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Compare personal savings accounts by Beyond Bank

Beyond Bank lets you choose from different kinds of transaction and savings accounts, along with specialist accounts for kids.

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Beyond Bank

Beyond Bank is amongst Australia’s largest customer owned banks. It has more than 195,000 customers, over $4 billion in assets under management and more than 600 employees. Before becoming a bank, it operated in the form of Community CPS, one of the largest credit unions in the country.

Data indicated here is updated regularly
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Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee
Beyond Bank Purple Transactor Account
Visa
$0
$0
Transaction account with no monthly account fees.
Beyond Bank Access Savings Account
Visa
$0
$0
Transaction account with a linked Visa debit card and fee allowance.
Beyond Bank Everyday Account
Visa
$0
$2,500
Can be an inexpensive way to take care of your everyday banking needs by not charging you transaction fees.
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Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Beyond Bank monEsaver Account
0.6%
0.6%
0%
$0
$0 / $0
Ongoing, variable 0.6% p.a. available on balances $5,000 plus if you link a second account with Beyond Bank that allows for internal transfers between accounts. Earn higher interest on deposits $200,000+.
Beyond Bank Community Reward Account
0.35%
0.35%
0%
$0
$0 / $0
Ongoing, variable 0.35% p.a. Available on balance up to $4,999. Earn higher interest on deposits $5,000+ and $200,000+.
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Data indicated here is updated regularly
Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Beyond Bank Term Deposit
1.05%
1.00%
1.00%
1.00%
When opening a Beyond Bank Term Deposit you get to choose terms from three to 60 months. You can invest as little as $2,000.
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Data indicated here is updated regularly
$
Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee
Beyond Bank Purple Transactor Account
Visa
$0
$0
Transaction account with no monthly account fees.
Beyond Bank Access Savings Account
Visa
$0
$0
Transaction account with a linked Visa debit card and fee allowance.
Beyond Bank Everyday Account
Visa
$0
$2,500
Can be an inexpensive way to take care of your everyday banking needs by not charging you transaction fees.
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Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Beyond Bank monEsaver Account
0.6%
0.6%
0%
$0
$0 / $0
Ongoing, variable 0.6% p.a. available on balances $5,000 plus if you link a second account with Beyond Bank that allows for internal transfers between accounts. Earn higher interest on deposits $200,000+.
Beyond Bank Community Reward Account
0.35%
0.35%
0%
$0
$0 / $0
Ongoing, variable 0.35% p.a. Available on balance up to $4,999. Earn higher interest on deposits $5,000+ and $200,000+.
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Data indicated here is updated regularly
Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Beyond Bank Term Deposit
1.05%
1.00%
1.00%
1.00%
When opening a Beyond Bank Term Deposit you get to choose terms from three to 60 months. You can invest as little as $2,000.
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Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
HSBC Serious Saver
2.1%
0.15%
1.95%
$0
$0 / $0
Receive a maximum variable rate of 2.1% p.a. for 4 months, reverting to an ongoing rate of 0.15% p.a. for each month you don't make any withdrawals from the account. Available on balances below $1,000,000.
Rabobank Online Savings High Interest Savings Account
2.25%
0.8%
1.45%
$0
$0 / $0
Maximum variable rate of 2.25% p.a. for 4 months, reverting to a rate of 0.8% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
Rabobank Online Savings High Interest Savings Account
0.55%
0.55%
0%
$0
$0 / $0
Maximum variable rate of 0.55% p.a. for 4 months, reverting to a rate of 0.55% p.a. No deposit or withdrawal conditions. Available on balances below $1,000,000
Rabobank Online Savings High Interest Savings Account
0.55%
0.55%
0%
$0
$0 / $0
Maximum variable rate of 0.55% p.a. for 4 months, reverting to a rate of 0.55% p.a. No deposit or withdrawal conditions. Available on balances below $100,000,000
MyState Bank Bonus Saver Account
1.75%
0.15%
1.6%
$0
$0 / $0
Ongoing, variable 1.75% 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.
Citibank Online Saver
2.05%
0.35%
1.7%
$0
$0 / $0
Introductory rate of 2.05% p.a. for 4 months, reverting to a rate of 0.35% p.a. Available on balances below $500,000.
Citibank Online Saver
2.05%
0.35%
1.7%
$0
$0 / $0
Introductory rate of 2.05% p.a. for 4 months, reverting to a rate of 0.35% p.a. Available on balances below $500,000.
Bankwest Hero Saver
1.25%
0.01%
1.24%
$0
$0 / $0
Ongoing, variable 1.25% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
Bankwest Hero Saver
0.01%
0.01%
0%
$0
$0 / $0
Ongoing, variable 0.01% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
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Awards that Beyond Bank has earned

  • Asia-Pacific Banking + Finance Awards, 2015. Winner of Mutual Bank of the Year Award
  • Money Magazine’s Best of the Best Awards, 2015. Its Low Rate Visa Credit card won the Best Transactor Credit Card (Bank Category)

Who is Beyond Bank?

Beyond Bank offers a considerable variety of transaction accounts and savings accounts that you can choose from as per your requirements. If you have money that you can set aside for some time, you can consider opening a Beyond Bank term deposit. This bank also provides other personal banking solutions as well as business banking, community sector banking and financial planning advice.

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What’s internet banking like for Beyond Bank?

The Beyond Bank online banking system gives you quick and easy access to your account from any internet enabled computer. This online banking system makes use of 128-bit encryption and sophisticated firewalls to keep transmission of data secure. It also employs a two-tier authentication system that makes use of text messages and security tokens.

You can use the online banking system to update personal information, to check your account balances and to go through transaction histories. The online banking platform lets you transfer funds to other Beyond Bank accounts as well as to non Beyond Bank accounts, which include transfers to international bank accounts. You can use the online platform to view e-statements and you can customise transaction alerts through email and text messages.

Notable features include:

  • Pay bills through BPAY
  • Apply for new accounts and loans
  • Activate new cards
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What about the mobile app?

Image Source: App Store
Account balanceAutomatic savingsSend & receive money
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What transaction accounts are provided by Beyond Bank?

  • Access Savings Account

This account does not attract any monthly account keeping fee and lets you earn interest on your savings. There is no minimum monthly balance requirement and you get multiple free transactions per month. Access to funds comes through a Visa debit card, online banking, phone banking, branch banking and Bank@Post locations. You can get a cheque book as well.

Approved customers can get an optional line-of-credit, and full-time students can expect fee-free banking.

  • Purple Transactor Account

This everyday transaction account has no monthly account keeping fees and no ATM fees worldwide. It comes with a free linked Visa debit card which you can use in store or online all over the world. You can link the account to Apple Pay, Samsung Par or Google Pay to make secure contactless purchases with your phone.

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What high interest savings accounts are offered by Beyond Bank?

  • Community Reward Account

When you open this account you get to nominate a participating not-for-profit group. Every year, the bank makes a donation to this group in accordance to your average annual balance. The money in this account earns competitive interest, and the account does not attract any monthly account keeping fees. You get access to your money through online banking, phone banking, branch banking and Bank@Post, with four free over-the-counter withdrawals every month.

  • monEsaver Account

This account offers a competitive interest rate for balances in excess of $5,000 and it does not charge any monthly account keeping fees. You get unlimited free transaction between your other Beyond Bank accounts via online banking and phone banking. You can also transact at Beyond Bank branches and Bank@Post outlets.

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What term deposits accounts are offered by Beyond Bank?

  • High-interest term deposits

You can open a Beyond Bank term deposit with as little as $2,000 and the term can vary in between three months and five years. You get the option of choosing when you receive interest payments, and you can track the progress of your deposit using online banking.

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What are the pros and cons of banking with Beyond Bank?

Pros

  • Variety. Beyond Bank offers different types of transaction and savings accounts to suit varied requirements.
  • Bonus interest. The Bonus Saver account lets you earn bonus interest every month, provided you meet some basic criteria.
  • Mobile banking. You don’t have to limit accessing the bank’s online system to computers. If you want to use your smartphone, you can download the Beyond Bank mobile app for free.

Cons

  • Fee waiver conditions. With some accounts, you can get fee waivers only if you meet certain conditions.
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How do I apply for Beyond Bank savings accounts?

You can apply by visiting any Beyond Bank branch and you can also apply online. Make sure you meet the eligibility criteria below:

  • You are an Australian resident
  • You meet any account specific minimum or maximum age requirement

To complete the application, you’ll have to provide the following details:

  • Your name, date of birth and details from an identification document like a driver’s license or passport
  • Your residential address, email address and phone number
  • Your tax file number (optional)

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2 Responses

  1. Default Gravatar
    rossDecember 9, 2018

    I have $500000 to place on deposit . please supply interest rates and who with for 3,4,5,and 6 month terms. (interest payable at maturity
    thanks

    • Avatarfinder Customer Care
      JohnDecember 12, 2018Staff

      Hi Ross,

      Thank you for reaching out to finder.

      The page provides a calculator that you may use to check an estimate for the 3, 4 and 6 month plan. just proceed to the “Term Deposit Interest Rate” tab to start the calculation. Hope this helps!

      Cheers,
      Reggie

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