Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

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2022-06-21 5:06 pm
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What is Round UP?

Round UP lets you grow your savings through your daily Visa Debit card purchases.
Any eligible purchase you make using your Visa debit card is rounded up to the nearest $1, $5 or $10 with the extra amount credited to your nominated savings or eligible credit card.
Switch it on in the app

How it works

You can choose any eligible purchase with your Bank Australia Visa Debit card to be rounded up to the nearest $1, $5 or $10 amount in a separate debit transaction.

The extra amount is then transferred to your nominated savings account. Same goes for your Bank Australia credit card, but instead of an increase in savings, you see a decrease on your credit card bill.

How it works

How to start rounding up

If you haven't already, open a Bank Australia transaction account.

Next, you need a second account to connect your round UP to. This can be a savings or an eligible Bank Australia Credit card.
Log into the Bank Australia app and select 'Round UP' from the side menu.

Follow the onscreen instructions and select your transaction account plus the account you would like to round up to.

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Important Information

Information and interest rates are current as at the date of publication and are subject to change.

Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Please read and consider the Product Disclosure Statement available at Account and access facility conditions of use can be found here.

*Round UP is an optional feature that rounds up eligible Visa debit card transactions to the nearest $1, $5, or $10, and debits the difference to a nominated eligible account. Round UP will only occur when there are sufficient funds in the account to make the Round UP transaction. Eligible accounts include Everyday Access, Pension Access, Basic Access and Mortgage Offset. Your Round UP can be transferred into either Bonus Saver, Online Saver, mySaver, Mortgage Offset or an eligible Bank Australia Credit Card (Low Rate Visa Credit Card, Visa Credit Card and Platinum Rewards Visa Credit Card).

To use the Round UP feature you must download our iPhone Application to an iPad or iPhone or our Android Application to an Android device. iPhone and iPad are trademarks of Apple Inc. registered in the U.S. and other countries. Android is a trademark of Google Inc.