AWA Alliance Bank Online Saver Account
Earn 0.15% p.a. interest and have at-call access to your funds with an Online Saver Account from AWA Alliance Bank
One of the downsides of many savings accounts is that you’re either unable to access the funds in your account until they mature, or you’ll be hit with interest rate penalties if you make any withdrawals. However, this is not the case with the Online Saver Account from AWA Alliance Bank. A special-purpose savings account that provides at-call access to your funds, the Online Saver Account pays competitive interest of 0.15% p.a.
Maximum variable rate
Base interest rate
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.
And if you ever need to withdraw money from your account, you can do so via Internet banking or the rediATM network.
Variable interest rate of 0.15% p.a.
A competitive variable interest rate of 0.15% p.a. applies to your AWA Alliance Bank Online Saver Account balance. Note that this is a variable rate, meaning it could change at any time.
Interest paid twice a year
Interest on the Online Saver Account is calculated on your daily balance and credited to your account on 30 June and 31 December each year.
No minimum balance
The AWA Alliance Bank Online Saver Account does not have any minimum balance requirements.
Account holders can take advantage of simple access to their funds via the AWA Alliance Bank Internet banking portal at any time. Each customer is also entitled to four free rediATM transactions per month, with additional transactions incurring a $2 fee.
How to apply
If the AWA Alliance Bank Online Saver Account has all the features you're looking for in a savings account, click on one of the "Find out more" links on this page. This will take you to the AWA Alliance Bank website where you can access detailed account information as well as the terms and conditions.
Unfortunately, there's no option to apply for an Online Saver Account online, so you'll need to choose one of the following two options:
- Visit a branch. If you'd like to set up an account face to face, AWA Alliance Bank has branches in Geelong and Portland in Victoria as well as in Mandurah, WA.
- Complete an online form. You can also get in touch with the bank via an online enquiry form. You will need to provide your name, email address, phone number, preferred contact time and any questions you have about the Online Saver Account.
If you're a new customer, you'll need to provide some form of photo ID to verify your application. Your driver's licence or your passport are both viable options.
- Residency requirements. This account is available to Australian residents only.
- Deposit requirements. No minimum balance required to open an Online Saver Account.
If you're looking for a savings account to help you build towards a financial goal, the AWA Alliance Bank Online Saver Account is worth including on your shortlist. However, make sure to compare the features and fees of an extensive range of savings accounts before choosing where to invest your hard-earned money.