Bank of Sydney Everyday Saver Transaction Account

Banking can be made simple with a savings account that works just like a transaction account for your everyday money needs.

With the Everyday Saver Transaction Account you get 24/7 access to your money, plus you'll earn a variable interest rate. Pay no fees for account keeping and the account is linked to a Visa debit card with unlimited ATM and EFTPOS transactions.

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Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameBank of Sydney EveryDay Saver Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

This account acts like a transaction account offering easy access to your money 24/7, while at the same time paying a variable interest rate on your money. Earning interest on a transaction account isn’t very common, so it’s a great bonus feature with this account.

Your balance up to $50,000 will earn the standard variable interest rate of 0.01%. And you’ll still enjoy all the benefits of a transaction account, including a linked Visa Debit card to make purchases in stores, online and to withdraw cash from ATMs. Sometimes transaction accounts that pay interest don't come with a debit card, but this one does.

There’s no monthly account keeping fee to worry about, and you can access all Big Four bank ATMs in Australia for free. You will, however, be charged a 3% international transaction fee on overseas purchases and cash withdrawals, so keep this in mind if you do a lot of overseas travel.

Key features

No monthly fees

There are no monthly account keeping fees and no minimum balance requirements to meet.

How to apply

New and existing Bank of Sydney customers can apply online for the Everyday Saver Transaction Account by visiting the Bank of Sydney website.


Before going to the secure application page, make sure that you are eligible for this account:

  • Minimum age. Applicants under the age of 18 are eligible if they have the authorisation of a guardian.
  • Residency requirements. You must be an Australian resident for the Everyday Saver Transaction Account.

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    Default Gravatar
    March 25, 2019

    Will the Bank of Sydney allow me to take advantage of their fixed deposit interest rates(2.85% in particular) if I open an Everyday Saver account with a deposit of say $300 or $500?

      Avatarfinder Customer Care
      March 26, 2019

      Hi Matthew,

      Thank you for getting in touch with Finder.

      If you consider opening a Bank of Sydney SuperRate account, the fixed 1.05% per annum interest rate is added to the base rate for the first four months on new funds only. In order to receive the bonus rate, you must also have a Bank of Sydney transaction account like the Bank of Sydney EveryDay Saver Account and have periodical monthly payments of at least $200 transferred into the savings account for the duration of the four-month introductory offer. The rate reverts to the standard rate of 1.75% p.a. after the four-month period ends, or if you fail to meet the conditions.

      I hope this helps.

      Thank you and have a wonderful day!


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