Compare BDCU Alliance Bank Savings Accounts

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

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 August 26th, 2019
$
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 August 26th, 2019
$
$
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
1.15%
1.15%
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
0.70%
0.70%
$0
$0 / $0
A savings account that helps you set aside money for Christmas with an interest rate of 0.70% p.a.

Compare up to 4 providers

Rates last updated August 26th, 2019
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a. Interest Earned
BDCU Alliance Bank Term Deposit (I22)
1.35%
-
1.35%
1.35%
1.35%
1.35%

Compare up to 4 providers

Rates last updated August 26th, 2019
$
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 August 26th, 2019
$
$
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
1.15%
1.15%
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
0.70%
0.70%
$0
$0 / $0
A savings account that helps you set aside money for Christmas with an interest rate of 0.70% p.a.

Compare up to 4 providers

Rates last updated August 26th, 2019
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a. Interest Earned
BDCU Alliance Bank Term Deposit (I22)
1.35%
-
1.35%
1.35%
1.35%
1.35%

Compare up to 4 providers

Rates last updated August 26th, 2019
$
$
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
Rabobank Online Savings High Interest Savings Account
2.75%
1.30%
1.45%
$0
$0 / $0
Maximum variable rate of 2.75% p.a. for 4 months, reverting to a rate of 1.30% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
UBank USaver
2019 Winner
UBank USaver
2.41%
1.35%
1.06%
$0
$0 / $0
Ongoing, variable 2.41% p.a. when you link your USaver account to a UBank Ultra transaction account and transfer at least $200 per month into either account. The linked transaction account has no monthly fees and no international fees. Bonus interest available on balances up to $200,000.
AMP Saver Account
2.75%
1.65%
1.10%
$0
$0 / $0
Introductory rate of 2.75% p.a. for 4 months, reverting to a rate of 1.65% p.a. The bonus rate offer is for new AMP Saver customers only, and applies to the first $250,000 deposited.
HSBC Flexi Saver Account
2.15%
0.65%
1.50%
$0
$0 / $0
Ongoing, variable 2.15% p.a. when you grow your balance by $300+ per month. Earn bonus interest even if you make withdrawals during the month. Available on balances up to $5,000,000.
Suncorp Growth Saver Account
2.05%
0.20%
1.85%
$0
$0 / $0
Ongoing, variable 2.05% p.a. when you make a total deposit of at least $200 and make no more than one withdrawal. Available on the entire balance.

Compare up to 4 providers

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 about the mobile app?

Image Source: App Store
Login Page Account Balance Payments

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.

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.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site