IMB
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Compare IMB savings and bank accounts

IMB offers an extensive range of savings accounts to choose from, plus some everyday accounts and a term deposit product.

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IMB bank accounts, savings accounts and term deposits

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
Go to siteView details
IMB Christmas Club
Maximum Variable Rate p.a.
3.00%
Standard Variable Rate p.a.
3.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
IMB Cash Management Account
Maximum Variable Rate p.a.
1.70%
Standard Variable Rate p.a.
1.70%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
IMB DIY Super
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
IMB Wisdom Saver
Maximum Variable Rate p.a.
2.45%
Standard Variable Rate p.a.
2.45%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
IMB Zoo Account
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
IMB Reward Saver Kick Start
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
IMB Business Cash Management Account
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 8 of 8 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
IMB Everyday Account
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0.70
Card type
Visa
More Info
IMB Everyday Unlimited Account
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$6
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
IMB Everyday Unlimited Kick Start Account
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Showing 3 of 3 results
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.
IMB Term Deposit
$1,000 min. deposit
3 Mths p.a.
1.25%
4 Mths p.a.
1.25%
5 Mths p.a.
1.25%
6 Mths p.a.
2.00%
7 Mths p.a.
2.00%
12 Mths p.a.
2.00%
24 Mths p.a.
2.00%
More Info
IMB Term Deposit - $5,000+ (Special)
$5,000 min. deposit
3 Mths p.a.
4.20%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.75%
7 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
4.00%
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Showing 2 of 2 results
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
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
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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
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
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • 5 debit card purchases
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
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
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
MyState Bank Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20
  • 5 debit card purchases
Go to siteView details
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
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
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Showing 12 of 14 results

Quick facts about IMB

  • IMB is a mutual bank that has been operating for 140 years.
  • Because IMB is a mutual bank, its customers are all members.
  • It was originally a building society for the Illawarra region, however since rebranding to IMB it services other parts of Australia too.
  • IMB has bank branches and ATMs in the Illawarra region as well as Sydney, NSW South Coast, Newcastle, the ACT and Melbourne.

What transaction accounts are offered by IMB?

  • Everyday Account. Link your issued Visa debit card to your everyday account and get access to your money at over 3,000 ATMs across Australia using the networks of IMB, Westpac, St.George Bank, Bank of Melbourne, and BankSA with no fees.
  • Everyday Unlimited Account. If you are able to keep your balance above $2,000 you can take advantage of IMB’s Everyday Account without paying any monthly fees.
  • Everyday Unlimited Kick Start Account. Designed for Australian’s under 18, students and apprentices up to the age of 30, the Kick Start account is a no fee everyday account that is a part of student package including a reward savings account.

What high interest savings accounts are offered by IMB?

  • Reward Saver Account. The Reward Saver Account helps with reaching savings goals by calculating bonus interest when you deposit at least $50 a month and make no withdrawals. There are no fees for this account, and you have the option of making saving easier by setting up regular deposits from your Everyday Account.
  • Kick Start Reward Saver. Working together with the Kick Start Everyday Account, the savings side pays bonus rates to young Australians who are making a $20 deposit each month and not pulling any money out.
  • Cash Management Account. With IMB’s Cash Management Account you are given a competitive interest rate on your balance, while still having complete access to your money. You will need a minimum of $5,000 to open the account and be issued a Visa debit card linked to it.
  • Christmas Club Account. Earn bonus interest for your holiday shopping, which is paid on the 31 October. If you make any withdrawals before that date, your account will be closed and the bonus interest forfeited.

What term deposits are offered by IMB?

You can invest in an IMB term deposit for terms between 1 month to 5 years, for balances starting at $1000. The fixed interest rates are tiered, so you'll get a higher rate for a larger balance. You can also choose to receive your interest annually, bi-annually or at maturity.

What are the pros and cons to banking with IMB?

Pros

  • Variety. IMB offers a wide range of different account options.
  • Fees. IMB's products charge no or minimal account fees.
  • Youth accounts. IMB offers dedicated product options for young people.

Cons

  • Interest rates. The interest offered on some IMB accounts is lower than what you can find elsewhere.
  • Lack of physical presence. Compared to the bigger banks, IMB has less branches and fewer ATMs available.

How do I apply for an account with IMB?

You don’t need to become a member first before applying for a savings account. Your membership is assumed once your application is approved.

  • Eligibility conditions. You must be a resident of Australia. Age restrictions will depend on the type of account you are applying for (most accounts are for customers 18+).
  • Documentation. You'll need to provide a current Australian passport, driver’s licence or Medicare card to verify your identity, and tax file number.
  • Application processing. Once the application has been successfully processed, IMB will set you up with online banking so that you are able to access your money.

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.

More guides on Finder

  • IMB Cash Management

    With an account pulling double duty as an interest earner and access provider, all of your banking needs can easily be met.

  • IMB Christmas Club

    Put more spirit in your holidays with an account that is specially designed to help you have the money you need to play Santa to all your friends and family.

  • IMB Wisdom Saver

    With your retirement cash tucked away in one convenient account you can add to your monthly budget from your interest earnings while still getting the advantage of total access to your money.

  • IMB Reward Saver Account

    With bonus on top of bonus, the Reward Saver Account can accelerate your savings growth and push you closer to your goals.

  • IMB DIY Super

    IMB provides a super account for investors that pays a competitive interest rate while allowing full access to your cash.

  • IMB Everyday Unlimited Account

    The Everyday Unlimited gives you an unlimited amount of ways to access your money without charging you any fees.

  • IMB Term Deposit

    With its relatively low opening balance, IMB’s term deposit could make it easy for Australians to begin making a positive investment towards their financial future.

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