Compare BankVic Savings Accounts

BankVic focuses on your financial future with a number of high interest savings accounts to suit multiple needs.

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Shirley Liu

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BankVic

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A mutual bank in Victoria, BankVic has been offering members of the police, health, public service and emergency service sector an alternative to large banks for over 40 years. Backed by the Australian Government, BankVic provides you with a secure place to place your savings.

BankVic savings accounts, bank accounts and term deposits

BankVic savings accounts

5 of 5 results
Updated regularly
Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
BankVic logo
Finder score
8.5 Great
BankVic Bonus Saver
Finder score
8.5 Great
Maximum Variable Rate p.a.
4.05%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $5,000,000
Deposit $100
No withdrawals
More info
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BankVic logo
Finder score
8.1 Great
BankVic Easyinvest
Finder score
8.1 Great
Maximum Variable Rate p.a.
2.25%
Standard Variable Rate p.a.
2.25%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $5,000,000
More info
Compare product selection
BankVic logo
Finder score
9.3 Excellent
BankVic Little Copper Club
Finder score
9.3 Excellent
Maximum Variable Rate p.a.
3.95%
Standard Variable Rate p.a.
3.95%
Intro/Ongoing
Ongoing rate
(conditions apply)
More info
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BankVic logo
Finder score
9.1 Excellent
BankVic Pension Plus Account
Finder score
9.1 Excellent
Maximum Variable Rate p.a.
3.65%
Standard Variable Rate p.a.
3.65%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance from $51,801
More info
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BankVic logo
Finder score
8.1 Great
BankVic SMSF Saver
Finder score
8.1 Great
Maximum Variable Rate p.a.
2.25%
Standard Variable Rate p.a.
2.25%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance $0 to $5,000,000
More info
Compare product selection
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full breakdown

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BankVic bank accounts

1 of 1 result
Updated regularly
Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
BankVic logo
Finder score
8.1Great
BankVic Everyday Account
Apple Pay Google Pay Samsung Pay
Finder score
8.1Great
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

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BankVic term deposits

2 of 2 results
Updated regularly
Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
BankVic logo
Finder Score
9.1 Excellent
BankVIC Term Deposit
$5,000 min. deposit
Finder Score
9.1 Excellent
3 Mths p.a.
3.60%
6 Mths p.a.
4.00%
10 Mths p.a.
3.70%
12 Mths p.a.
4.10%
24 Mths p.a.
3.85%
More info
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BankVic logo
Finder Score
7 Great
BankVIC 12 Months Regular Income
$5,000 min. deposit
Finder Score
7 Great
3 Mths p.a.
-
6 Mths p.a.
-
10 Mths p.a.
-
12 Mths p.a.
4.05%
24 Mths p.a.
-
More info
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

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What are the pros and cons of banking with BankVic?

Pros

  • High interest investment options. BankVic allows you to plan for the future with a number of accounts that can build your savings through higher interest rates.
  • Flexible accounts. Savings accounts are designed to meet the various needs of BankVic members.
  • Low fees. Savings products are all offered without any account keeping fees, and you are provided with multiple options for free transactions.
  • Mobile banking. The BankVic mobile app gives you the ease of banking whenever you need to, wherever you are for no additional charge.

Cons

  • Limited membership. Membership into BankVic is limited to a particular employment sector and their family and friends.
  • Minimum balance requirements. With a number of the accounts you are required to maintain a minimum balance or meet deposit terms in order to receive the full benefits of the account.

How to apply for a BankVic savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Sources

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Written by

Publisher

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. See full bio

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Read more on this topic

  • BankVIC Easyinvest

    Earn a competitive interest rate with the Easyinvest and deposit any amount that you want.
  • BankVic Term Deposit

    Passively watch as your money grows in a high interest earning term deposit from BankVic
  • BankVic Pension Plus S10

    Open a Pension Plus S10 account now to save on fees and earn a guaranteed interest of over 3%.
  • BankVic SMSF Saver

    Maximise the benefits of your SMSF with a holding account that provides you with full access and an interest rate that is competitive for the market.
  • BankVic Little Copper Club account (for under 18s)

    Earn interest on all balances with $0 account keeping fees. Start early with a youth savings account designed to help under 18's save money and learn about investing.
  • BankVIC Bonus Saver

    Grow your savings rapidly with a convenient savings account that pays out more when you stick to your savings plan.
  • BankVIC 12 Month Income term deposit

    Increase your monthly income with regular payments of interest earnings deposited directly into your banking account.
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