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Savings account rates and fees

Rates vary depending on the account you hold and its balance. Includes personal and business customers.

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What's on this page

What's on this page

Online Saver

Effective 18 December 2023
Balance
Interest (p.a.)
$0 - $4,999.99
0.01
%
$5,000 - $149,999.99
3.95
%
$150,000+
3.95
%
Funds available at call and accessed via internet banking and app. Interest rate is variable, calculated daily on whole of balance and credited monthly.

Fees and charges

We’ll waive the staff-assisted withdrawal fees if you:

Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Dishonour fee
$12
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)

Bonus Saver

Effective 18 December 2023

Make a deposit of at least $100 and no withdrawals each month to get an interest rate of:

$0 - $250,000
4.75
%
$250,000.01 – $500,000
4.65
%
$500,000.01 – $1,000,000
4.55
%
$1,000,000.01+
4.45
%
If bonus interest conditions aren't met
0.10
%
Interest rate is variable, calculated daily on whole of balance and credited monthly

Fees and charges

We’ll waive the staff-assisted withdrawal fees if you:

Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Dishonour fee
$12
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)

mySaver

Effective 18 December 2023

Make a deposit of at least $10 and no withdrawals each month to get an interest rate of:

Balance
Interest (p.a.)
$0 – $50,000
4.95
%
$50,000.01 – $250,000
4.75
%
$250,000.01 – $500,000
4.65
%
$500,000.01 – $1,000,000
4.55
%
$1,000,000.01+
4.45
%
If bonus interest conditions aren't met
0.10
%
Interest rate is variable, calculated daily on whole of balance and credited monthly. The mySaver is only available to customers under 25 years of age. If you are not eligible for this account it will be closed.

Fees and charges

We’ll waive the staff-assisted withdrawal fees if you:

Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Dishonour fee
$12
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)

Commercial Saver

Effective 18 December 2023
Balance
Interest (p.a.)
$0 – $9,999.99
0.00
%
$10,000+
1.45
%
Interest rate is variable and is calculated daily on whole of balance and credited monthly.

Fees and charges

We’ll waive the staff-assisted withdrawal fees if you:

Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Dishonour fee
$12
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)

Christmas Saver

Effective 18 December 2023
Balance
Interest (p.a.)
Any balance
2.00
%
Interest rate is variable and is calculated daily on whole of balance and credited monthly.

Fees and charges

We’ll waive the staff-assisted withdrawal fees if you:

Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Dishonour fee
$12
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)

Important information

General advice

Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents below and Target Market Determination before making a decision to apply for products with Bank Australia.

Terms, conditions, fees and charges may be applicable as outlined below.

Product disclosure documents

Account Access facility conditions of use

Fees, Charges and Transaction Limits

Summary of accounts

Savings and term deposit rates

Savings accounts Target Market Determination