Alert

Alert: Planned maintenance - Internet Banking: Sunday 14th August, 12:30am-2:30am AEST. We will be conducting important maintenance across our internet banking platform. During this time our internet banking platform will be offline. We apologise for any inconvenience. Card transactions and ATM withdrawals will be unaffected during the maintenance window. Call us on 132 888 for any questions, we're here 'til 8pm AEST or between 9am and 2pm AEDT tomorrow.

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2022-08-12 2:08 pm
Alert

Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

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2022-06-21 5:06 pm
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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.

Savings & term deposit rates

What's on this page

Online Saver

Funds available at call and accessed via internet banking. Interest rate is variable, calculated daily on whole of balance and credited monthly.
Effective 1 August 2022
Balance
Interest (p.a.)
$1-$4,999
0.01
%
$5,000-$149,999
0.75
%
$150,000+
0.75
%

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 1 August 2022

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
1.25
%
$250,000.01–$500,000
1.15
%
$500,000.01–$1,000,000
1.05
%
$1,000,000.01+
0.95
%
If bonus interest conditions aren't met
0.01%

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 1 August 2022

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
1.45
%
$50,000.01–$250,000
1.25
%
$250,000.01–$500,000
1.15
%
$500,000.01-$1,000,000
1.05
%
$1,000,000+
0.95
%
If bonus interest conditions aren't met
0.01
%

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 1 August 2022
Balance
Interest (p.a.)
$1-$9,999
0.00
%
$10,000+
0.45
%

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 1 August 2022
Balance
Interest (p.a.)
Any balance
0.60
%

Fees and charges

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

Things you need to know

General advice warning

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 before making a decision to apply for products with Bank Australia.

  1. Eligibility criteria apply. You must deposit $2k to the Everyday Transaction Account each month or maintain $50k in total banking value to earn a monthly fee waiver the following month.

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

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