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Adelaide Bank MySaver Account

Alison Banney
Alison Banney
Last updated:  

Enjoy higher returns with an interest rate of 0.25% p.a. and no monthly fees when you open a MySaver Account from Adelaide Bank.

The Adelaide Bank MySaver Account is a high-interest online savings account that combines a competitive variable interest rate with easy access to your funds. With an interest rate of 0.25% p.a. payable on balances of $500 or greater, the account allows your money to grow towards your savings goal.

0.25% p.a.

Maximum variable rate

0.25% p.a.

Base interest rate

$500

Minimum opening balance

Details

Product NameAdelaide Bank MySaver Account
Maximum Variable Rate0.25% p.a.
Standard Variable Rate0.25%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$500
Minimum Age18

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

The account doesn’t have any monthly fees eating into your savings balance, and your funds are available at call. This means you can enjoy easy online and phone banking access to the money in your account whenever you want.

Key features

Competitive variable interest rate of 0.25% p.a.

A variable interest rate of 0.25% p.a. applies to Adelaide Bank MySaver Account balances of $500 or greater, giving you competitive returns on the funds you deposit. Interest is calculated daily on your closing balance and credited to your account on a monthly basis.

No monthly fees

There are no monthly fees attached to this account, so any money you deposit will go directly towards helping you reach your savings goal.

Launch savings calculator

How to apply

If you'd like to build a bigger savings balance with an Adelaide Bank MySaver Account, click on one of the "Apply now" links on this page. You'll be taken to the Adelaide Bank website where you can read up on the full details of the account. You can then phone the bank's customer helpline if you would like to apply for an account.

Eligibility

  • Minimum age. You must be at least 18 years of age to open an Adelaide Bank MySaver Account.
  • Residency requirements. You must be an Australian resident to apply for this account.

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