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

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 December 10th, 2019
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Easy Street Everyday Access
Visa
$0
$0
24/7 access to your transaction account with Google Pay, Samsung Pay and Apple Pay available. Enjoy Unlimited free electronic transactions.

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Rates last updated December 10th, 2019
$
$
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
1.40%
1.40%
0.00%
$0
$0 / $2
Earn an ongoing interest rate of 1.40%. Available on the entire balance.
Easy Street Bonus Saver Account
1.80%
0.01%
1.79%
$0
$0 / $2
Ongoing, variable 1.80% p.a. 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 December 10th, 2019
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Easy Street Everyday Access
Visa
$0
$0
24/7 access to your transaction account with Google Pay, Samsung Pay and Apple Pay available. Enjoy Unlimited free electronic transactions.

Compare up to 4 providers

Rates last updated December 10th, 2019
$
$
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
1.40%
1.40%
0.00%
$0
$0 / $2
Earn an ongoing interest rate of 1.40%. Available on the entire balance.
Easy Street Bonus Saver Account
1.80%
0.01%
1.79%
$0
$0 / $2
Ongoing, variable 1.80% p.a. when you deposit 50+ each month and make no withdrawals. Available on balances up to $5,000,000.

Compare up to 4 providers

Rates last updated December 10th, 2019
$
$
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
UBank USaver
2019 Winner
UBank USaver
2.10%
1.04%
1.06%
$0
$0 / $0
Ongoing, variable 2.10% p.a. when you link your USaver account to a UBank Ultra transaction account and transfer at least $200 per month into either account. The linked transaction account has no monthly fees and no international fees. Bonus interest available on balances up to $200,000.
AMP Saver Account
2.36%
1.40%
0.96%
$0
$0 / $0
Introductory rate of 2.36% p.a. for 4 months, reverting to a rate of 1.40% p.a. The bonus rate offer is for new AMP Saver customers only, and applies to the first $250,000 deposited.
Rabobank Online Savings High Interest Savings Account
2.50%
1.05%
1.45%
$0
$0 / $0
Maximum variable rate of 2.50% p.a. for 4 months, reverting to a rate of 1.05% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
MyState Bank Bonus Saver Account
2.00%
0.30%
1.70%
$0
$0 / $0
Ongoing, variable 2.00% 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.
Suncorp Growth Saver Account
1.95%
0.20%
1.75%
$0
$0 / $0
Ongoing, variable 1.95% p.a. when you grow your balance by at least $200 (excluding interest) and make no more than one withdrawal in the month. Available on the entire balance.
Bankwest Hero Saver
1.85%
0.01%
1.84%
$0
$0 / $0
Ongoing, variable 1.85% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
IMB Reward Saver Account
2.00%
0.90%
1.10%
$0
$0 / $1
Introductory rate of 2.00% p.a. for the first 4 months when you deposit $50+ each month and make no withdrawals per month. Available on balance of $5,000 or higher.
ANZ Progress Saver
1.60%
0.01%
1.59%
$0
$10 / $10
Ongoing, variable 1.60% p.a. when you deposit $10+ each month and make no withdrawals. Available on the entire balance.

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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 about the mobile app?

Image Source: App Store
Login Accounts Cards

What transaction accounts offered by Easy Street?

  • Everyday Access Account. Make unlimited free EFTPOS transactions, BPAY transactions, internal and external online banking transactions, electronic deposits including payroll, direct debits, periodical payments as well as pay anyone transactions. There is a monthly account keeping fee for this account.

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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