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Savings account rates and fees

Rates vary depending on the account you hold and its balance. Includes personal and business customers.

What's on this page

Online Saver

Funds available at call and accessed via internet banking and app. Interest rate is variable, calculated daily on whole of balance and credited monthly.
Effective 18 December 2023
Balance
Interest (p.a.)
$1 - $4,999.99
0.01
%
$5,000 - $149,999.99
3.95
%
$150,000+
3.95
%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50
Exceeding available funds fee
$10
Dishonour fee
$12

Bonus Saver

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

Effective 18 December 2023

Make a deposit of at least $100 and no withdrawals each month to get an interest rate of

Balance
Interest (p.a.)
$0.01 – $250,000
4.75
%
$250,000.01 – $500,000
4.65
%
$500,000.01 – $1,000,000
4.55
%
$1,000,000.01+
4.45
%
If bonus interest conditions aren't met
0.10
%

Fees and charges

Monthly fee
$0
Exceeding available funds fee
$10
Dishonour fee
$12
Staff Assisted fee
$2.50

mySaver

Interest rate is variable, calculated daily on whole of balance and credited monthly. The mySaver is only available to customers under 25 years of age. If you are not eligible for this account it will be closed.

Effective 18 December 2023

Make a deposit of at least $10 and no withdrawals each month to get an interest rate of

Balance
Interest (p.a.)
$0.01 – $50,000
4.95
%
$50,000.01 – $250,000
4.75
%
$250,000.01 – $500,000
4.65
%
$500,000.01 – $1,000,000
4.55
%
$1,000,000.01+
4.45
%
If bonus interest conditions aren't met
0.10
%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50
Exceeding available funds fee
$10
Dishonour fee
$12

Commercial Saver

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

Effective 18 December 2023
Balance
Interest (p.a.)
$1 – $9,999.99
0.00
%
$10,000+
1.45
%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50

Christmas Saver

Funds available from 1 November. Interest calculated daily on whole of balance and credit on 30 November.
Effective 18 December 2023
Balance
Interest (p.a.)
Any balance
2.00
%

Fees and charges

Monthly fee
$0
Staff-assisted transaction
$2.50
Exceeding available funds fee
$10
Dishonour fee
$12

Important information

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 may be applicable as outlined below.

Product disclosure documents

Account Access facility conditions of use

Fees, Charges and Transaction Limits

Summary of accounts

Savings accounts Target Market Determination