Compare Service One Alliance Bank Savings Accounts

SERVICE ONE Alliance Bank may just be one of the best kept banks in regional N.S.W and the A.C.T.

SERVICE ONE Alliance Bank is a regional mutual bank. Buy a small share when you open a savings account to become a member. Mutual banks are operated to benefit members through better rates and fees.

Rates last updated November 20th, 2017
$
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Monthly Account Fee
Bankwest Hero Saver
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
2.60% 0.01% 2.59% $0 $0 / $0 Go to site More
HSBC Serious Saver
Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
3.00% 1.60% 1.40% $0 $0 / $0 Go to site More
ING Savings Maximiser
Ongoing, variable 2.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month (and from 1 March 2018 make 5+ card purchases a month). Available on balances up to $100,000.
2.80% 1.35% 1.45% $0 $0 / $0 Go to site More
Citibank Online Saver
Introductory rate of 2.85% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
2.85% 1.70% 1.15% $0 $0 / $0 Go to site More
ANZ Progress Saver
Ongoing, variable 1.81% p.a. when you deposit $10+ each month and make no withdrawals. Available on the entire balance.
1.81% 0.01% 1.80% $0 $10 / $10 Go to site More
Westpac Reward Saver
Ongoing, variable 1.50% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
1.50% 0.01% 1.49% $0 $0 / $0 Go to site More
CUA eSaver Boost Account
Ongoing, variable 2.75% p.a. when you make a total deposit of at least $250 and no withdrawals in a calendar month. Available on balances up to $500,000.
2.75% 0.25% 2.50% $0 $0 / $1 Go to site More
Westpac Life
Earn up to 2.30% p.a. interest. No monthly account-keeping fee. Set savings goals and track your progress.
2.30% 1.50% 0.80% $0 $0 / $0 Go to site More
St.George Maxi Saver
Introductory rate of 2.60% p.a. for 3 months, reverting to a rate of 0.80% p.a. Available on the entire balance.
2.60% 0.80% 1.80% $0 $1 / $1 Go to site More
Bank of Melbourne Incentive Saver
Ongoing, variable 2.00% p.a. when you make at least one deposit and no withdrawals each month. Available on the entire balance.
2.00% 0.80% 1.20% $0 $1 / $1 Go to site More
Westpac eSaver
Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
2.51% 1.00% 1.51% $0 $0 / $0 Go to site More
BankSA Incentive Saver Account
Ongoing, variable 2.00% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
2.00% 0.80% 1.20% $0 $0 / $0 Go to site More
ANZ Online Saver
Introductory rate of 2.55% p.a. for 3 months, reverting to 0.80% p.a. Available on the entire balance.
2.55% 0.80% 1.75% $0 $0 / $0 Go to site More
BankSA Maxi Saver
Introductory rate of 2.60% p.a. for 3 months, reverting to a rate of 0.80% p.a. Available on the entire balance.
2.60% 0.80% 1.80% $0 $1 / $1 Go to site More
Bank of Melbourne Maxi Saver
Introductory rate of 2.60% p.a. for 3 months, reverting to 0.80% p.a. Available on the entire balance.
2.60% 0.80% 1.80% $0 $0 / $0 Go to site More
HSBC Flexi Saver Account
Ongoing, variable 2.50% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
2.50% 1.25% 1.25% $0 $0 / $0 Go to site More
Bank Australia Bonus Saver Account
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
2.60% 0.15% 2.45% $0 $0 / $1 Go to site More
Bank Australia mySaver Account
Ongoing, variable 2.60% p.a. when you deposit $10+ each month and make no withdrawals. Available on balances $10+ and to customers under the age of 25.
2.60% 0.15% 2.45% $0 $0 / $10 Go to site More
Bank Australia Online Saver Account
Ongoing, variable rate up to 1.65% p.a. when you link to a Bank Australia Everyday Access or Pension Access or a mortgage offset account. Available on balances more than $5,000.
1.65% 1.65% 0.00% $0 $150,000 / $5,000 Go to site More

SERVICE ONE Alliance Bank awards

  • Money Magazine Consumer Finance Awards - Personal Lender of the Year - 2008

Who is SERVICE ONE Alliance Bank?

SERVICE ONE Alliance Bank have a diverse product mix. Although they do not offer a high interest saving account with bonus interest, they have an account for you if you’re a student, on an aged pension or just looking for an everyday banking solution.

What is internet banking like for SERVICE ONE Alliance Bank?

SERVICE ONE Alliance Bank let you manage your transaction and investment accounts online. This browser based platform lets you make payments to other accounts in Australia or overseas, view account balances and interest earned and make BPAY payments all from the comfort of your home, or when you’re on the go from your mobile device.

If you’re applying for a transaction or investment account in the name of more than one person, you have the option of setting the level of internet banking access for each account owner when you apply. You can choose to limit the access of signatories to view only, no access or grant full online access to the account.

Notable features include:

  • Limit the level of online access for each account signatory.
  • Access your money 24/7 in your home or on the go using Alliance Bank e-link internet banking.
  • Make BPAY payments and transfer funds to other accounts in Australia and overseas.
Back to top

What transaction accounts are provided are by Service One Alliance Bank?

  • SERVICE ONE Day to Day Account
    This is Alliance Bank’s everyday banking account and a home for your day to day spending money. Get paid into this account and buy goods at shops, online or make ATM withdrawals by linking either an EFTPOS card or Visa Debit Card. Register for e-link internet or telephone banking so you can pay bills using BPAY and set up direct debits with your service providers.
  • SERVICE ONE FREEStyle Student Access Account
    Just for students and apprentices. Other SERVICE ONE Alliance Bank transaction accounts may attract transaction fees, the Student Access Account offers unlimited free transactions and withdrawals. Link an EFTPOS card or a Visa Card to this account to shop at stores, online and make ATM withdrawals. This account also offers telephone and online access.

What high interest savings accounts are offered by Service One Alliance Bank?

  • SERVICE ONE Alliance Bank Christmas Club Account
    Save for Christmas so you know you’ll have enough to cover holiday spending. Avoid the temptation to spend, you can only access the money in your Christmas Club between the 1st of November and the 31st of January. Have money automatically paid into this account and get rewarded with a competitive rate of interest on your Christmas Club balance.
  • SERVICE ONE Alliance Bank Senior Saver Account
    Apply for this savings account if you receive a Centrelink aged pension. The Senior Saver doubles as a transaction account giving you EFTPOS or Visa Card access so you can make purchases in stores, online and ATM withdrawals. As well as e-link online and telephone banking, you can make withdrawals and deposits at Alliance Bank branches and at Australia Post retail outlets via Bank@Post.
  • SERVICE ONE Alliance Bank Money Management Account
    Deposit $2,000 or more to open a Money Management Account and earn a tiered interest on your balance — calculated daily. The minimum withdrawal and deposit amount is $500 and you can withdraw your money 7 days after you make a deposit.
  • SERVICE ONE Alliance Bank Term Deposit
    Ideal if you’re looking to budget into the future, The Alliance Bank Term Deposit gives you a guaranteed return on your investment. Terms range from 1 to 60 months. Open a term deposit with as little as .

What are the pros and cons of banking with SERVICE ONE Alliance Bank?

Pros

  • Fee reduction. Get a partial or complete reduction in transaction fees through the SERVICE ONE Alliance Bank Average Relationship Balance. The more money you hold across multiple Alliance Bank accounts the more free transactions you get each month.
  • E-Link internet banking. Access your money when you want it through the Alliance One e-link internet banking facility.
  • RediATM. SERVICE ONE Alliance Bank are partnered with rediATM, one of Australia’s largest ATM networks.

Cons

  • Regional presence. SERVICE ONE Alliance Bank have a strong regional presence in N.S.W and the A.C.T but lack branch facilities in Sydney.
  • No bonus interest savings account. This bank doesn’t offer a high interest savings account which rewards you with bonus interest when you meet specific deposit and withdrawal conditions.
Back to top

How do I apply for a SERVICE ONE Alliance Bank account?

To apply for a SERVICE ONE Alliance Bank savings or transaction account, download and complete an application form and return the document to a SERVICE ONE Alliance Bank branch. If you need some extra help, an Alliance One customer service agent can guide you through the process.

Membership

When you open one of these accounts, you’ll also be registered as a member of the mutual bank. You’re required to purchase a $10 member share, which entitles you to a say in the operation of the institution.

If you have any questions about the products listed on this page, we can help answer questions about fees and features, just ask us a question using the form below.

Savings Account Offers

Learn about our information service
HSBC Serious Saver

Maximum Variable Rate

3.00

Standard Variable Rate

1.60
Bankwest Hero Saver

Maximum Variable Rate

2.60

Standard Variable Rate

0.01
Bank Australia Bonus Saver Account

Maximum Variable Rate

2.60

Standard Variable Rate

0.15

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question