In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • FAQ
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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Easy Street Bonus Saver Account

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Easy Street Bonus Saver Account

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Maximum variable rate
5.00% p.a.
Base interest rate
0.01%p.a.
Minimum deposit
$50

Our verdict

Earn bonus interest just for making a small deposit into your Easy Street Bonus Saver account every month.

Earn more interest if you can making regular deposits and make no withdrawals for the month.

Pros

  • $0 account keeping fees
  • $2 minimum opening deposit

Cons

  • No access to phone banking
  • Must deposit money into account to earn bonus interest rate

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • FAQ
  • Compare other savings accounts
  • Your reviews
  • Ask a question

The Easy Street Bonus Saver Account makes it easy to reach your savings goal by awarding you bonus interest every month you meet their minimum deposit requirement and make no withdrawals from the account. Set up a recurring payment into the account, and without any effort you can reach your savings goals quickly.

Details

Key details

Product Name Easy Street Bonus Saver Account
Maximum Variable Rate 5.00% p.a.
Standard Variable Rate 0.01% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $2
Minimum Age 18

Key features

Interest rate

A bonus interest rate of 4.99% p.a. is applied to your balance so long as you make a monthly deposit of at least $50 and take no withdrawals. If these terms are not met for the month, your account will be credited with 0.01% p.a. interest on the balance.

Interest calculation

The interest is calculated daily, and paid monthly into your account. If you qualify for the bonus interest, it will be applied to the balance of the following month.


How to apply

If no fees and bonus interest are what you are looking for in a savings account then you can start a secure application online.

Eligibility

Just ensure that you are able to meet the eligibility requirements first:

  • Membership. Easy Street is a part of a mutual and to use any of their products you must first become a member. This involves a payment of $2 and applying through the website.
  • Age restriction. You must be 18 years of age or older in order to be considered for this account.

FAQ

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Westpac Life (18-29 year olds only)
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Standard Variable Rate p.a.
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ING Savings Maximiser
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Standard Variable Rate p.a.
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IMB Reward Saver Account
Maximum Variable Rate p.a.
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Monthly Max Rate Conditions
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MyState Bank Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
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Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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St.George Maxi Saver
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Intro Period
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Government Guarantee
Monthly Max Rate Conditions
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Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online
BCU Bonus Saver
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Malcolm

March 09, 2016

Do you have debit cards


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Shirley Liu Finder

March 09, 2016

Hi Malcolm,


Thanks for your question.


While the Easy Street Bonus Saver Account does not come with a linked debit card. The Easy Street Everyday Access has an available Visa debit card which will be mailed to your address after Easy Street opens your account.


You may also compare accounts with debit cards you can apply. Please ensure to read through the relevant product disclosure statement and terms and conditions of the card to ensure that you got everything covered before your application.


I hope this helps.


Cheers,

Shirley


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