Product details
The Australian Unity Easy Saver offers a bonus interest rate of 1.00% p.a. on top of the standard variable rate for a 4-month introductory period. The account reverts to the standard variable rate after those 4 months, and there are no ongoing fees that will eat into your account balance.
- Product Name
- Australian Unity Easy Saver
- Maximum Variable Rate
- 2.45% p.a.
- Standard Variable Rate
- 1.45% p.a.
- Bonus Variable Rate
- 1.00% p.a.
- Introductory / Bonus Offer Conditions
- Earn a great ongoing variable interest rate when the 4 month introductory period ends.
- Monthly Fee
- $0
- Minimum Opening Deposit
- $0
- Introductory Interest Period
- 4 month(s)
- Internet Banking
- Yes
- Phone Banking
- Yes
- Minimum Age Requirement
- 16
- Covered by Government Guarantee?
- Yes (Up to $250,000 per person, per institution)
What are the features of the Australian Unity Easy Saver?
Bonus interest rate of 1.00% p.a. for the first 4 months
The Australian Unity Easy Saver offers a bonus interest rate of 1.00% p.a. in addition to the standard variable rate for an introductory period of 4 months. There are no special terms and conditions that need to be met to earn this bonus interest, all you need to do is open an account.
Then it reverts to 1.45% p.a.
Once the 4-month introductory period ends, the account earns the standard variable interest rate. The interest rate is variable, which means it could change according to the movements of the RBA cash rate.
No account keeping fees
There are no ongoing account-keeping fees for this account, allowing you to save and reach your goals as quickly as possible.
Must link to an Australian Unity transaction account
Money can be transferred in and out of your Australian Unity Easy Saver via a linked transaction account. This account allows you to pay no withdrawal fees at more than 3,800 RediATMs nationwide, and the monthly account service fee of $5 will be waived if you deposit at least $1000 into the transaction account each month. The Australian Unity Transaction Account also includes a Visa debit card with payWave.
Maximum interest rate applies up to $250,000
The Australian Unity Easy Saver account is available for savings balances of up to $250,000. Balances up to this amount are also protected by the Australian Government Guarantee.
No deposit or withdrawal restrictions
There are no terms and conditions regarding the amount of deposits or withdrawals you must make into your account each month in order to access the bonus interest rate. This means that your money can work harder for you without there being any hard work on your part.
New smartphone app
Australian Unity has a new smartphone banking app, which allows the convenience of banking on the go. You can use the app to manage your account and transfer money whenever is suitable.
10% Health insurance discount
If you open an Australian Unity Easy Saver account and also join Australian Unity health insurance, you will receive a 10% discount on home and contents insurance. You can compare other Australian Unity products here.
Australian-based
If you ever need help or support with yourAustralian Unity Easy Saver account, Australian Unity operates an Australian-based call centre as well as mobile bankers so that you can access the assistance you need.
Pros
- No deposit or withdrawal restrictions
- No account keeping fees
- 10% off Australian Unity health insurance
Cons
- Must be linked to an Australian Unity transaction account
What you’ll need to know before applying
If the Australian Unity Easy Saver sounds like the perfect account to help you reach your savings goals, click on one of the “Apply now” links on this page. You will be securely redirected to the Australian Unity website where you can review the full details of the account and begin your application.
Eligibility to apply online
In order to be eligible for an Australian Unity Easy Saver you must meet the following requirements:
- Minimum age. You will need to be 16 years or older.
- Residency requirements. You must be a permanent resident of Australia.
- Account requirements. You must not have previously held an Australian Unity Easy Saver account.
Documentation for your online application
You will also need to have a range of information and documentation ready to ensure that your application is processed as quickly as possible. This includes:
- Tax File Number. Whether or not you provide your Tax File Number is optional, but doing so will ensure that you don’t pay tax at the maximum marginal rate.
- Identification. Your driver’s licence, passport and Medicare card will be required.
It takes less than five minutes to complete the online application for an Australian Unity Easy Saver account.
What happens after I submit the application?
Your account will be opened within approximately three days of your application being received, and the Visa debit card for your linked transaction account will arrive within 5-7 business days.
If you’re looking for a savings account that offers a competitive interest rate and no ongoing fees, the Australian Unity Easy Saver is well worth a look. Compare its features and benefits with other introductory-rate savings accounts at finder.com.au today.
Related savings accounts
Australian Unity Healthy Banking Everyday Account
Fee Free Deposit
1,000Account Keeping Fee
5.00
Is the 10% of AU Membership only for new membership, or does it apply to existing AU members?
Hi S.Too,
Thank you for your inquiry.
10% discount includes all other retail discounts and is available when paying by direct debit. This discount is for new customers only and is not available through brokers or comparators. It is not to be used in conjunction with any other offer or discount and also excludes Overseas Visitors Cover.
You can read their Terms and Conditions and Privacy Policy before applying and/or speak to one of their consultants for further advice.
Hope this information has helped.
Cheers,
Jonathan
Hi Ben,
Thanks for your question.
There are no transaction fees for this account, however the account is opened with a transaction account which does have a monthly fee of $5 or free if at least $1000 is deposited into this transaction account per month. As a savings account, you can’t withdraw the money direct from this account however you can transfer your funds into the linked transaction account which allows you to withdraw your cash. The interest is calculated daily and paid monthly.
Regards,
Clarizza
Re. Aust Unity Easy Saver
Could you please advise how often the interest is paid?
Is there any early termination fees, or account closure fees?
Hi Nadine,
Thanks for your question.
The bonus interest rate will be calculated daily and paid monthly. There are also no termination or account closure fees.
Regards
Clarizza
Hi,
I would like to know if your bank charges monthly account service fee? And if yes, how much would this be and what does it actually cover?
Thank you
Hi Mia,
Thanks for your question.
Please note, we are a comparison website and provide general advice only. The Australian Unity Easy Saver does not charge any monthly account keeping fees.
Regards,
Clarizza
I believe Aus. Unity Easy Saver is same as Big Sky which pays 3 2 percent. Is this correct?
Hi Craig,
Thanks for your question.
Did you mean 3.2% interest? Australian Unity Easy Saver currently comes with a maximum variable interest rate of 2.90%. Big Sky has a number of savings account products so I’m unsure which one you are comparing the rate to. However, I can see that their Target Saver account comes with a 1.45% interest rate.
Regards,
Clarizza
Are there any penalties for moving money out of this account after the four month introductory period?
Hi Alison,
Thanks for your question.
No, there are no fees or penalties for closing the account after the introductory period.
Regards,
Clarizza