Compare Hume Bank Savings Accounts

Boost your bank balance with a competitive savings account from Hume Bank.

Hume Bank

Hume Bank is a 100% customer-owned bank that has been part of the Albury-Wodonga region of New South Wales and Victoria for more than 60 years. With a focus on personal service and helping the communities it serves, Hume Bank offers a full range of banking products and services.

Who is Hume Bank?

Based in Albury-Wodonga on the New South Wales/Victoria border, Hume Bank started life as the Hume Co-operative Building & Investment Society Ltd in 1955. Sixty years later it has 19 branches throughout regional New South Wales and Victoria, as well as 47 ATMs and almost 60,000 customers.

As well as credit cards, home loans, personal loans and insurance, Hume Bank also offers an extensive range of savings and transaction accounts. These accounts combine easy access to your funds with a number of competitive features, with products available to suit everyone from young savers to retirees.

  • Hume Bank's Swift Code: ASLLAU2C
Rates last updated October 22nd, 2019
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Hume Bank All Purpose Account
Visa
$0
$0
A fully-featured transaction account with no account keeping fees.
Hume Bank Retirement Account
Visa
$0
$0
An account designed for pensioners over 55 which earn a higher interest on your balance and have no monthly account fees
Hume Bank Clancy Koala Account
N/A
$0
$0
A great account for kids that helps them earn bonus interest if they deposit $10 a month and they don't withdraw it.

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Rates last updated October 22nd, 2019
$
$
months
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
Hume Bank iSave
Hume Bank iSave
1.50%
1.00%
0.50%
$0
$5,000 / $1
Ongoing, variable 1.50% p.a. when you deposit $50+ each month. Available on balance of $5,000+
Hume Bank Reward Saver
1.40%
0.01%
1.39%
$0
$1 / $1
Ongoing variable, 1.40% p.a. when you deposit $10 without any withdrawals. Available on entire balance.
Hume Bank Cash Management Account
0.25%
0.25%
0.00%
$0
$1 / $5,000
Earn 0.25% p.a. for balance $100,000+. Interest rates are tiered, higher interest rates available on larger deposits.
Hume Bank Christmas Club Account
0.25%
0.25%
0.00%
$0
$1 / $1
A perfect account to help you save for Christmas with a high interest rate of 0.25%.

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Rates last updated October 22nd, 2019
$
Name Product 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. Product Description Interest Earned
Hume Bank Term Deposit
Hume Bank Term Deposit
0.90%
0.90%
0.90%
0.90%
-
0.90%
0.90%

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Rates last updated October 22nd, 2019
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Hume Bank All Purpose Account
Visa
$0
$0
A fully-featured transaction account with no account keeping fees.
Hume Bank Retirement Account
Visa
$0
$0
An account designed for pensioners over 55 which earn a higher interest on your balance and have no monthly account fees
Hume Bank Clancy Koala Account
N/A
$0
$0
A great account for kids that helps them earn bonus interest if they deposit $10 a month and they don't withdraw it.

Compare up to 4 providers

Rates last updated October 22nd, 2019
$
$
months
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
Hume Bank iSave
Hume Bank iSave
1.50%
1.00%
0.50%
$0
$5,000 / $1
Ongoing, variable 1.50% p.a. when you deposit $50+ each month. Available on balance of $5,000+
Hume Bank Reward Saver
1.40%
0.01%
1.39%
$0
$1 / $1
Ongoing variable, 1.40% p.a. when you deposit $10 without any withdrawals. Available on entire balance.
Hume Bank Cash Management Account
0.25%
0.25%
0.00%
$0
$1 / $5,000
Earn 0.25% p.a. for balance $100,000+. Interest rates are tiered, higher interest rates available on larger deposits.
Hume Bank Christmas Club Account
0.25%
0.25%
0.00%
$0
$1 / $1
A perfect account to help you save for Christmas with a high interest rate of 0.25%.

Compare up to 4 providers

Rates last updated October 22nd, 2019
$
Name Product 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. Product Description Interest Earned
Hume Bank Term Deposit
Hume Bank Term Deposit
0.90%
0.90%
0.90%
0.90%
-
0.90%
0.90%

Compare up to 4 providers

Rates last updated October 22nd, 2019
$
$
months
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
Rabobank Online Savings High Interest Savings Account
2.50%
1.05%
1.45%
$0
$0 / $0
Maximum variable rate of 2.50% p.a. for 4 months, reverting to a rate of 1.05% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
UBank USaver
2019 Winner
UBank USaver
2.10%
1.04%
1.06%
$0
$0 / $0
Ongoing, variable 2.10% 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.
HSBC Flexi Saver Account
1.90%
0.40%
1.50%
$0
$0 / $0
Ongoing, variable 1.90% 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.
MyState Bank Bonus Saver Account
2.50%
0.80%
1.70%
$0
$0 / $0
Ongoing, variable 2.50% p.a. when you deposit at least $20 into the account each month and make five or more Visa Debit card transactions from a linked MyState transaction account.
Suncorp Growth Saver Account
2.05%
0.20%
1.85%
$0
$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.

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What is Internet banking like for Hume Bank?

Hume Bank’s online banking service, iBank, offers fast and easy access to your accounts at all times. It is a fully featured Internet banking service that allows you to perform a range of essential everyday banking tasks.

Notable features include:

  • Monitor your accounts, balances and transactions
  • Transfer money between your accounts and to other accounts
  • Pay bills online
  • Schedule automatic payments
  • Activate your debit or credit card

What about the mobile app?

Image Source: App Store
Login Page Transactions Change PIN

What transaction accounts are offered by Hume Bank?

  • Essential Account

The Essential Account offers a range of easy ways to access your funds, including unlimited free EFTPOS and electronic transactions. A Visa Debit card is also included, and if you deposit at least $2,000 a month or are under the age of 22 there is no monthly service fee.

  • All Purpose Account

This flexible everyday account comes with a Visa Debit card, 20 free withdrawals per month and no monthly access fees. Free access to your funds is available 24/7 via Internet and mobile banking.

  • Retirement Account

The Hume Bank Retirement Account is designed for pensioners over the age of 55 and pays tiered interest on your balance, with higher rates for balances over $2,000. Other features include unlimited free electronic transactions; a free Visa card, cashcard or chequebook; and no monthly fees.

  • Clancy Koala Account

Designed for kids aged 11 and under, the Clancy Koala Account pays bonus interest when you deposit at least $10 per month and don’t make any withdrawals. There are no fees attached and parents can track their child’s progress online.

  • Loan Offset Account

This account can be linked to an eligible Hume Bank home loan to act as a 100% offset facility and minimise your interest payments. It also features a free Visa Debit card and no account-keeping fees.

What high-interest savings accounts are offered by Hume Bank?

  • iSave Account

This high-interest online savings account pays bonus interest when you deposit at least $50 per month and don’t make any withdrawals. There are no monthly service fees and you can enjoy the convenience of easy access to your funds whenever you want.

  • Reward Saver Account

Hume Bank’s Reward Saver Account pays bonus interest whenever you deposit at least $10 per month and don’t make any withdrawals. There are no account-keeping fees and you can enjoy two fee-free branch withdrawals per month.

  • Cash Management Account

This account combines competitive tiered interest rates with the flexibility of fast and easy access to your funds. A free Visa Debit card is included and there are no account-keeping fees.

  • Christmas Club Account

The Christmas Club Account pays high interest on the amount you set aside to fund your Christmas spending. There are no monthly fees and you can only make withdrawals during 1st November to 31st January.

What term deposits are offered by Hume Bank?

Hume Bank offers a range of term deposits with no set-up or monthly fees. The minimum deposit amount is $1,000 and negotiated rates are available on deposits of $150,000 or more. Terms range from 1 to 36 months, and there are also Regular Income term deposits available if you want to receive interest payments every 28 days.

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

Pros

  • Large selection of accounts. Whether you’re saving towards a particular goal or you simply want a flexible everyday account, Hume Bank offers products to suit.
  • Mobile banking available. As well as an easy-to-use Internet banking portal, Hume Bank also offers the convenience of mobile banking.
  • Visa Debit card. Many Hume Bank accounts come with a free Visa Debit card to allow easy access to your funds.

Cons

  • Limited branch network. If you like to do your banking face-to-face, make sure there are Hume Bank branches conveniently located close to you.
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How do I apply for a Hume Bank account?

If you’d like to become a Hume Bank member and open an account, you’ll need to visit your nearest branch and take your driver’s licence along with you. Alternatively, you can phone the bank’s customer helpline (open Monday to Saturday) if you’d simply like to discuss the benefits of joining.

Hume Bank’s range of savings and transaction accounts offer a range of competitive features, but make sure you compare them with products from other banks to find the right option for you.

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