Keep SBDEC24: interest until it matures in Dec 2034

$2,290.00

Switch to SBDEC26: interest over the same 8 years

$1,853.00

Fees to switch: $2 to redeem, $2 to apply

−$4.00

Over those 8 years

Switching earns $441.00 less after fees: about 2.32% a year against 2.86% a year.

From 1 Dec 2026, when SBDEC26 is issued. Money from redeeming SBDEC24 this month comes back by the second business day of that month, with the interest earned to then. SBDEC26 then keeps paying for another 24 months after SBDEC24 would have matured, at 2.71% to 2.83% a year. Rates are MAS’s; this is the interest only, before any change in rates you might get later.