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Australian Military Bank Star Saver Direct

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Who else wants a savings bank account that does not charge any account keeping fees and provides round-the-clock access to funds?

The Australian Military Bank Star Saver Direct Account lets your money earn interest in a tiered manner. You can access funds in your account at any time, via online and phone banking. This account does not have any minimum account opening balance requirement. The maximum account balance can go up to $500,000.

0.01% p.a.

Maximum variable rate

0.01% p.a.

Base interest rate

$1

Minimum opening balance

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Details

Product NameAustralian Military Bank Star Saver Direct
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age18

Key features

Account keeping fees

The Star Saver Direct Account does not attract any ongoing monthly account keeping fees.

Interest

Balances below $2,000 earn 0.01% p.a. If the balance in your account is $2,000 or more you'll earn 0.25% interest. The bank calculates this interest on an everyday basis and pays it out monthly.


How to apply

Eligibility

When applying for this account you have to agree to become an Australian Military Bank member. You can apply by visiting an Australian Military Bank branch, you can get started over the phone and you can submit an online application. Before applying, make sure you meet these eligibility criteria:

  • Minimum age. You can open this account if you're over 18 years of age.
  • Residency requirements. You should be an Australian citizen or a permanent resident of this country.

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