Compare Greater Bank Everyday Products

Information verified correct on December 4th, 2016

Treat your finances with a mutual bank that values service and convenience above everything else.

Greater Bank has been helping Australians meet their financial goals for over 70 years. A member owned mutual bank, they provide the same services and products that big banks do, with a personal touch. Plus as an Australian financial institution they offer you the same protection with the Government Guarantee on your deposits.

Rates last updated December 4th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Greater Bank Access Account
Everyday bank account with convenient access to money.
Visa $0.50 $0 No monthly fee but some transaction fees do apply. Access to Greater Bank network. More
Greater Bank Ultimate Access Account
An everyday account where you an avoid fees and have unlimited access to your funds.
Visa $0.50 $0 No transaction fees when you deposit at least $2,000 per month. More
Greater Bank Retirement Plus
Great if you're over 55 years of age and want to earn a higher rate on your savings.
Visa $0.50 $0 Low transaction fees with no monthly account keeping fees. Access to Greater Bank ATM networks. More
Rates last updated December 4th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Greater Bank Bonus Saver
Ongoing, variable 2.20% p.a. when you deposit $1+ each month. Available on the entire balance.
2.20% 2.20% 0.00% $0 $1 / $1 More
Greater Bank Life Saver
Ongoing, variable 3.00% p.a. when you link to Greater Bank Access Account and deposit $1+ each month. Available on the entire balance.
3.00% 3.00% 0.00% $0 $1 / $1 More
Greater Bank Cash Management Account
Ongoing, variable 1.00% p.a.. Available on balance $500,000 +
1.00% 1.00% 0.00% $0 $50,000 / $1 More
Greater Bank Little Bucks Account
Ongoing, variable 1.00% p.a.. Available on balance above $1,000.
1.00% 1.00% 0.00% $0 $1,000 / $1 More
Greater Bank Christmas Club Account
Ongoing, variable 0.50% p.a.. Available on the entire balance.
0.50% 0.50% 0.00% $0 $1 / $1 More
Rates last updated December 4th, 2016
$
3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Greater Bank Term Deposit
Greater Bank Term Deposit
0.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% $1,000 More
Rates last updated December 4th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
Greater Bank Access Account
Everyday bank account with convenient access to money.
Visa $0.50 $0 No monthly fee but some transaction fees do apply. Access to Greater Bank network. More
Greater Bank Ultimate Access Account
An everyday account where you an avoid fees and have unlimited access to your funds.
Visa $0.50 $0 No transaction fees when you deposit at least $2,000 per month. More
Greater Bank Retirement Plus
Great if you're over 55 years of age and want to earn a higher rate on your savings.
Visa $0.50 $0 Low transaction fees with no monthly account keeping fees. Access to Greater Bank ATM networks. More
Rates last updated December 4th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Greater Bank Bonus Saver
Ongoing, variable 2.20% p.a. when you deposit $1+ each month. Available on the entire balance.
2.20% 2.20% 0.00% $0 $1 / $1 More
Greater Bank Life Saver
Ongoing, variable 3.00% p.a. when you link to Greater Bank Access Account and deposit $1+ each month. Available on the entire balance.
3.00% 3.00% 0.00% $0 $1 / $1 More
Greater Bank Cash Management Account
Ongoing, variable 1.00% p.a.. Available on balance $500,000 +
1.00% 1.00% 0.00% $0 $50,000 / $1 More
Greater Bank Little Bucks Account
Ongoing, variable 1.00% p.a.. Available on balance above $1,000.
1.00% 1.00% 0.00% $0 $1,000 / $1 More
Greater Bank Christmas Club Account
Ongoing, variable 0.50% p.a.. Available on the entire balance.
0.50% 0.50% 0.00% $0 $1 / $1 More
Rates last updated December 4th, 2016
$
3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Greater Bank Term Deposit
Greater Bank Term Deposit
0.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% $1,000 More
Awards that Greater Bank has earned
  • Roy Morgan Customer Satisfaction Awards - Building Society / Credit Union of the Year 2015
  • Australian Lending Awards – Best Mutual 2015
  • Roy Morgan Research – Building Society of the Year 2014
  • Roy Morgan Research – Building Society of the Year 2013
  • Asia-Pacific Banking & Finance – Building Society of the Year 2012
  • Asia-Pacific Banking & Finance – Building Society of the Year 2011
  • Smart Investor Blue Ribbon Awards – Building Society of the Year 2010

Who is Greater Bank?

No matter what your savings goals are, Greater Bank will help you meet them. They have a variety of accounts geared towards helping you build a nest egg, with incentives like higher interest rates to keep you motivated. You pay no fees with any of their savings accounts, yet have the advantage of competitive interest rates just like the big banks.

What about the mobile app?

Image Source: App Store
 
Login pageAccount balanceLocating the near ATMTransfers and overseas transfers
loggreateracctgreateratmgreatertransfergreater
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What transaction accounts are offered by Greater Bank?

  • Access Account. This simple to use everyday account allows for free internet and phone banking for 24 hour access. You can also choose between a Visa debit card or Access card for withdrawals and purchases with low fees for your transactions.
  • Ultimate Access Account. Deposit at least $2,000 a month are you will be free from any transaction fees with this account. You can also use features like BPAY, EasyPay, and Third Party to easily make your monthly payments right from your account.
  • Retirement Plus Account. With this account you are given all of the flexibility of the Access Account plus interest payments on your balance. Transaction fees do apply, but you are given a fee allowance to help offset your costs.

What high interest savings accounts are offered by Greater Bank?

  • Bonus Saver. Earn a higher interest rate on your savings by making one deposit into this account each month and no withdrawals. There is even more incentive to save with no monthly or transaction fees charged for this account.
  • Life Saver. A Life Saver account can be opened for anyone from birth to the age of 25 with just one dollar, and can be linked to an Access Account to make withdrawals and deposits easier. Your balance earns a competitive interest rate daily, with payments made monthly to further grow your savings with compound interest.
  • Cash Management Account. This high interest savings account gives you some of the same access functions as a transaction account such as BPAY, Direct Debit, Easypay and Third Party Payment Service.
  • Little Bucks Account. Designed for children under 18, a competitive interest is earned on every dollar in the account without any fees. You are also allowed to access your savings at a branch or by using electronic systems like BPAY and direct debit.
  • Christmas Club Account. You can start locking down your holiday savings in January and not have to worry about using your everyday cash for present buying in December. No transaction fees are applied to this account while you earn interest daily which is paid into the account twice a year.

What term deposits are offered by Greater Bank?

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, but you also earn a higher rate of interest. You can also choose to have monthly interest payments made directly to you, adding a little more to your income.

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What are the pros and cons of banking with Greater Bank?

Pros

  • Low cost. With savings accounts from Greater Bank you are not charged any monthly fees.
  • ATMs. Not only are you permitted to use your debit card at Greater ATMs, they are also linked to the networks of Westpac, St.George, Bank of Melbourne, and BankSA.
  • Variety. With Greater Bank you will find savings accounts to suit a number of different needs.

Cons

  • Account application. While Greater Bank does allow online applications with some accounts, for their specialised savings products you will have to apply in person at a branch.
  • Membership. Before you can apply for any savings account with Greater Bank you need to apply to become a member.
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How do I apply for a Greater Bank account?

Depending on the specific savings account you are interested in, you will either be prompted to apply online or asked to visit a local branch. Age restrictions will vary for each product, but you do have to be a permanent resident for each. Be sure to have identifying documents ready before beginning an application as well as your tax file number (TFN) or exemption code. Before getting started, make sure that you have carefully compared the account to what other banks offer to ensure that you have find the product that suits all of your savings needs.

Savings Account Offers

Learn about our information service
ME Online Savings Account

Maximum Variable Rate

3.05%

Standard Variable Rate

1.30
ING DIRECT Savings Maximiser

Maximum Variable Rate

2.75%

Standard Variable Rate

1.60
Bankwest Hero Saver

Maximum Variable Rate

2.65%

Standard Variable Rate

0.01
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.20%

Standard Variable Rate

2.05

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