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2023-12-22 2:05 pm

Banking

Savings accounts

Christmas Saver

Variable interest rate

2.00

p.a.

‍Terms and conditions apply

How to save sustainably each payday and feel more on top of the merry season.

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Why us? Who it's for?What you get Our rates Fees and charges Related topics Get started

Savings for the season

Finder Green Awards 2023
Green Bank of the Year

Learn more

Earn up to

2.00

p.a.

Variable rate

No monthly fees
‍Terms and conditions apply

Effective 1 October 2024

See rates and fees

Why us?

No temptation

Your Christmas Saver stays locked until 1 November, just in time for the online sales.

Be the change

What if the money in your bank account helped other people and the planet? When you bank with us, it does.

The guarantee

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

Who it's for

People aged 13+
Single and joint account holders
People living in Australia as a permanent resident or with a relevant work visa

‍

Is this product right for you? Find out more

What you get

"I've been with Bank Australia for a couple of months now and love the products. Easy to use app, and great ethical and environmental actions"

Mae from VIC

See more on Productreview.com.au

No monthly fees

You pay no monthly fees. Your savings are all yours as you work your way towards Christmas.

Out of sight

To keep you on track, your account is locked for saving until 1 November. It stays open until 31 January.

Emergency access

No worries if you need your money before 1 November, you can access it by contacting us. A $2.50 fee applies.

More than one

Feel free to set up more than one Christmas Saver if you’ve got different groups you’re buying pressies for.

Best-in-class security

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

Instant transfers

Over the festive season, you can move money instantly in the app or internet banking.

Compare savings accounts

Current interest rates

Effective 1 October 2024

Balance	Interest (p.a.)
Any balance	2%

Funds Available from 1 November. Interest calculated daily on whole of balance and credited on 30 November.

Savings and term deposit rates

Fees and charges

Here's what to expect with our Christmas Saver:

We’ll waive the staff-assisted withdrawal fees if you:

Are a school or not-for-profit entity
Have a Bank Australia Premium Home Loan Package or Clean Energy Home Loan in the same name

Exceeding available funds fee	$10 plus Debit interest charge rate

Debit interest charge rate	12.39%

Staff assisted withdrawal fee	$2.50 (unless waived as listed above)

It pays to know. Read the Product Disclosure Document and and see all rates and fees before deciding if this account is right for you.

Money, People & Planet

Sustainable Christmas gifts for 2024

An accountant shares his new year financial planning checklist

From ‘drab hotbox’ to sustainable dream – how Shaun transformed his apartment on a budget

See more at the Bank Australia blog

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

Deposit fees, charges and transaction limits

Summary of accounts

Savings accounts Target Market Determination