Bank of Sydney SmartNet

Earn a generous tiered rate of interest on your deposit, get Visa Debit Card access and unlimited online transfers.

The Bank of Sydney SmartNet gives you the features of a high interest savings account and transaction account all in one. Maintain a deposit of more than $10,000 and less than $24,999 and get rewarded with 0.05% interest. Other rates apply for different account balances. Make ATM withdrawals, purchases and transfer money. This account gives you a Visa Debit Card and unlimited online transfers.


Account keeping fee


ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameBank of Sydney SmartNet - DISCONTINUED
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$2
International transaction fee3%
Monthly deposit required to waive account feeN/A

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 is a convenient two-in-one account that’s a mix between an everyday transaction account and a savings account. You get at-call access to your money, which means you can access it at any time without restrictions. It comes with a Visa Debit Card that you can use to make purchases online, in store via EFTPOS and to withdraw your cash at ATMs.

At the same time, you’ll also earn interest on your balance. This isn’t common for an account that offers at-call access to your money. On balances up to $10,000 you’ll earn 0.05% interest. And the interest rates are tiered, so you’ll earn even more interest on larger balances.

This interest rate isn’t nearly as high as what you’d get from a savings account, but the majority of savings accounts don’t offer at-call access to your money. So in terms of a transaction account, this interest rate is actually quite generous.

Key features

Business and personal account

This transaction account can be used as a business transaction account or you can apply in your own name.

Interest rate

The Bank of Sydney SmartNet savings account has a tiered interest rate.

How to apply

You need to visit a Bank of Sydney branch to apply for the Bank of Sydney SmartNet account. Bank of Sydney require your personal and contact information to open a SmartNet account. If you’re applying for this account in the name of a business, the information requirements may vary.


  • Information Provide your name, residential address, date of birth and occupation to the Bank of Sydney to open the SmartNet account.

You will also need to verify your identity with the Bank before you can open an account.

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