6 November 2025 – Targeted SMS and calls impersonation of Bank Australia
. We’ve received reports of scam calls accompanied with SMS messages targeting Bank Australia customers. These messages and calls are not from Bank Australia. Learn more
Earn up to
Variable rate
Effective 6 November 2025.
On balances up to $100,000.
To boost your savings with our bonus interest rate, simply deposit $100+ and make no withdrawals in the month.
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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Savings are protected by the Australian Government guarantee on combined deposits up to $250,000.
Introductory fixed rate
0.40 % p.a.
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
0.10 % p.a.
At a minimum, you'll get this rate (subject to change).
Bonus variable rate
4.25 % p.a.
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.
Total introductory interest rate
4.75 % 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.
Use the Bank Australia app and internet banking to check your savings and move money if you need to.
With no account fees, deposit fees or domestic online transfer fees, it’s just straightforward savings.
Grow your savings with small change. Eligible purchases on your Visa Debit card are rounded up to the nearest $1, $5 or $10.
Open an account with another person.
Joint accounts are available with any of our transaction or savings accounts.
Know your money is safe with card controls, security alerts and more.
Organise your savings into buckets – think ‘bills’ and ‘holidays’ – simply by opening a second Bank Australia savings account, like Online Saver.
Earn up to
4.75 % p.a.
Total introductory interest rate for the first 3 months* on balances up to $100,000 on new Bonus Saver accounts.
The introductory rate of 0.40% is fixed, calculated daily on balances up to $250,000 and credited monthly. Terms and conditions apply.
Make a deposit of at least $100 and no withdrawals each month to get an interest rate of:
Balance | Interest (p.a.) |
|---|---|
$0 – $100,000 | 4.35 % |
$100,000.01 – $250,000 | 4.00 % |
$250,000.01 – $500,000 | 3.55 % |
$500,000.01+ | 3.25 % |
Balance | Interest (p.a.) |
|---|---|
Any balance | 0.10 % |
Interest rate is variable, calculated daily on whole of balance and credited monthly.
People aged 13+
Aged under 13? Read about our bank accounts for children.
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
Dishonour fee | $0 |
|---|
Exceeding available funds fee | $0 plus Debit interest charge rate |
|---|
Debit interest charge rate | 12.39% |
|---|
Staff assisted withdrawal fee | $0 |
|---|
For all fees and charges please refer to Deposit fees, charges and transaction limits
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.
Have your smartphone and your Australian driver's licence or Australian passport handy when you apply
Please note you must be 18+ to open online
Complete your online ID verification and account application
Start using your new account
Get started in less than 5 minutes – all you need is your smartphone and your Australian driver’s licence or Australian passport.
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The Bonus Saver total introductory rate is made up of the introductory fixed bonus rate, plus the base variable rate, plus the bonus variable rate which applies when bonus interest conditions are met.
This introductory fixed rate applies for 3 months after your first Bonus Saver account is opened during this special offer period.
An introductory fixed bonus rate applies for the first 3 months, on top of the base variable rate and bonus variable rate when bonus interest conditions are met.
After 3 months, your Bonus Saver account will revert to the base variable interest rate plus bonus variable rate when bonus conditions are met and the conditions applicable at the time.
The introductory rate offer is available for a limited time only and we may change and remove the promotional offer at any time.
The Bonus Saver rate is the base variable rate plus the bonus variable rate, which applies when bonus interest conditions are met ($100 minimum deposit and no withdrawals per month).
You need to make a minimum deposit of $100 to the account and no withdrawals for the month to receive bonus variable rates. If these conditions aren’t met, you will only be eligible to receive the base variable interest rate.
Interest is calculated on the daily balances, and paid at the end of a calendar month or on the day the account is closed.
Only one Bonus Saver account is allowed per customer, solely or jointly owned.
If interest is payable on your account, it is calculated on a daily basis using the following formula:
The daily closing balance is the credit balance on your account at the end of a day. All current interest rates are available on our website.
Fixed term deposits offer a guaranteed rate of return on your money for the life of an investment. They are also a low maintenance option so they are more 'set and forget' than savings accounts, which are more flexible with withdrawals but require meeting bonus conditions in order to get the bonus rate. You can learn more about the key differences between term deposits and other savings accounts here.
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Everyone’s been considering smart ways to manage money recently, especially with summer and the holiday period fast approaching. These 7 tips could make a meaningful difference to achieving your saving goals, and you can knock some of them over in less than half an hour.
Calculate your return using our savings and term deposit calculator. See how hard your money can work with different amounts, terms and interest rates.
Setting up and using Bank Australia services including the app, internet banking, phone and branch banking, and our accessibility services.
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The admin side of your accounts. Like changing your details, finding numbers, downloading statements and getting set to travel.
