The-Rock

Compare The Rock Savings Accounts

Make your money go further with a savings account from The Rock.

The Rock has been helping Australians look after their finances since 1967. Established in Rockhampton, Queensland, The Rock merged with financial services group MyState Limited in 2011 and is now a division of MyState Bank Limited. If you’re looking for a savings or transaction account to help manage your finances, it offers an extensive range of options.

Rates last updated May 30th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
The Rock Building Society The Only Account
An everyday account that allows you to access your funds easily with a Rock Visa Debit Card or rediCARD PLUS
Visa $0 $1,500 Enjoy 4 free ATM withdrawals per month through the RediATM network. A $6 monthly account-keeping fee applies if you don't maintain daily balance of at least $1,500.
The Rock Building Society Fee Cruncher Account
An everyday account that rewards for saving regularly.
Visa $0 $0 Deposit at least $1000 monthly and you will receive unlimited fee-free EFTPOS, branch deposits and withdrawals at rediATMs.
The Rock Building Society Senior's Platinum Account
An everyday transaction account designed for those aged 55 and over, who receive a government aged pension, Veteran Affairs pension, or are self funded retirees.
Visa $0 $0 No monthly account fee and freedom to bank how and when you want at Rock branches or via EFTPOS, ATMs, Internet Banking or Phone Banking.
The Rock Building Society Youth Account
Ongoing, variable 0.50% p.a.. Available on balance $5,000 plus.
Visa $0 $0 No account keeping fees. Fee free ATM, EFTPOS, periodical payments, direct debits, coin-counting, cheque deposit, counter cheques, staff-assisted transfers
The Rock Business Account
An account with features you need for everyday business transactions, plus easy access options like Internet and Phone Banking.
N/A $0 $5,000 No monthly account fee when you maintain $5,000 in your account for the entire month.
The Rock Offset Account
An everyday transaction account linked to your eligible home loan account.
Visa $0 $0 This is an offset account and therefore does not earn interest. Reduces the interest charged to your home loan, enabling the loan to be repaid more quickly.
Rates last updated May 30th, 2017
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
The Rock Building Society Christmas Club Account
A high interest saving account designed to help you save for Christmas.
0.25% 0.25% 0.00% $0 $1 / $1
The Rock Building Society Online Saver Account
An interest bearing savings account that gives you all the benefits of a high interest rate without the access restrictions of a term deposit.
1.40% 1.40% 0.00% $0 $2,000 / $1
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
The Rock Building Society Term Deposit
The Rock Building Society Term Deposit
2.40%
1.50%
2.00%
2.70%
2.90%
3.00%
-
-
$5,000

Compare up to 4 providers

Rates last updated May 30th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
The Rock Building Society The Only Account
An everyday account that allows you to access your funds easily with a Rock Visa Debit Card or rediCARD PLUS
Visa $0 $1,500 Enjoy 4 free ATM withdrawals per month through the RediATM network. A $6 monthly account-keeping fee applies if you don't maintain daily balance of at least $1,500.
The Rock Building Society Fee Cruncher Account
An everyday account that rewards for saving regularly.
Visa $0 $0 Deposit at least $1000 monthly and you will receive unlimited fee-free EFTPOS, branch deposits and withdrawals at rediATMs.
The Rock Building Society Senior's Platinum Account
An everyday transaction account designed for those aged 55 and over, who receive a government aged pension, Veteran Affairs pension, or are self funded retirees.
Visa $0 $0 No monthly account fee and freedom to bank how and when you want at Rock branches or via EFTPOS, ATMs, Internet Banking or Phone Banking.
The Rock Building Society Youth Account
Ongoing, variable 0.50% p.a.. Available on balance $5,000 plus.
Visa $0 $0 No account keeping fees. Fee free ATM, EFTPOS, periodical payments, direct debits, coin-counting, cheque deposit, counter cheques, staff-assisted transfers
The Rock Business Account
An account with features you need for everyday business transactions, plus easy access options like Internet and Phone Banking.
N/A $0 $5,000 No monthly account fee when you maintain $5,000 in your account for the entire month.
The Rock Offset Account
An everyday transaction account linked to your eligible home loan account.
Visa $0 $0 This is an offset account and therefore does not earn interest. Reduces the interest charged to your home loan, enabling the loan to be repaid more quickly.
Rates last updated May 30th, 2017
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
The Rock Building Society Christmas Club Account
A high interest saving account designed to help you save for Christmas.
0.25% 0.25% 0.00% $0 $1 / $1
The Rock Building Society Online Saver Account
An interest bearing savings account that gives you all the benefits of a high interest rate without the access restrictions of a term deposit.
1.40% 1.40% 0.00% $0 $2,000 / $1
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
The Rock Building Society Term Deposit
The Rock Building Society Term Deposit
2.40%
1.50%
2.00%
2.70%
2.90%
3.00%
-
-
$5,000

Compare up to 4 providers

Who is The Rock?

Based in central Queensland, and with a focus on personalised customer service, The Rock operates from Cairns in the north right down to south-east Queensland. In addition to home loans, personal loans, credit cards and insurance, it offers a full range of transaction and savings accounts.

These accounts are designed to help you manage your money your way, with a variety of products available to suit the needs of different customers. There are accounts for teenagers, pensioners, businesses, home loan borrowers and even people looking to save a little extra to cover the cost of their Christmas spending.

Accounts with The Rock can be accessed via Internet, mobile and phone banking, bank card, debit card, cheque book and over the counter.

What is Internet banking like for The Rock?

The Rock’s Internet-banking facility offers quick and secure access to your accounts 24 hours a day, seven days a week. The facility offers all the features and functionality you would expect from an online banking portal, as well as security features such as SMS authentication to provide an extra level of protection.

Notable features include:
  • Check your account balances
  • Pay bills and transfer funds
  • Setup and maintain periodical payments
  • View transaction history
  • Manage business banking data with direct feeds to your Xero accounting package

What transaction accounts are offered by The Rock?

  • The Only Account

This everyday transaction account provides easy and convenient access to your funds via EFTPOS, ATMs, Internet and phone banking, a cheque book and The Rock branches. You can also set up direct debits and periodical payments to other accounts. A monthly fee applies but is waived if you hold a home loan with The Rock or your balance remains above $1,500 the entire month.

  • Fee Cruncher Account

The Rock’s Fee Cruncher Everyday Account does not charge any account-keeping fees. When you deposit at least $1,000 per month, you can also access unlimited fee-free ATM and EFTPOS transactions, as well as branch deposits and withdrawals. The account comes with your choice of a Rock Visa Debit Card or rediCARD PLUS.

  • Senior’s Platinum Account

An everyday transaction account for people aged 55 and over, the Senior’s Platinum Account does not charge any account-keeping fees and allows you to earn interest on your balance. You can access your funds via a Rock Visa Debit Card or rediCARD PLUS, while a cheque book, phone banking and Internet banking are all supported.

  • Youth Account

The Rock’s Youth Account gives 13-17 year olds a Rock rediCARD PLUS and easy access to funds via ATMs, EFTPOS and Internet banking. There are no account-keeping fees and if you make at least one deposit each month and no withdrawals, you can earn bonus interest on your account balance.

  • Business Account

This everyday business banking account does not have any ongoing fees when your balance stays above $5,000 the entire month. It also provides easy access at The Rock branches, via phone and Internet banking, and by using a cheque book.

  • Offset Account

This fully featured transaction account with a Rock Visa Debit Card or rediCARD PLUS, as well as via Internet banking, phone banking or a cheque book. Your account balance is offset 100% against your home loan every day, allowing you to minimise your interest payments on your mortgage.

What high interest savings accounts are offered by The Rock?

  • Christmas Club Account

This Christmas savings account features no account-keeping fees and allows you to earn interest on your savings. You can only access your funds between November 15 and December 31 each year, removing the temptation to dip into your savings.

  • Online Saver Account

This high-interest savings account offers easy online access to your funds at all times. You’ll need to maintain a balance of at least $2,000 each month to earn interest but you do not have to worry about account-keeping fees.

What term deposits are offered by The Rock?

With terms ranging from 1 to 36 months, The Rock offers the security of a fixed interest rate on a range of term-deposit accounts. There are no account-keeping fees and you can check your balance at any time via Internet banking. A minimum deposit of $5,000 is required.

What are the pros and cons of banking with The Rock?

Pros

  • Wide range of accounts. The Rock offers an extensive range of savings, transaction and term-deposit account options.
  • Easy access to funds. From Internet, phone and mobile banking to debit card spending, ATMs, cheque books and over-the-counter transactions, there are several easy ways to access funds in your account.
  • Community support. The Rock regularly gives back to the community, providing financial support for a number of initiatives and community projects across central Queensland.

Cons

  • Based in central Queensland. With branches in Queensland only, The Rock may not be the best choice of bank for customers outside the Sunshine State.

How do I apply for a The Rock account?

There are three options available if you’d like to open an account with The Rock:

  1. Make an appointment. This can be done over the phone or in branch.
  2. Phone The Rock. Phone The Rock to discuss your financial needs.
  3. Visit a branch. Find a branch near you to speak to a staff member about opening an account.

However, before applying for an account, make sure you compare The Rock’s products with the savings and transaction products from a range of other providers. This will help you find the right account for your money needs.

Savings Account Offers

Learn about our information service
ING DIRECT Savings Maximiser

Maximum Variable Rate

3.00

Standard Variable Rate

1.50
ME Online Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.30
Bankwest Hero Saver

Maximum Variable Rate

2.65

Standard Variable Rate

0.01
Citibank Online Saver

Maximum Variable Rate

2.85

Standard Variable Rate

1.70

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