year] => 0.00 [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 19.49 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 36 [field_provider] => BankSA [field_show_the_reviews_link] => 0 [nid] => 41268 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [14] => Array ( [title] => Bank of Melbourne Amplify [field_card_images] =>
[body] => Receive 3% p.a. for 36 months on balance transfers requested at card application with no balance transfer fee. Rate then switches to applicable variable cash advance rate. Plus, enjoy $0 annual card fee for the first year (saving you $79). Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 3 [field_fee] => [field_balance_transfer_rate] => 20.24 [field_purchase_rate_reverts_to] => 19.49 [field_annual_fee] => 79.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020281.200330949;dc_trk_aid=400307445;dc_trk_cid=90213893;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Rewards, Platinum, No Annual Fee [field_annual_fee_first_year] => 0.00 [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 19.49 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 36 [field_provider] => Bank of Melbourne [field_show_the_reviews_link] => 0 [nid] => 41269 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [15] => Array ( [title] => St.George Amplify [field_card_images] =>
[body] => Receive 3% p.a. for 36 months on balance transfers requested at card application with no balance transfer fee. Rate then switches to applicable variable cash advance rate. Plus, enjoy $0 annual card fee for the first year (saving you $79). Offer ends on 26th September 2018. New cards only. Conditions apply.
[field_interest_free_days] => 55 [field_balance_transfer_months] => 3 [field_fee] => [field_balance_transfer_rate] => 20.24 [field_purchase_rate_reverts_to] => 19.49 [field_annual_fee] => 79.00 [field_click_through_url] => https://ad.doubleclick.net/ddm/trackclk/N484204.2797604SAVVYAU/B20020260.200319578;dc_trk_aid=400301812;dc_trk_cid=90213625;dc_lat=;dc_rdid=;tag_for_child_directed_treatment= [field_card_type] => Balance Transfer, Rewards, Frequent Flyer, Platinum, No Annual Fee [field_annual_fee_first_year] => 0.00 [field_purchase_rate_initial] => [field_purchase_rate_init_months] => [field_purchase_rate_reverts_to_1] => 19.49 [field_bt_suffix] => [field_pr_override] => [field_bt_override] => [field_bt_interest_free_months] => 36 [field_provider] => St.George [field_show_the_reviews_link] => 0 [nid] => 41270 [field_order] => 0 [field_bt_rate_promo] => [field_show_before_you_continue_] => ) [16] => Array ( [title] => The American Express Velocity Escape [field_card_images] =>
[body] => Earn up to 2 Velocity Points per $1 spent, enjoy upto 55 days interest-free on purchases and pay no annual fee for life.
- $0 annual Card fee
- Earn 1 Velocity Point per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent.
- Earn additional Velocity Point per $1 spent with Virgin Australia
- 0% p.a. on balance transfers for the first 12 months - A one-off credit plan establishment fee of 1% applies. Eligible for use with Google Pay, Apple Pay and Samsung Pay
- Enjoy world-class service and protection eg Refund Protection, Purchase Protection and Online Fraud Protection
[body] => Start your holiday with a $200 travel credit each year.
- Earn 3 Membership Rewards points per dollar spent at major supermarkets
- Free domestic and international travel insurance
- Transfer points to 9 Airline Partner Programs
- 0% p.a. on balance transfers for the first 12 months with a one-off 1% BT fee
[body] => Receive 0% p.a. balance transfer offer, $0 annual fee and Qantas Points with the Qantas American Express Discovery Card
- $0 annual Card fee
- Earn 1 Qantas Point for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
- Earn 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia
- 0% p.a. on balance transfers for the first 12 months - A one-off credit plan establishment fee of 1% applies.
- Eligible for use with Google Pay, Apple Pay and Samsung Pay
- Enjoy world-class service and protection eg Refund Protection, Purchase Protection and Online Fraud Protection
[body] => Receive 30,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months.
- Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent
- Two Complimentary Qantas Lounge Passes
- 0% p.a. on balance transfers for the first 12 months (A one-off credit plan establishment fee of 1% applies to any balances transferred.)
[body] => 0% p.a. for 18 months balance transfer and receive a $129 Virgin Australia gift voucher each year.
- Earn 3 Velocity Points on top of the standard earn rate for the first 3 months
- $129 Virgin Australia gift voucher, each year
- Get half the annual fee in the first year - that's a saving of $65
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No credit card results
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[body] => Reduce debt smarter with a balance transfer credit card
Looking for a better deal on your credit card balance? Enjoy the benefits of zero percent interest or fees on balance transfers
Why should I get a balance transfer card?
The credit card market is a competitive market. If your current credit card doesn’t provide ample benefits for the cost, you may want to transfer your balance to a new credit card. Your new bank or credit card provider takes on the outstanding balance, which you then pay off through their services. This may incur a fee, typically between 1% and 3%.
When you compare credit cards, you may find many of these credit cards offer lower fees or no fees at all. Many cards may give you 0% interest on balances transferred for a limited time. However to take advantage of these transfers, it’s best you pay your remaining debt before you incur interest. Transferring your balance to a new card with lower overall interest could save you hundreds, if not thousands of dollars.
What types of balance transfer cards can I choose?
Balance transfer cards are specifically tailored for people who require a new card without opening up a new account. You can compare from a few variants of balance transfer cards that may suit your needs and lifestyle.
Low interest rate balance transfer cards give you the extra bonus of low rates on new purchases.
Long-term balance transfer cards may offer low or 0% interest on your transferred balance for periods exceeding 12, or even 24 months.
Some balance transfer cards do not charge an annual fee, so you can save money.
Premium or rewards balance transfer cards not only let you transfer a balance, but offer a rewards or frequent flyer program that lets you earn bonuses.
How much money can I save with a balance transfer?
Every balance transfer is different, coming in all sorts of combinations of balances, interest rates and fees. Let’s crunch some numbers. If you owe 2,000 on your original credit card at 20% interest, transferring your balance to a new card that offers 0% p.a. on your balance for 12 months and no balance transfer fee might save you $252.93 over that year, provided you do not add to your balance with purchases and only make the minimum required payments. Before you compare, you should do your own calculations to determine how much you can save with a balance transfer. Paying off your credit card balance with higher repayments can help you reduce your debt even faster.
Do you have questions about balance transfer credit cards?
Balance transfers aren’t as straightforward as moving one account to another bank. We answer all the questions here
How do I start a balance transfer?
Do I need to tell my bank I’m doing a balance transfer?
Can I transfer my entire balance?
What happens after the 0% interest period?
Can I get premium or gold balance transfer cards?
Can I get interest free on purchases?
Can I transfer a personal loan?
Why can’t I transfer from X bank to Y bank?
Can I attempt a balance transfer after I’ve applied for a card?
Helpful guides to making the most of your balance transfer
HG Subheading Want to save on interest? Want to know more about balance transfers? Read our expert guides to make the most
How to eliminate debt with a balance transfer?
Banks know that acquiring new customers can be a costly experience. It may cost a bank thousands of dollars to sign up a new customer. That’s why they attract new customers with balance transfers. Balance transfers give you a “second chance” to eliminate your credit card debt at a lower rate; even zero percentage in some cases. This may take a few months, but the savings in interest are worth it. Better yet, do not use the new credit card for purchases – this will make it even easier to pay off the debt.
Why a balance transfer might be refused?
Some people are refused a balance transfer by the new bank and don’t know why. The most common reason is a poor credit history. This is caused by defaults or failure to pay a minimum amount each month. If you apply for new balance transfers too quickly, this also reflects poorly on your credit history and lowers your credit score . Taking time to repay a debt is better than trying to find new balance transfer cards. Other reasons are transferring from a bank that is owned by the same bank or transferring a card in a different name.
Common balance transfer mistakes
Many people make easily avoidable mistakes with balance transfers. Here are a few that trip people up. Many people forget they have to pay a minimum amount each month with a balance transfer. You still have to make repayments! Another mistake is forgetting about the reversion rate that kicks in after the interest free period. One of the worst mistakes is not paying more than the minimum repayment, which only increases your debt in the long term. You should also remember that some cards may have fees which you may have overlooked.
Getting rewards with your balance transfer
Many balance transfer cards offer rewards such as complimentary insurance, concierge services, preferred dining perks, rewards points redeemable for goods or cash, and frequent flyer programs. Some balance transfers may actually translate your balance into points for a rewards program; it’s up to you to make a smart comparison and check with the bank or card issuer. Many cards give you a rewards program on purchases only. If you opt for a low fee or low rate card, it may not have any rewards program. The only “reward” is paying less interest than normal.