Easy Street – Online Savings and Easy Access accounts

All of your banking needs online makes it easy to manage your money with Easy Street.

Easy Street is an online financial institution operated by the Community First Credit Union. They offer many of the same products that a bank does, with the flexibility of around the clock access. By being affiliated with an Australian financial institution, you still get the government guarantee on deposits of up to $250,000 when you save with Easy Street.

Rates last updated May 25th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Easy Street Everyday Access
24/7 access to your transaction account, unlimited free electronic transactions.
Visa $1.75 $0 Up to 5 freeATM withdrawals per month via the rediATM network. More
$
$
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
Easy Street Easy Savings
2.00%
2.00%
0.00%
$0
$0 / $2
Ongoing, variable rate of 2.00% with no fees and available on balances up to $5,000,000.
Easy Street Bonus Saver Account
2.65%
0.01%
2.64%
$0
$0 / $2
Ongoing, variable when you deposit 50+ each month and make no withdrawals. Available on balances up to $5,000,000.

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Rates last updated May 25th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Easy Street Everyday Access
24/7 access to your transaction account, unlimited free electronic transactions.
Visa $1.75 $0 Up to 5 freeATM withdrawals per month via the rediATM network. More
$
$
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
Easy Street Easy Savings
2.00%
2.00%
0.00%
$0
$0 / $2
Ongoing, variable rate of 2.00% with no fees and available on balances up to $5,000,000.
Easy Street Bonus Saver Account
2.65%
0.01%
2.64%
$0
$0 / $2
Ongoing, variable when you deposit 50+ each month and make no withdrawals. Available on balances up to $5,000,000.

Compare up to 4 providers

$
$
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
ING DIRECT Savings Maximiser
3.00%
1.50%
1.50%
$0
$0 / $0
Ongoing, variable 3.00% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month. Available on balances up to $100,000.
Bankwest Hero Saver
2.65%
0.01%
2.64%
$0
$0 / $0
Ongoing, variable 2.65% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
ME Online Savings Account
3.05%
1.30%
1.75%
$0
$0 / $0
Ongoing, variable 3.05% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit MasterCard using tap & go. Available on balances up to $250,000.
Bank Australia Bonus Saver Account
2.60%
0.15%
2.45%
$0
$0 / $1
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
Citibank Online Saver
2.85%
1.70%
1.15%
$0
$0 / $0
Introductory rate of 2.85% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
NAB Reward Saver
2.55%
0.50%
2.05%
$0
$0 / $0
Ongoing, variable 2.55% p.a. when you make at least one deposit by the second last banking day of the month and make no withdrawals. Available on the entire balance.
Bank Australia Online Saver Account
1.65%
1.65%
0.00%
$0
$150,000 / $5,000
Ongoing, variable rate up to 1.65% p.a. when you link to a Bank Australia Everyday Access or Pension Access or a mortgage offset account. Available on balances more than $5,000.
Bank Australia mySaver Account
2.60%
0.15%
2.45%
$0
$0 / $10
Ongoing, variable 2.60% p.a. when you deposit $10+ each month and make no withdrawals. Available on balances $10+ and to customers under the age of 25.
HSBC Serious Saver
2.50%
1.60%
0.90%
$0
$0 / $0
Introductory rate of 2.50% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
NAB iSaver
1.90%
1.20%
0.70%
$0
$0 / $0
Introductory rate of 1.90% p.a. for 4 months, reverting to a rate of 1.20% p.a. Available on balances below $20,000,000.
MyState Special eSaver Account
2.50%
2.50%
0.00%
$0
$0 / $0
Ongoing, variable rate of 2.50% p.a. Available on a balance over $50,000.
ANZ Progress Saver
1.81%
0.01%
1.80%
$0
$10 / $10
Ongoing, variable 1.81% p.a. when you deposit $10+ each month and make no withdrawals. Available on the entire balance.
Westpac eSaver
2.51%
1.00%
1.51%
$0
$0 / $0
Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
BankSA Maxi Saver
2.75%
1.00%
1.75%
$0
$1 / $1
Introductory rate of 2.75% p.a. for 3 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
ANZ Online Saver
2.55%
1.15%
1.40%
$0
$0 / $0
Introductory rate of 2.55% p.a. for 3 months, reverting to 1.15% p.a. Available on the entire balance.
Bank of Melbourne Maxi Saver
2.75%
1.00%
1.75%
$0
$1 / $1
Introductory rate of 2.75% p.a. for 3 months, reverting to 1.00% p.a. Available on the entire balance.
BankSA Incentive Saver Account
1.75%
0.01%
1.74%
$0
$0 / $0
Ongoing, variable 1.75% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
Bank of Melbourne Incentive Saver
1.75%
0.01%
1.74%
$0
$1 / $1
Ongoing, variable 1.75% p.a. when you make at least one deposit and no withdrawals each month. Available on the entire balance.
Westpac Reward Saver
1.75%
0.01%
1.74%
$0
$0 / $0
Ongoing, variable 1.75% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
HSBC Flexi Saver Account
2.00%
1.50%
0.50%
$0
$0 / $0
Ongoing, variable 2.00% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.

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About Easy Street

Owned and operated by Sydney’s largest community based credit union, you will find it is easy to save through Easy Street. Their no fee savings accounts with options such as bonus interest for small deposits or withdrawals without penalty, provide flexibility in the way you meet your financial goals.

What’s internet banking like for Easy Street?

Easy Street Internet Banking gives customers the ability to view existing balances and they can review their transaction history in great detail. You can see how much interest your deposits are earning, you can transfer money to other financial institutions, from other financial institutions and you can redraw loan payments in advance. About internet banking transfers, daily limits apply. The use of the latest in digital encryption technology keeps all transmitted data secure.

Notable features include:
  • Confirm payroll and other direct credits along with their allocations
  • Print account transaction details
Awards that Easy Street has earned
  • The Best of the Best 2008 Gold Winner. Cheapest non-bank personal loan

What transaction accounts offered by Easy Street?

  • Everyday Access Account. Use a Visa debit card to make purchases or cash withdrawals at over 3,500 ATMs across Australia. There is a fee for maintaining this account monthly, plus other charges if you use the RediATM network more than five times in one month.

What high interest savings accounts are offered by Easy Street?

  • Easy Savings Account. You get a competitive interest rate applied to your balance no matter how much you put away each month. There are no fee penalties when you make a withdrawal and no minimum account balance to maintain.
  • Bonus Saver Account. Ideal if you are working towards a goal as this account gives you bonus interest as an incentive to deposit $50 monthly and make no withdrawals. This resets every month, allowing you access in an emergency with the chance to make it up the next month.
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What are the pros and cons of Easy Street accounts?

Pros

  • Fees and penalties. Easy Street allows you to save the way you want, without having to pay extra fees and penalties.
  • Bonus interest. The opportunity to meet your goal faster with extra interest applied for being diligent with your savings.
  • Phone assistance. Although there is no branch to visit, you can get assistance over the phone six days a week.
  • E-statements. You can pull up your e-statement online at any time to see all of your recent transactions and balances.

Cons

  • Credit union membership. You must first become a member of Community First Credit Union before you can bank with Easy Street.
  • No branches. There are no physical branches to visit if you wish to speak with someone face to face about your accounts.
  • No term deposit account. A term deposit is an important product for those seeking a long term savings plan with high interest rates.
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How do I apply for Easy Street Savings accounts?

With Easy Street, all applications are accepted online and will take approximately five minutes to fill out by following a few easy steps.

  • Become a member. You will have to first provide Easy Street with an account where they can deduct the $2 member share in order for you to become a part of the credit union.
  • Identity verification. Your identity will be verified online by using information found on your passport or driver’s licence.
  • Opening the account. Easy Street will notify you through email once they have been able to confirm your identity electronically. Once they have done so your new account details will be provided to you in one business day.

Ensure that you have compared the benefits and features of Easy Street savings accounts with other banks before going forward. This will give you a clearer idea of all the options available when meeting your savings plans.

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Read more on this topic

Savings Account Offers

Learn about our information service
ING DIRECT Savings Maximiser

Maximum Variable Rate

3.00

Standard Variable Rate

1.50
ME Online Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.30
Bankwest Hero Saver

Maximum Variable Rate

2.65

Standard Variable Rate

0.01
Citibank Online Saver

Maximum Variable Rate

2.85

Standard Variable Rate

1.70

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