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Greater Bank savings and bank accounts

Newcastle-based Greater Bank offers a couple of different everyday bank accounts as well as two types of savings accounts.

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Greater Bank savings accounts, bank accounts and term deposit.

1 - 4 of 4
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Greater Bank Life Saver
Maximum Variable Rate p.a.
4.75%
Standard Variable Rate p.a.
4.75%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make one deposit each month
  • No withdrawals
View details
Greater Bank Bonus Saver
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
0.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1
  • No withdrawals
View details
Greater Bank Cash Management Account
Maximum Variable Rate p.a.
0.01%
Standard Variable Rate p.a.
0.01%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Greater Bank Retirement Plus
Maximum Variable Rate p.a.
2.40%
Standard Variable Rate p.a.
2.40%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 4 of 4 results
1 - 2 of 2
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Greater Bank Access Account
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Greater Bank Ultimate Access Account
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
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Showing 2 of 2 results
1 - 1 of 1
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Greater Bank Term Deposit $5,000
$5,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.50%
5 Mths p.a.
3.50%
6 Mths p.a.
4.60%
7 Mths p.a.
3.80%
12 Mths p.a.
4.50%
24 Mths p.a.
4.00%
More Info
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Showing 1 of 1 results
1 - 12 of 14
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Bank of Queensland Future Saver Account - 14 to 35 years
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
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
  • N/A
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
Go to siteView details
Bendigo Bank Reward Saver
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.30%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • Requires Bendigo transaction account
Go to siteView details
Australian Unity Freedom Saver ($50,000 - $250,000)
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
5.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200
Go to siteView details
St.George Maxi Saver
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.10%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online
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
AMP Saver Account
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
1.20%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1000 in previous month
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
Go to siteView details
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Showing 12 of 14 results

Quick facts about Greater Bank

  • Greater Bank is a member-owned, mutual bank that has been operating for more than 75 years.
  • Greater Bank is based in Newcastle, New South Wales
  • It started off as a Greater Building Society with a focus on mortgages, and transitioned into Greater Bank in 2016
  • Greater Bank has more than 260,000 customers and more than $7 billion in assets under management

Accounts offered by Greater Bank

Greater Bank Access Account

This is a low-fuss everyday account that has no account keeping fees. You can choose between a Visa debit card or Access card for withdrawals and purchases with low fees for your transactions.

Read our full review of the Greater Bank Access Account.

Greater Bank Ultimate Access Account

This account does charge a monthly account keeping fee, however this is waived each month you deposit at least $2,000. If you meet the monthly deposit requirement there will also be no transaction fees.

Read our full review of the Greater Bank Ultimate Access Account.

Greater Bank Bonus Saver

This bonus saver accounts lets you earn a higher interest rate on your savings by making one deposit into the account each month and no withdrawals.

Read our full review of the Greater Bank Bonus Saver Account.

Greater Bank Life Saver

A Life Saver account can be opened by anyone under the age of 25. It pays a competitive interest rate on your savings each month that you grow your balance by any amount. You can keep the account once you're older than 25, but you need to be under 25 to open it in the first place.

Read our full review of the Greater Bank Life Saver Account.

Greater Bank Term deposit

You can open a term deposit with Greater Bank with as little as a $1,000 investment. Your money will be locked away for the length of the term you choose, which range from one month to five years, with a fixed interest rate. You can also choose to have monthly interest payments made directly to you, adding a little more to your income.

Read our full review of the Greater Bank Term Deposit.

Different ways to bank with Greater Bank

Greater Bank offers many different ways to do your banking.

Greater Bank bank branches

Greater Bank has roughly 50 bank branches spread across NSW and QLD. The large majority are based in the Hunter New England region and the Central Coast, with only 2 in Sydney.

Greater Bank ATM network

Greater Bank has roughly 100 ATMs around NSW and south-east QLD. Customers can also withdraw cash from 10,000 Westpac, CommBank and NAB ATM's for free with their Australian debit card.

Bank@Post

If you need to deposit cash into your account and don't have a branch , you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.

Greater Bank Internet and mobile banking

Greater Bank Internet Banking can be used 24/7 to monitor your accounts, move money between accounts, pay bills, download recent statements and apply for new Greater Bank products.

The Greater Bank app is free to download and can be used to manage your accounts anywhere at anytime. The app has a 4 star rating in the Google Play store, and a 3.3 star rating on the App Store.

Greater Bank contactless payment options

Greater Bank offers Google Pay and Apple Pay to customers with a Greater Bank debit card.

Pros and cons of banking with Greater Bank

Pros

  • Avoid account keeping fees. There are no account keeping fees on the Access account, and the fee can also be waived on the Ultimate Access Account if you meet the conditions.
  • ATMs and branches. Greater Bank still offers more than 100 branches and ATMs for customers in NSW and south-east QLD.
  • Variety of accounts. Greater Bank offers more than just the one transaction account, so you can choose which is right for you.
  • Savings rates. The Life Saver account often offers a competitive savings rate compared to others in the market.

Cons

  • Not Australia-wide. Greater Bank has no branches or ATMs outside of NSW and QLD, and some accounts require you to be based in these states.
  • Monthly deposit condition. There is a large monthly deposit condition to meet with the Ultimate Access Account in order to have the fees waived.

How to apply for a Greater Bank account online

You can apply for a new account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

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6 Responses

    Default Gravatar
    TatianaNovember 24, 2022

    Do you have a Government Guarantee for investment up to 250000.00?

      AvatarFinder
      AlisonDecember 2, 2022Finder

      Hi Tatiana,

      Yes, your deposit of up to $250k in a Greater Bank term deposit or savings account is included in the government guarantee scheme.

      Thanks,
      Alison

    Default Gravatar
    CraigNovember 3, 2022

    Iam ready to retire, and wanted to get the best interest for my money because have 5 years before l get a pension.do you have any ideas on your best investment for a weekly payment.

      AvatarFinder
      AlisonNovember 11, 2022Finder

      Hi Craig,

      If you’re looking at Greater Bank it does offer a few interest-earnings accounts. There’s a Bonus Saver Account or a Term Deposit.

      The savings account pays interest monthly (provided you meet the account conditions) and the Term Deposit pays interest monthly, six-monthly, or at maturity (not weekly).

      Hope that helps,
      Alison

    Default Gravatar
    AdeleDecember 30, 2021

    Does greater bank do careless cash

      AvatarFinder
      AlisonJanuary 12, 2022Finder

      Hi Adele,

      No. However, they currently offer mobile wallets which allow you to make contactless payments.

      Best,
      Alison

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