In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Great Southern Bank Future Saver

  • Richard Whitten's headshot
Great Southern Bank Future Saver Account
Maximum variable rate
4.85% p.a.
Base interest rate
0.1%p.a.

Our verdict

Get a solid interest rate when you deposit $250 a month into your Great Southern Bank Future Saver account.

The Great Southern Bank Future Saver gives you a maximum interest rate as high as 4.85% on balances up to $500,000. To get this rate you just need to deposit $250 at the end of each month.

Pros

  • Competitive rate
  • No ongoing fees
  • Simple deposit condition to meet

Cons

  • Lower rate on balances above $500,000
  • You can find higher rates on the market

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Great Southern Bank Future Saver Account
Maximum Variable Rate 4.85% p.a.
Standard Variable Rate 0.10% p.a.
Monthly Account Fee $0
Minimum Age 18

Key features

Interest rate

The Great Southern Bank Future Saver has a maximum total interest rate of 4.85% on balances up to $500,000.

This consists of a base rate of 0.1% and a bonus rate of 4.75%. To get this rate you need to deposit $250 at the end of each month.

If your balance is higher than $500,000 you will earn a lower rate on any dollar above $500,000.

Interest is calculated daily and paid monthly.

No account fees

The Great Southern Bank Future Saver has no monthly account fees.

Access

You can access your savings via online and mobile banking.

Savings tools

Great Southern Bank has some clever tools to help you hit your savings goals. The Vault helps you lock some money away and motivates you to not touch it (but still gives you access in an emergency).

The Boost lets you set a small amount of money to go to your savings account every time you spend with your Great Southern Bank Visa debit card.


How to apply

Eligibility

The Great Southern Bank Future Saver is for customers who are:

  • 18 or older
  • Australian residents

You can apply online in just a few minutes. You'll need ID, email address, an Australian mobile number and a tax file number.

Your reviews

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Ask a question

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Richard Finder

Editor

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