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2023-06-23 12:09 pm

High savings and responsible banking. You can have both.

Earn up to

5.25

p.a.

Open by 15 December

Bonus Saver Intro Special

Total introductory rate for the first 3 months*
‍
On balances up to $250,000
Limited time offer and subject to change‍
Terms and conditions apply

Open now

Together, we're funding the solutions

You don't have to choose between maximising your savings and banking ethically. Instead you can join us to enjoy one of the highest savings rates in the market^ and know that your money won't be used to fund harmful industries like fossil fuels.

Join now

*Bonus Saver total introductory interest rate explained

Introductory fixed rate

0.70

p.a.

Fixed bonus rate for the first three months when you open a new Bonus Saver account (on balances up to $250,000).

Base variable rate

0.10

p.a.

At a minimum, you'll get this rate (subject to change).

Bonus variable rate

4.45

p.a.

Earn bonus rate by:

Depositing $100+ each month.

Make no withdrawals each month.

The rate above is for balances up to $250,000.

Bonus rates vary depending on balance amount.

Total introductory interest rate

5.25

p.a.

Total rate (introductory fixed rate + base variable rate + bonus variable rate) you could earn on a new Bonus Saver account for the first three months (on balances up to $250,000), then continue earning with our competitive variable rates.

Offer available from 25/09/2023 for a limited time only and subject to change. Only available on new Bonus Saver accounts. After 3 months, the base variable interest rate and bonus variable interest rates apply to your Bonus Saver account if bonus interest conditions are met.

Open a Bonus Saver account

If you are not an existing Bank Australia customer and have never banked with us:

You'll need 2 forms of ID – choose from your Australian driver’s licence, Australian passport or Medicare card. You'll also need to be an Australian tax resident to apply.

Apply online - make sure your info matches what's on your ID and all your information is correct to the best of your knowledge.

Open now

Already bank with Bank Australia?

In the menu, click on Apply > Open account > Bonus Saver.

If you have previously banked with us before, but aren't a current customer, contact us on 132 888 to open a Bonus Saver account.

Rates, fees, terms and conditions

Total introductory interest rate

Earn up to

5.25

p.a.

Total introductory interest rate for the first 3 months* on balances up to $250,000 on new Bonus Saver accounts.

The Introductory rate of 0.70% is fixed, calculated daily on balances up to $250,000 and credited monthly.

‍Terms and conditions apply

Current rates if bonus interest conditions are met

Make a deposit of at least $100 and no withdrawals each month to get the below bonus variable interest rate.

Effective 25 September 2023

Balance

Interest (p.a.)

$0.01 – $250,000

4.55

$250,000.01 – $500,000

4.45

$500,000.01 – $1,000,000

4.35

$1,000,000.01+

4.25

Base variable rate if bonus interest conditions are not met

Balance

Interest (p.a.)

Any balance

0.10

Interest rate is variable, calculated daily on whole of balance and credited monthly.

Savings and term deposit rates

Eligibility criteria

People aged 13+
Aged under 13? Read about how to open an account in our in trust account eligibility criteria

People living in Australia as a permanent resident or with a relevant work visa

Single and joint account holders

Only one Bonus Saver account is allowed per customer, solely or jointly owned

Fees and charges

Monthly fee

Exceeding available funds

$10

Dishonour fee

$12

Staff Assisted fee

$2.50

For all fees and charges please refer to Fees, Charges and Transaction Limits

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.

^As benchmarked against major depositors as of 19 September 2023.

Terms, conditions, fees and charges are applicable as outlined below.

‍