Alert notice

24/11/2023: Scam alert - Scammers are impersonating Bank Australia staff. Learn more.

Close navigation
2023-06-23 12:09 pm

High savings and responsible banking. You can have both.

Earn up to

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



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



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

Bonus variable rate



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



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

Rates, fees, terms and conditions

Total introductory interest rate

Earn up to


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.

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
Interest (p.a.)
$0.01 – $250,000
$250,000.01 – $500,000
$500,000.01 – $1,000,000

Base variable rate if bonus interest conditions are not met

Interest (p.a.)
Any balance

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

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
Dishonour fee
Staff Assisted fee

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.

Product disclosure documents

Together, we’re investing in the solutions.
Not the problems.

Some things we do invest in

What we don't invest in

Fossil fuels
Live animal export
Arms industry
Read more about what Bank Australia invests in
Right arrow

Check if your financial institutions currently invest in fossil fuels

Multi award winning banking

We're Finder's Green Bank of the year 2023, plus Mozo's People Choice Highly Trusted and Most Recommended 2023