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Bank Australia Online Saver Account

Save online through your everyday account and be rewarded with a higher interest rate with an Online Saver from Bank Australia

Bank Australia makes it simple to save with an account that you control right from your computer. Earn a competitive interest rate on your balance when you can, and transfer money to your everyday account when you need. Plus you get the added bonus of higher rates when you are able to squirrel away more of your funds.

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0.2% p.a.

Maximum variable rate

0.01%p.a.

Base interest rate

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Details

Product NameBank Australia Online Saver Account
Maximum Variable Rate0.2% p.a.
Standard Variable Rate0.01%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Earn a higher rate of interest as your balance grows

Higher balances will earn a more competitive interest rate of 0.2% p.a.

Membership is required before applying for an account

Bank Australia is an Australian mutual bank, requiring that you first become a member before you are able to apply for any of their accounts.

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How to apply

Eligibility

Existing Bank Australia members can apply for the Online Saver Account through internet banking. Before you begin your application, make sure that you are able to meet the following eligibility requirements:

  • Minimum age. There are no age requirements stipulated for the account, but in order to apply for membership online you will need to be at least 18 years old.
  • Residency requirements. You will need to be an Australian resident or citizen in order for your application to be accepted.

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