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Australian Military Bank Online Saver

Do you want an online savings account that lets you earn bonus interest?

The Australian Military Bank Online Saver Account gives you access to your money solely through the bank’s Internet banking platform. There is no minimum balance requirement with this account. If your account balance crosses a predetermined threshold you earn interest. By meeting some basic depository criteria you can earn bonus interest.

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0.70% p.a.

Maximum variable rate


Base interest rate

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Product NameAustralian Military Bank Online Saver
Maximum Variable Rate0.70% p.a.
Standard Variable Rate0.10% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age18

Key features

Minimum and maximum balance

There is no minimum account opening or ongoing balance requirement with this account. The maximum your account balance can get to while earning interest is $500,000.


The bank lets you earn interest in a tiered manner. If the balance in your account is up to $500,000 you will earn 0.1% p.a. The bank calculates interest daily and pays it monthly.

Bonus interest

If the balance in your account is from $5,000 to $500,000 and you don't make any withdrawals in a month you stand to earn bonus interest of 0.6% p.a. This can take the total interest you earn to 0.7% p.a.

Monthly fees

You don't have to pay any ongoing account keeping fees to maintain this account.

How to apply


The Online Saver Account is a self-service account so you can only apply for it online. To submit your application, visit the Australian Military Bank website. Before you do, make sure you meet the required eligibility criteria:

  • Minimum age. You're over 18 years old.
  • Residency requirements. You're an Australian citizen or a permanent Australian resident

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