In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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BankVic Bonus Saver

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Maximum variable rate
4.55% p.a.
Base interest rate
0.05%p.a.
Minimum deposit
$100

Summary

Be encouraged to save more each month with a plan that rewards you with higher interest rates for regular deposits and no withdrawals.

The Bonus Saver gives you great incentive to save by paying you extra interest every month that you meet their terms. Even if you do need to dip into your savings from time to time interest is still earned that is paid right into the account. BankVic is an Australian mutual bank serving police officers, emergency response workers, and other members of the public service industry.

Pros

  • No account keeping, management or annual fees
  • No minimum or opening deposit requirements
  • High-interest savings account with bonus interest

Cons

  • Need to deposit at least $100 per calendar month to get bonus rate

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name BankVic Bonus Saver
Maximum Variable Rate 4.55% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

$0 Account keeping fees

No monthly account keeping fees will be charged to your account.

Standard interest rate of 0.05%

All balances will receive a standard rate of interest applied.

Launch savings calculator


How to apply

If you are already a member of BankVic you can access the application for the Bonus Saver by visiting the bank's website. Alternatively you can call or visit a branch to submit your application.

Eligibility

There are certain eligibility requirements that you must meet in order to be considered for the account:

  • Minimum age. Applicants need to be at least 18 years of age for an online application to be accepted.
  • Residency requirements. Only Australian residents or citizens are eligible to apply.

Your reviews

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Alison Finder

Editor

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