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Bonus Saver Offer

Earn an extra boost to your savings for the first 3 months.

‍

Limited time offer#

Earn up to

5.85%p.a.

Variable rate

On balances up to $100,000.

Terms and conditions apply.

Open an account

Start saving

Existing customer? Login to internet banking.

Two Bank Australia customers talking to each other

Things you need to know about this offer

  • Available on new Bonus Saver accounts only.
  • Introductory rate applies for 3 months from account opening.
  • Introductory rate applies to balances up to $100,000.
  • Bonus Saver accounts opened on and from 16 October 2026
  • After the introductory period, standard variable interest rates and account conditions apply

Bonus Saver interest rate explained

Introductory fixed rate

0.50%p.a.

  • Fixed bonus rate for the first three months when you open a new Bonus Saver account (on balances up to $100,000). Limited time offer.
+

Base variable rate

0.10%p.a.

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

Bonus variable rate

5.25%p.a.

Subject to change.

Earn bonus rate by:

  • Depositing $100+ each month.
  • Make no withdrawals each month.

The rate above is for balances up to $100,000.

Bonus rates vary depending on balance amount.

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Total interest rate

5.85%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 $100,000), then continue earning with our competitive variable rates.

After 3 months, the then applicable standard variable base and bonus interest rates apply to your Bonus Saver account if bonus interest conditions are met.

Ready to start saving?

Get started in less than 5 minutes – all you need is your smartphone and your Australian driver’s licence or Australian passport.

Open an account
Start saving
How it works

Bonus Saver features

Discover how our Bonus Saver can help you grow your savings faster.

Online access

Use the Bank Australia app and internet banking to check your savings and move money if you need to.

No monthly fees

With no account fees, deposit fees or domestic online transfer fees, it’s just straightforward savings.

Round UP

Grow your savings with small change. Eligible purchases on your Visa Debit card are rounded up to the nearest $1, $5 or $10.

Joint accounts

‍Open an account with another person. Joint accounts are available with any of our transaction or savings accounts.

Savings buckets

Organise your savings into buckets – think ‘bills’ and ‘holidays’ – simply by opening a second Bank Australia savings account, like Online Saver.

Security

Know your money is safe with card controls, security alerts and more.

Why us?

Earn bonus interest

To boost your savings with our bonus interest rate, simply deposit $100+ and make no withdrawals in the month.

Shared values

Know your bank's not funding fossil fuels and other harmful industries. Bonus interest and responsible banking. You can have both.

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The guarantee

Savings are protected by the Australian Government guarantee on combined deposits up to $250,000.

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Things you need to know

#BONUS SAVER INTRO OFFER TERMS AND CONDITIONS‍

Limited-time introductory interest rate available on new Bonus Saver accounts for 3 months from account opening on balances up to $100,000. Existing Bonus Saver accounts are not eligible. After the introductory period, standard Bonus Saver interest rates apply, which are variable and may change from time to time. Offer may be withdrawn for new applications at any time.

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 are applicable as outlined below.