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The Bank Australia mySaver Account is designed exclusively for those under the age of 25, giving young Australians a kick start to their savings. By meeting certain conditions each month, you will be rewarded with a competitive bonus interest rate, bringing you that much closer to your savings goal. With access to your account online and over the phone, this account provides a simple way for you to grow your money.
0.7% p.a.
Maximum variable rate
0.01%p.a.
Base interest rate
$10
Minimum deposit
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Product Name | Bank Australia mySaver Account |
---|---|
Maximum Variable Rate | 0.7% p.a. |
Standard Variable Rate | 0.01% |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
Australians under 25 years old can simply deposit $10 each month and make no withdrawals in order to earn the bonus interest.