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If you’re a disciplined saver who regularly puts money aside and you’re never tempted to dip into your savings, the Australian Unity Active Saver account could be the perfect choice for you. Available with a competitive standard variable rate, the account also pays bonus interest every month you deposit at least $250 and do not make any withdrawals.
1.00% p.a.
Maximum variable rate
0.01%p.a.
Base interest rate
$250
Minimum deposit
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Product Name | Australian Unity Active Saver |
---|---|
Maximum Variable Rate | 1.00% p.a. |
Standard Variable Rate | 0.01% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 16 |
Review by
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
In addition, there are no account-keeping fees to worry about. If you want to reach your savings goal as quickly as possible, the Active Saver is well worth considering.
July 25, 2019
Can I open multiple accounts?
July 25, 2019
Hi Neil,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
That’s an interesting question. Upon checking, Neil, I’m afraid the answer to your question is no.
You can only open one account. Moreover, the bonus interest rate offer is limited to 1 account per customer. It is worth noting as well that you cannot open a new account within 90 days of closure of the same type of Australian Unity savings or transaction account.
In the process of finding a savings account, please make sure that you’ve read the relevant T&Cs or PDS of the savings accounts you are interested in to help consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
July 12, 2019
Do you have to have the Aust Unity liked transaction account? Can you transfer directly in and out of the Aust Unity Active Saver from an external account (to avoid doubling up on transfers via the transaction account to avoid the $5 account keeping fee).
July 13, 2019
Hi Tony,
Thanks for contacting Finder.
You need to link your transaction account to move money back and forth from savings.
I hope that helps.
Cheers,
Faye
October 1, 2018
Can I open this account type under a company (Pty Ltd) or can I link it to a company account so the savings of the company earn interest?
Thanks
October 2, 2018
Hi Zoe,
Thanks for reaching out to finder.
The Australian Unity Active Saver is available for individual and joint accounts only. The Active Saver already comes with a linked Australian Unity transaction account and to earn the bonus interest rate, a deposit must be made from a linked Australian Unity transaction account. If you wish to open a business account with Australian Unity, you can contact them directly for further assistance.
Hope this helps.
Cheers,
Charisse
April 5, 2018
Is your account government guaranteed?
April 5, 2018
Hi AC,
Thank you for your comment.
Yes, this account is covered by the Australian Government’s guarantee scheme since Australian Unity is an Authorised Deposit-taking Institution (ADI) and is regulated by the Australian Prudential Regulation Authority (APRA). This applies to deposits up to $250,000 per account holder.
Regards,
Jhezelyn
September 14, 2017
Does the Active Saver account get the Govt. deposit guarantee? Can’t see it mentioned
September 15, 2017
Hi John,
Thank you for your inquiry.
Australian Unity is an Authorised Deposit-taking Institution (ADI) and is regulated by the Australian Prudential Regulation Authority (APRA) so the deposits in Australian Unity Active Saver and transaction accounts are covered by the Australian Government’s guarantee scheme. The guarantee applies to deposits up to $250,000 per account holder.
Cheers,
May