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Compare Circle Alliance Bank Accounts

Help your nest egg grow with a competitive savings account from Circle Alliance Bank.

Set up by members more than 50 years ago, Circle Alliance Bank now offers banking products and services to more than 5,000 customers around Australia. With branches in Deer Park, Victoria, and Murarrie, Queensland, it is backed by Bendigo and Adelaide Bank.

Who is Circle Alliance Bank?

Circle Alliance Bank is part of the Alliance Bank Group. This Group was formed following the alliance of four independent mutual entities (Circle Mutual Limited, BDCU Limited, AWA Mutual Limited and Service One Mutual Limited) with Bendigo and Adelaide Bank. This partnership means that Circle Alliance Bank can offer an extensive range of banking products on behalf of Bendigo and Adelaide Bank, but it also gets to maintain its history and presence in the community.

As well as home loans, personal loans, credit cards and insurance solutions, Circle Alliance Bank offers a number of transaction and savings accounts. These accounts combine a variety of flexible features with easy access to your funds, including the ability for Circle customers to use rediATMs Australia-wide without incurring any fees.

Rates last updated March 23rd, 2019
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
RaboDirect High Interest Savings Account
$0 / $0
Maximum variable rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
Suncorp Growth Saver Account
$0 / $0
Ongoing, variable 2.60% p.a. when you make a total deposit of at least $200 and make no more than one withdrawal. Available on the entire balance.
HSBC Serious Saver
$0 / $0
Receive a maximum variable rate of 3.10% p.a. for 4 months, reverting to an ongoing rate of 1.20% p.a. for each month you don't make any withdrawals from the account. Available on balances below $1,000,000.
Bank of Queensland Fast Track Saver Account
$0 / $0
Ongoing, variable 3.00% 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.
AMP Saver Account
$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.
Citibank Online Saver
$0 / $0
Introductory rate of 2.90% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $500,000.
Bankwest Hero Saver
$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.
AMP Bett3r Account
$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.
HSBC Flexi Saver Account
$0 / $0
Ongoing, variable 2.50% 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.
Bank of Queensland Fast Track Starter Account (for 14-24 year olds only)
$0 / $0
Only available to those aged 14-24. Ongoing, variable 4.00% p.a. when you link to an BOQ Day2Day Plus Account and deposit $200+ into the Day2Day account each month from an external account. Interest rate only applies for balances up to $10,000. Balances between $10,001 and $250,000 will earn an interest rate of up to 2.80% p.a. when deposit conditions are met.

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What is Internet banking like for Circle Alliance Bank?

Every Circle Alliance Bank customer can manage their accounts via the bank’s Internet banking portal. This allows you to check your balance, transfer funds and update your account details online.

Notable features include:

  • Pay bills via BPAY and transfer funds
  • Personalise your accounts to make it easier to manage your money
  • Update your account details
  • SSL encryption for security of funds

What savings & transaction accounts are offered by Circle Alliance Bank?

Everyday Account

A Circle Alliance Bank General Account offers a Visa debit card and provides easy access to your account via electronic and physical means. A monthly fee applies per card linked to the account and the minimum balance required is $1.

Budget Account

The Budget Account is a transaction account that offers easy access via a chequebook, phone and Internet banking. It has a minimum balance requirement if $1 and does not charge any monthly fees.

Internet Savings Account

This high-interest online savings account provides a competitive variable interest rate and no monthly fees. It also allows direct payroll deposits and BPAY access, and has a minimum balance requirement of $2,000.

Christmas Club Account

Designed to help you save money so you can cope with the cost of Christmas, the Christmas Club Account combines a competitive variable rate with no monthly fees. You can only access your balance between November 1 and December 31 each year.

Seniors Bank Account

Earn tiered interest on this interest-bearing account from Circle Alliance, and be rewarded with a higher rate of interest on larger deposit amounts.

Youth Account

Receive ongoing interest on the funds in your account, with no minimum balance or minimum opening deposit.

What term deposits are offered by Circle Alliance Bank?

If you want the security of a guaranteed rate of return, Circle Alliance Bank offers term deposits with terms ranging from one month to five years. The minimum investment amount is $1,000 and interest rates vary depending on the amount you deposit and the term you select.

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


  • Wide range of accounts. From accounts for everyday use through to savings accounts for everyone from Christmas shoppers to pensioners, Circle Alliance Bank offers extensive choice.
  • Long history. Circle Alliance Bank has been looking after the financial needs of customers for more than 50 years.
  • Backed by Bendigo and Adelaide Bank. As part of the Alliance Bank Group, Circle Alliance Bank can offer products and services on behalf of Bendigo and Adelaide Bank.


  • No mobile banking. Circle Alliance Bank does not have a mobile banking app.

How do I apply for a Circle Alliance Bank account?

If you’d like to apply for a savings account with Circle Alliance Bank, click the “Apply now” link on this page and you will be taken to the Circle Alliance Bank website. You can then download an account application form. Complete this form with your membership details and the type of account you’d like to open.

If you’re a new member, a membership application form is also available from the bank’s website. You’ll need to provide your name, contact details, date of birth and proof of ID when filling out this form.

Circle Alliance Bank offers a wide variety of accounts to suit the savings and transaction needs of an even broader range of people. Compare its accounts with other products from Australian financial institutions to ensure that you find the best account for your money.

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