This account has no account keeping fees and pays a high, competitive bonus interest rate when you meet the conditions, helping to give your savings an extra boost. You can open an account with as little as $1, meaning you can get started today.
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Hume Bank Reward Saver
- Maximum variable rate
- 5.00% p.a.
- Base interest rate
- 0.01%p.a.
- Minimum deposit
- $10
Our verdict
A savings account with up to 4.99% bonus interest to give your balance an extra boost.
To receive the bonus interest, all you need to do is make a small monthly deposit and no withdrawals - think of it as an incentive to save!
Pros
-
No account keeping fees
-
Internet and phone banking
-
Low monthly deposit required for bonus interest
Cons
-
If you're not a member of Hume Bank, you can not apply for this account online
-
If you make a withdrawal you will not receive the bonus interest
Details
Key details
| Product Name | Hume Bank Reward Saver |
| Maximum Variable Rate | 5.00% p.a. |
| Standard Variable Rate | 0.01% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $1 |
| Minimum Age | 18 |
Key features
There are no account keeping fees with this account.
You receive two fee-free branch withdrawals per month with this account, however making withdrawals means you will forfeit your bonus interest for that month.
How to apply
If you're already a member of Hume Bank you can apply online for this account. If you are not a member, you will need to visit a local branch with ID such as a drivers licence or passport in order to apply for this account.
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Alison Finder
Editor
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