BDCU Alliance Bank

Compare BDCU Alliance Bank Savings Accounts

Save for a secure financial future with a savings account from BDCU Alliance Bank.

BDCU Alliance Bank is a customer-owned bank based in regional NSW. Headquartered in Bowral, it is part of the Alliance Bank Group with Bendigo and Adelaide Bank, and offers a wide range of transaction accounts, savings accounts and other financial products to its customers.

Rates last updated December 19th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
BDCU Alliance Bank Concession Account
Visa
$0
$0
A savings account designed for members receiving a pension from the Australian Government.
BDCU Alliance Bank FLEX Account
Visa
$0
$2,000
Flexible access options, no minimum balance requirements and no monthly fees when you meet some simple conditions.
BDCU Alliance Bank Home Loan Offset Account
Visa
$0
$0
An everyday account that offers fee-free everyday banking as well as the flexibility to use your account balance to offset the amount owing on your home loan.

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Rates last updated December 19th, 2018
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
BDCU Alliance Bank My Community Savings Account
1.45%
1.45%
0.00%
$0
$0 / $0
With the ability to earn a competitive interest rate on your balance and support your local community at the same time, the BDCU Alliance Bank My Community Savings Account is an online savings product with a difference.
BDCU Alliance Bank Bonus Saver Account
1.90%
0.10%
1.80%
$0
$0 / $0
Ongoing, variable 1.90% p.a. when you deposit $50+ and make no withdrawals each month.
BDCU Alliance Bank Junior Bonus Saver Account
1.90%
0.10%
1.80%
$0
$0 / $0
Ongoing, variable 1.90% p.a. when you deposit $10+ and make no withdrawals each month.
BDCU Alliance Bank Christmas Club Account
0.80%
0.80%
$0
$0 / $0
A savings account that helps you set aside money for Christmas with an interest rate of 0.80% p.a.
BDCU Alliance Bank Bonus eAccess Savings Account
BDCU Alliance Bank Bonus eAccess Savings Account
1.70%
1.45%
0.25%
$0
$0 / $0
A saving account with PersonalSMART or HomeSMART packages and earns you a bonus interest of 1.70% p.a. on your eAccess Account.

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Rates last updated December 19th, 2018
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. Min Deposit Interest Earned
BDCU Alliance Bank Term Deposit (I22)
1.50%
-
1.50%
1.50%
1.50%
1.50%
$1,000

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Rates last updated December 19th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
BDCU Alliance Bank Concession Account
Visa
$0
$0
A savings account designed for members receiving a pension from the Australian Government.
BDCU Alliance Bank FLEX Account
Visa
$0
$2,000
Flexible access options, no minimum balance requirements and no monthly fees when you meet some simple conditions.
BDCU Alliance Bank Home Loan Offset Account
Visa
$0
$0
An everyday account that offers fee-free everyday banking as well as the flexibility to use your account balance to offset the amount owing on your home loan.

Compare up to 4 providers

Rates last updated December 19th, 2018
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
BDCU Alliance Bank My Community Savings Account
1.45%
1.45%
0.00%
$0
$0 / $0
With the ability to earn a competitive interest rate on your balance and support your local community at the same time, the BDCU Alliance Bank My Community Savings Account is an online savings product with a difference.
BDCU Alliance Bank Bonus Saver Account
1.90%
0.10%
1.80%
$0
$0 / $0
Ongoing, variable 1.90% p.a. when you deposit $50+ and make no withdrawals each month.
BDCU Alliance Bank Junior Bonus Saver Account
1.90%
0.10%
1.80%
$0
$0 / $0
Ongoing, variable 1.90% p.a. when you deposit $10+ and make no withdrawals each month.
BDCU Alliance Bank Christmas Club Account
0.80%
0.80%
$0
$0 / $0
A savings account that helps you set aside money for Christmas with an interest rate of 0.80% p.a.
BDCU Alliance Bank Bonus eAccess Savings Account
BDCU Alliance Bank Bonus eAccess Savings Account
1.70%
1.45%
0.25%
$0
$0 / $0
A saving account with PersonalSMART or HomeSMART packages and earns you a bonus interest of 1.70% p.a. on your eAccess Account.

Compare up to 4 providers

Rates last updated December 19th, 2018
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. Min Deposit Interest Earned
BDCU Alliance Bank Term Deposit (I22)
1.50%
-
1.50%
1.50%
1.50%
1.50%
$1,000

Compare up to 4 providers

Rates last updated December 19th, 2018
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
HSBC Serious Saver
3.10%
1.40%
1.70%
$0
$0 / $0
Introductory rate of 3.10% p.a. for 4 months, reverting to a rate of 1.40% p.a. Available on balances below $1,000,000.
Bank of Queensland Fast Track Saver Account
2.80%
0.50%
$0
$0 / $0
Ongoing, variable 2.80% p.a. when you link to an BOQ Day2Day Plus Account and deposit $1,000+ into the Day2Day account each month from an external account. Available on balances up to $250,000.
Bankwest Hero Saver
2.60%
0.01%
2.59%
$0
$0 / $0
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
ING Savings Maximiser
2.80%
1.00%
1.80%
$0
$0 / $0
Ongoing, variable 2.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month and make 5+ card purchases a month. Available on balances up to $100,000.
AMP Saver Account
2.55%
2.10%
0.45%
$0
$0 / $0
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
HSBC Flexi Saver Account
2.50%
1.25%
1.25%
$0
$0 / $0
Ongoing, variable 2.50% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
AMP SuperEdge Saver Account
2.05%
2.05%
0.00%
$0
$0 / $0
Link to your SMSF. Ongoing, variable 2.05% p.a. when you link to AMP SuperEdge Cash Account or a different transaction account for your SMSF in another bank. Available on the entire balance.
CUA eSaver Boost Account
2.75%
0.25%
2.50%
$0
$1 / $1
Ongoing, variable 2.75% p.a. when you make a total deposit of at least $250 and no withdrawals in a calendar month. Available on balances up to $500,000.
MyState Bank Bonus Saver Account
2.60%
0.80%
1.80%
$0
$0 / $0
Ongoing, variable 2.60% p.a. when you deposit at least $20 into the account each month and make five or more Visa Debit card transactions from a linked MyState transaction account.
AMP Bett3r Account
2.25%
1.50%
0.75%
$5
$0 / $0
With AMP's bundled Bett3r account, get three linked Pay, Spend and Save accounts. Earn a competitive, ongoing rate of up to 2.25% on your Save account balance when you deposit $2,000 into the Pay account each month from a source that is not another AMP Bank account.

Please note: The 2.25% maximum variable rate is earned only on your Save account balance. To calculate interest earned, enter your initial and monthly deposit amounts for the Save account only, not including any money that’ll be in your Spend or Pay account.

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Who is BDCU Alliance Bank?

BDCU Alliance Bank is part of the Alliance Bank Group. The Group is an alliance of four independent mutual entities (BDCU Limited, AWA Mutual Limited, Service One Mutual Limited and Circle Mutual Limited) with Bendigo and Adelaide Bank. This enables BDCU to offer banking products on behalf of Bendigo and Adelaide Bank, while also keeping its own branding and maintaining its local presence throughout the Southern Highlands region of NSW.

If you’re looking for a bank account to suit your financial needs, BDCU offers a variety of transaction accounts, savings accounts and term deposits. These accounts combine flexible features with competitive interest rates, as well as personalised customer service for every member.

What is Internet banking like for BDCU Alliance Bank?

BDCU’S Internet Banking portal allows members to access their accounts, check transaction details and statements, pay bills and transfer funds to other accounts. The bank also uses sophisticated firewalls and 128-bit SSL encryption to ensure the security of your funds.

There are three ways to register for BDCU Alliance Bank Internet Banking:

  • Download a form. Complete a downloadable form and submit it by post or in person.
  • Visit an Advice Centre. Visit your nearest BDCU Advice Centre to register in person.
  • Phone BDCU. Phone BDCU’s customer service line to be talked through the sign-up process.

Notable features include:

  • Secure worldwide account access 24/7
  • View or print account balances and transaction history
  • Pay bills via BPAY
  • Transfer funds to other individuals or businesses
  • View interest earned or charged

What transaction accounts are offered by BDCU Alliance Bank?

RediAccess / Cheque Account

This basic transaction account provides easy and convenient access to your cash. Funds are available at call, there’s an optional cheque book available and there are no minimum balance requirements.

Concession Account

Designed for customers who receive an Australian Government pension, this account features funds available at call and no minimum monthly or opening balance requirements. Access is by card, Internet and phone banking, while an optional cheque book is also available.

FLEX Account

If the total value of loans and deposits you hold with BDCU exceeds $2,000, this account doesn’t charge any transaction fees. Other features include no opening or monthly balance requirements, card access and an optional cheque book.

Mortgage Offset Account

This transaction account can be linked to your BDCU home loan and provide a 100% offset benefit. There are no monthly fees, no fees for eligible transactions and no minimum balance requirement.

MiniAccess Account

Designed for customers who perform few transactions, this account has minimal fees and no minimum opening or monthly balance. Your funds are available at call and a variable interest rate applies.

Retirement Account

Designed to help members over the age of 55 enjoy their retirement, this account offers hassle-free everyday banking. Your funds are available at call and there is no minimum opening balance.

What high-interest savings accounts are offered by BDCU Alliance Bank?

My Community Savings Account

This online savings account allows you to provide support to a nominated community organisation. It has no opening or monthly balance requirements, no monthly fees, and your funds are available at call.

Bonus Saver Account

This account pays bonus interest every month you deposit at least $50 and make no withdrawals. There is no minimum monthly balance requirement and no monthly transaction fee, and interest is calculated daily.

Junior Bonus Saver Account

This under-18s account pays bonus interest every month you deposit at least $10 and make no withdrawals. There is no minimum monthly balance requirement and no monthly transaction fee, while interest is calculated daily.

Bonus eAccess Savings Account

Available with PersonalSMART or HomeSMART loan packages, this account allows you to earn bonus interest on your savings. There are no minimum balance requirements and no monthly transaction fee.

Christmas Club Account

Designed to help you save money for Christmas, this account has access restrictions to stop you dipping into your savings. It features a competitive variable rate and there are no minimum balance requirements.

What term deposits are offered by BDCU Alliance Bank?

If you want to securely invest your money in a term deposit, BDCU Alliance Bank offers term-deposit accounts with terms ranging from 1 to 48 months. With a minimum investment of $1,000, interest rates vary depending on your deposit amount and term chosen. You can also select to have interest paid on maturity, six-monthly or monthly.

What are the pros and cons of banking with BDCU Alliance Bank?

Pros

  • Wide range of options. BDCU offers an extensive range of transaction accounts and savings accounts, as well as a wide choice of terms on a term-deposit account.
  • Personalised service. As a member-owned institution, BDCU aims to offer friendly and personalised customer service to all members.
  • No minimum monthly balance. There are no minimum monthly balance requirements on any BDCU savings accounts, while many accounts also do not have any minimum opening balance requirements.

Cons

  • Small branch network. With a branch network in the Southern Highlands of NSW, BDCU’s Advice Centres may not be easily accessible for all customers.

How do I apply for an BDCU Alliance Bank account?

If you’d like to apply for a savings account with BDCU Alliance Bank, you can do so in three ways:

  • Download a form. Download, print and complete an application form before submitting it by post or in person.
  • Visit an Advice Centre. Visit your nearest BDCU Advice Centre to register in person.
  • Phone BDCU. Phone BDCU if you’d like to be guided through the process.

BDCU Alliance Bank offers competitive savings and transaction accounts with a range of flexible features. However, remember to compare accounts at finder.com.au to find the right product for you.

Savings Account Offers

Important Information*
ING Savings Maximiser

Maximum Variable Rate

2.80

Standard Variable Rate

1.00
AMP Saver Account

Maximum Variable Rate

2.55

Standard Variable Rate

2.10
Bankwest Hero Saver

Maximum Variable Rate

2.60

Standard Variable Rate

0.01
HSBC Serious Saver

Maximum Variable Rate

3.10

Standard Variable Rate

1.40

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