Compare Maleny Credit Union savings accounts

Community based in Maleny, the Maleny Credit Union has been in operation since 1984 and through the use of internet banking has been able to grow to provide all Australians with their products and services. Committed to long-term sustainability, Maleny Credit Union is an active partner with other organisations to help raise community awareness.

• How do Maleny Credit Union savings accounts compare?

Rates last updated February 29th, 2020

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Monthly Deposit

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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
UBank USaver 2019 Winner		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.	Go to site More	Compare	loading Fetching your data...
AMP Saver Account		2.36%	1.40%	0.96%	$0	$0 / $0		Introductory rate of 2.36% p.a. for 4 months, reverting to a rate of 1.40% p.a. The bonus rate offer is for new AMP Saver customers only, and applies to the first $250,000 deposited.	Go to site More	Compare	loading Fetching your data...
Bank of Queensland Fast Track Saver Account		2.15%	0.35%	1.80%	$0	$0 / $0		Ongoing, variable 2.15% p.a. when you link to an BOQ Day2Day Plus Account, deposit $1,000+ into the Day2Day account each month from an external account and make 5+ eligible transactions per month. Available on balances up to $250,000.	Go to site More	Compare	loading Fetching your data...
Suncorp Growth Saver Account		1.90%	0.20%	1.70%	$0	$0 / $0		Ongoing, variable 1.90% 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.	Go to site More	Compare	loading Fetching your data...
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	Go to site More	Compare	loading Fetching your data...
Bankwest Hero Saver		1.85%	0.01%	1.84%	$0	$0 / $0		Ongoing, variable 1.85% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.	Go to site More	Compare	loading Fetching your data...
HSBC Serious Saver		2.35%	0.45%	1.90%	$0	$0 / $0		Receive a maximum variable rate of 2.35% p.a. for 4 months, reverting to an ongoing rate of 0.45% p.a. for each month you don't make any withdrawals from the account. Available on balances below $1,000,000.	Go to site More	Compare	loading Fetching your data...
Citibank Online Saver		2.30%	0.85%	1.45%	$0	$0 / $0		Introductory rate of 2.30% p.a. for 4 months, reverting to a rate of 0.85% p.a. Available on balances below $500,000.	Go to site More	Compare	loading Fetching your data...

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Who is Maleny Bank?

In terms of financial banking solutions, Maleny Bank offers its members a number of options. Savings accounts are structured to allow you to achieve higher rates under certain terms, or have full access to the account. In some cases you may even choose to forego interest at all and use the account as an everyday banking account without any transaction fees.

What transaction accounts are offered by Maleny Credit Union?

• Cash Management Account. With a minimum balance of $20,000 you can earn a competitive interest rate and still have at call access to your money. This includes branch transactions as well as internet banking availability.
• Everyday Savings Account. With this account there is no minimum balance requirement, and you choose your access methods. This can include a cheque book, internet banking, Visa debit card and an overdraft facility if you are eligible.

What high interest savings accounts are offered by Maleny Credit Union?

• 52 Week Money Challenge. Many of the savings accounts provided by MCU are available for children of all ages, but the 52 Week Money Challenge is a special product that teaches children how quickly money can grow. This is done by encouraging them to put a certain amount in the account each week for one year.
• Christmas Club Account. With a special account that only allows for deposits until November, you can save the money you need to play Santa in December. The interest rate is variable, calculated daily and paid to the account each month.
• Professional Investor Account. For members with larger amounts of money ready to invest, this account locks it in for a period of one year at a higher interest rate. Interest is calculated daily and will be paid into the account or another nominated account quarterly.
• Serious Saver Account. You can earn interest at a higher rate each month so long as you don’t make any withdrawals, or use as a fee free transaction account by voluntarily foregoing any interest earnings.
• E-Saver Account. With accessibility limited to online banking, you still have the advantage of an at call account, but with higher interest rates. You are not required to maintain a minimum balance, but you will need to link this account to another in order to maintain access.

What term deposits are offered by Maleny Credit Union?

When you choose to invest $5,000 or more into a term deposit with MCU you are given the option of terms ranging from three months to two years with interest paid at maturity. If you are investing more than $20,000 this can become an income boosting account by choosing to have interest payments made to you with more frequency.

What are the pros and cons of banking with Maleny Credit Union?

How do I apply for a Maleny Credit Union account?

You can only apply for an account with MCU after having obtaining membership to the credit union. To do this you can fill out an application online so long as you have the correct forms of identification to provide. Once your membership application has been accepted you will be able to apply for accounts through the online banking system.