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Easy Street: Online savings and easy access accounts

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

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Easy Street

Easy Street is an online financial institution operated by the Community First Bank. 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.

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Easy Street Easy Savings
Maximum Variable Rate p.a.
2.00%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Easy Street Bonus Saver Account
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.01%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50+ each month
  • No withdrawals
  • Balances up to $5,000,000
View details
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Showing 2 of 2 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Easy Street Everyday Account
Easy Street logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
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Showing 1 of 1 results
1 - 12 of 13
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
Get 5.5% on your savings (up to $100K) when you deposit $500 per month. Get 5.00% on savings between $100K and $250K.
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.85%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
4.70%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
Eligible customers can receive $50 cashback when they open an Orange Everyday and a Savings Maximiser account together before 31st July 2024. Customers must make 5 settled transactions and keep the accounts active for 60 days from opening.
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Kick Start
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20+ each month
  • No withdrawals
Go to siteView details
First Option Bank Savings+Bonus Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
Go to siteView details
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
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Showing 12 of 13 results

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
LoginAccountsPayments

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 Bank 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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Written by

Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

More guides on Finder

  • Easy Street Everyday Account

    The Easy Street Every Access Accounts lets you access cash easily. It also simplifies how you shop and pay bills.

  • Easy Street Bonus Saver Account

    Easy Street offers you a good incentive to save with a competitive bonus interest rate and no monthly fees or transaction charges to your account.

  • Easy Street Easy Savings Account

    Not everyone has a specific saving goal in mind, potentially making this a good option to look into if you just want to put away some money in a safe place when you can.

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