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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.

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 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.

Cash Management Account

A Cash Management Account from Circle Alliance Bank combines a competitive variable interest rate with easy access to your funds at any time. Interest rates are tiered depending on your account balance and you’ll need to provide 24 hours’ written notice before making a withdrawal.

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

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.

30 Day Account

This account provides a competitive interest rate on your savings balance but requires you to provide 30 days notice before you can withdraw any funds. The interest rate on your account is reviewed monthly.

Pensioner Plus Savings Account

Designed for members who receive a government pension or allowance, the Pensioner Plus Savings Account offers a competitive interest rate on your account balance. It also offers a range of fee-free access options but a monthly fee applies per card linked to your account.

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.

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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