In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Border Bank Safeguard

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Summary

Protect yourself from unexpected fees with a multi-purpose account that safeguards your savings.

Border Bank Safeguard is a specialised savings account that allows you at call access while ensuring you’re never subjected to exception fees. Setting up bill payments and RediCard use is available, yet your account will never be overdrawn. This is ideal if you are trying to work your finances in a budget.

Pros

  • $0 account keeping fee
  • Avoid hefty fees

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Border Bank Safeguard Account
Maximum Variable Rate 0.01% p.a.
Standard Variable Rate 0.01% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Account keeping fees

You will not be charged any monthly or yearly account keeping fees when using the Safeguard account.

Reduced fees program

You can qualify for fee rebates and free ATM and EFTPOS transactions by maintaining a combined monthly balance of $5,000 in your Border Bank accounts.

How to apply

Eligibility

Existing members of Border Bank will find it easy to apply for the Safeguard through their online banking platform. If you are not already a member you can apply online for a membership and your new account. Before beginning, check the following eligibility requirements to ensure that your application will be accepted:

  • Minimum age. You must be 18 years or older in order to have the Safeguard account opened in your name.
  • Residency requirements. Border Bank requires that all account holders be Australian residents with a residential address.

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Alison Finder

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Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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