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Branch closure - Sydney, New South Wales and Melbourne CBD, Victoria. Following the Government’s announcement of stay-at-home restrictions, we've decided to temporarily close our Sydney CBD branch and Melbourne CBD branch. We’ve made this decision to limit the potential risks to our customers and staff and to support the efforts to limit the spread of COVID-19 in the areas under stay-at-home restrictions. While the branches are closed, we’ll be able to help you over the phone on 132 888 Monday to Friday 8am-8pm and Saturday 9am – 2pm AEST. View details


A Savings account for anyone under the age of 25.

Interest rate up to, T&Cs apply
0.70% p.a.

effective 25 February 2021

More rates and fees
Other Rates
Balance Interest Rate
If bonus interest conditions are met
$0.01-$50,000 0.70% p.a.
$50,000.01-$250,000 0.50% p.a.
$250,000.01-$500,000 0.40% p.a.
$500,000.01-$1,000,000 0.30% p.a.
$1,000,000+ 0.20% p.a.
If bonus interest conditions aren't met 0.01% p.a.
Fees and Charges
Staff-assisted transaction $2.50
Fees, charges & transaction limits
Savings & term deposit rates

The mySaver is only available to customers under 25 years of age. If you are not eligible for this account it will be closed.

A savings account that can create
positive impact

A truly responsible bank can make society better. We use the money our customers deposit to make loans to people, community organisations 
and businesses that create positive change. By choosing to bank with us, you will have peace of mind knowing your money won’t be supporting the growth and sustainability of harmful industries.

Earn bonus interest

 Deposit $10 or more into your account each month and don't make any withdrawals to earn our bonus rate.

You can help make a positive impact

By moving your banking to Bank Australia, you are ensuring your money isn’t supporting the fossil fuel industry or industries that harm people and the planet.

Access your savings anytime, anywhere

Check your balance or withdraw your savings at any time via Internet Banking or our mobile app.


Why choose our mySaver 

It all adds up with Round UP

Let your small change grow your savings.

Who can apply?

To open a mySaver account online, in branch or over the telephone, you will need to:

  • Be 13 years or older.
  • Be opening it for personal use either individually or with others.
  • Not already have a mySaver account.

If you are under 13 years old, a parent or guardian will need to open an account on your behalf by calling us on 132 888 or visiting us in branch.

A truly responsible bank can make society better

We use the money our customers deposit to make loans to people, community organisations and businesses that create positive change. When you bank with Bank Australia, you can be confident your money is working towards a positive and more sustainable future. 

That’s why we’re the bank with clean money.

The fine print

The mySaver is available to customers under 25 years of age only. If you are not eligible for this account it will be closed.

General advice warning: 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 before making a decision to apply for products with Bank Australia.

Terms, conditions, fees and charges may be applicable. 

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.