Compare savings accounts from Gateway Credit Union

Gateway Bank Ltd began operations in 1955, and it became the C.B.O.A Credit Union Co-operative Ltd in 1959. It took to its current name of Gateway Bank Ltd only in July 1998. This credit union now has assets in excess of $800 million and more than 40,000 members. Membership is open to all Australians.

Rates last updated September 16th, 2019
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
Gateway Bank Ltd eMax Saver
$0 / $0
Get a competitive interest rate to help boost your savings.

Compare up to 4 providers

Rates last updated September 16th, 2019
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
$0 / $0
Ongoing, variable 2.41% 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.
Rabobank Online Savings High Interest Savings Account
$0 / $0
Maximum variable rate of 2.75% p.a. for 4 months, reverting to a rate of 1.30% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
AMP Saver Account
$0 / $0
Introductory rate of 2.61% p.a. for 4 months, reverting to a rate of 1.65% p.a. The bonus rate offer is for new AMP Saver customers only, and applies to the first $250,000 deposited.
HSBC Flexi Saver Account
$0 / $0
Ongoing, variable 2.15% p.a. when you grow your balance by $300+ per month. Earn bonus interest even if you make withdrawals during the month. Available on balances up to $5,000,000.
Suncorp Growth Saver Account
$0 / $0
Ongoing, variable 2.05% 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
$0 / $0
Ongoing, variable 2.10% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.

Compare up to 4 providers

Who is Gateway Bank Ltd?

Gateway Bank Ltd functions like most other credit unions, where the absence of shareholders results in competitive interest rates and low fees. It lets its members choose from different everyday and savings accounts as per their needs, and they can open term deposits as well. This credit union also offers personal loans, car loans, home loans, personal overdrafts and insurance solutions.

Back to top

What’s internet banking like for Gateway Bank Ltd?

You can use Gateway Bank Ltd’s online banking platform to access your account at any time, from any internet enabled computer. The online banking system lets you update your personal information and you can choose to view your statements online. You can find out how much money is there in your account, and you can also view your account’s transaction history.

You can use the online banking system to transfer funds to other Gateway Bank Ltd accounts as well as to accounts with other financial institutions, and you have the option of scheduling transfers. You also get to view and pay your bills using BPAY. If you want to access online banking using your smartphone, you can make use of the Gateway 2go app. If you register for e-Statements, you stop receiving paper statements, which you can resume again at any time.

Notable features include:

  • View statements online
  • Schedule fund transfers
  • Access to BPAY

What about the mobile app?

Image Source: App Store
Login Page Menu Payments
Back to top

What transaction accounts are provided by Gateway Bank Ltd?

  • Everyday Savings Account

This account does not attract any ongoing account keeping fees, and its lets you make unlimited transactions. You can get an optional Visa debit card by paying a monthly fee of $5, which you don’t have to pay if you have a home loan with this credit union. This account allows direct credit and debits, you can pay bills using BPAY and you can access funds in your account via online and phone banking. Account holders stand to earn tiered interest in accordance to their account balance.

What high interest savings accounts are provided by Gateway Bank Ltd?

  • eMax Saver Account

This savings account offers a competitive interest rate when your account balance remains over $1,000. You don’t have to pay any account keeping fees and you can make unlimited deposits and withdrawals. Access to money in your account comes via online and phone banking and you can use BPAY to pay bills. You can use this account to set up direct debits and credits.

  • Edge Overdraft Account

You stand to earn a competitive interest rate if the balance in your account exceeds $1,000, and you don’t have to pay any account keeping fees. You can make as many deposits and withdrawals as you like. Access to money in your account comes through a Visa debit card as well as online and phone banking. You can use BPAY to pay bills, and you can set up direct credits and debits.

The overdraft facility is optional and subject to approval. The minimum and maximum limits are $1,000 and $20,000, respectively. A loan establishment fee applies.

  • Dollaroo Savings Account

This account is for children up to 16 years of age and does not charge any account keeping fees. It offers a competitive interest rate, and account holders can make unlimited deposits and withdrawals.

What term deposits are offered by Gateway Bank Ltd?

  • Term Deposits

You can open a Gateway Bank Ltd term deposit with a minimum of $1,000 and the term can vary in between three months and five years. Your money remains locked away for the chosen term, while earning competitive interest. These term deposits don’t attract any ongoing account keeping fees.

Back to top

What are the pros and cons of Gateway Bank Ltd accounts?


  • No account keeping fees. Gateway Bank Ltd everyday and savings accounts don’t attract any ongoing account keeping fees, which can lead to noticeable long-term savings.
  • Unlimited transactions. No matter which everyday or savings accounts you choose, you don’t have to worry about any restrictions on the number of transactions you can make.
  • Optional overdraft facility. If you think you may need extra money from time to time, you can consider applying for the overdraft facility that comes with the Edge Overdraft Account. With this facility, you pay interest only on the money you use.


  • Limited physical presence. This credit union’s limited physical presence can work as a drawback for people who prefer banking in person.

How do I apply for Gateway Bank Ltd savings accounts?

You can initiate the application process for a Gateway Bank Ltd account online, and to do so now simply click on the ‘Go to Site’ button. Before applying, make sure you meet required eligibility criteria, as listed below:

  • You reside in Australia
  • You meet any given age requirement

Completing the application requires that you provide the following information:

  • Your name, residential address, email address and phone number
  • Your date of birth
  • Details from an acceptable form of identification document such as a driver’s license or passport
  • Your tax file number (not necessary)
Back to top

Read more on this topic

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site