Australian Unity's Freedom Saver ($50,000 - $250,000) has a competitive rate. But if you save beyond this amount you earn a lower rate on your whole balance.
The Australian Unity Freedom Saver account lets you earn a competitive rate on balances between $50,000 and $250,000. Learn more about this high interest savings account.
The Australian Unity Freedom Saver offers different rates depending on your account balance. If you save between $50,000 and $250,000 you can earn a rate of 4.85%. Apart from the balance requirement there are no other conditions required to get this rate.
If your balance exceeds $250,000 you will earn a lower interest rate on your whole balance.
| Product Name | Australian Unity Freedom Saver ($50,001 - $250,000) |
| Maximum Variable Rate | 4.85% p.a. |
| Standard Variable Rate | 4.85% p.a. |
| Minimum Age | 16 |
Maximum variable interest rate of 4.85%
Australian Unity's Freedom Saver ($50,000 - $250,000) offers one interest rate based on your balance. But if you save more than $250,000 you'll get a lower rate on the whole amount.
There are no minimum deposits required each month and no withdrawal conditions.
The Freedom Saver has no minimum balance. There is a maximum balance of $250,000 - your interest rate will drop if you save more than that.
This account has no monthly or annual fee. There are no ATM fees if using a linked transaction account with any Big Four bank ATM.
You can open a single or joint Freedom Saver account.
This account also comes with a linked transaction account that offers smartphone payments (Apple Pay, Google Pay and Samsung Pay).
The Australian Unity Freedom Saver won Best No Conditions Savings Account in the 2025 Finder Awards.
Full list of 2025 winnersYou can apply online in a few minutes. Australian Unity will call you within 3 days to let you know if your application is approved.
You are eligible for the Australian Unity Freedom Saver account if:
Richard Finder
Money Editor
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Angus Kidman Finder
March 12, 2025
Hi Warren, This product isn’t eligible for SMSF access – Australian Unity has term deposits and cash management accounts for SMSFs, but Freedom Saver is not one of them.
Veronica
March 01, 2025
Hi.
What is the interest rate above 250k
Angus Kidman Finder
March 02, 2025
Hi Veronica, If your balance in this accounts goes above $250,000, you’ll earn 4.25% on the whole balance. If it’s above $500,000, the rate drops to 3.75%. Note that balances above $250,000 aren’t covered by the Financial Claims Scheme, so it could make more sense to split those amounts into accounts with other banks.
leith
February 26, 2025
can i redraw from this account?
Angus Kidman Finder
February 27, 2025
Yes, you can make withdrawals from this account and it won’t affect the general rate paid. The one exception? If you had more than $250,000 in the account and your withdrawals resulted in it dropping below $250,000, the rate would go up.
Bob
January 20, 2025
hi,
can be my interest payment made monthly transferred to my different bank account??
thanks
Sarah Megginson Finder
January 20, 2025
Hi Bob,
No, the interest will be credited to the account that earned the interest. However, you could set up a debit debit to automatically transfer an amount to a different account each month if you wish.
Bob
January 20, 2025
hi,
do i need to provide TFN, tax file number for any amount of money i want to invest??
thanks! :))
Sarah Megginson Finder
January 20, 2025
Hi Bob,
Yes, you need to provide your tax file number as if you don’t, the bank will withhold up to 48% of the interest earned. You can only claim this money back when you file a tax return. So, it’s easier to provide the tax file number upfront! Hope this helps.
Warren
March 11, 2025
Can my self managed super fund open an account ?