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BankVIC Bonus Saver S8

Alison Banney
Alison Banney
Last updated:  

Be encouraged to save more each month with a plan that rewards you with higher interest rates for regular deposits and no withdrawals.

The Bonus Saver S8 gives you great incentive to save by paying you extra interest every month that you meet their terms. Even if you do need to dip into your savings from time to time interest is still earned that is paid right into the account. BankVic is an Australian Mutual Bank serving police officers, emergency response workers, and other members of the public service industry. To become a member you will need to meet those eligibility requirements and pay a one time $10 fee to become a shareholder.

1.3% p.a.

Maximum variable rate

0.05% p.a.

Base interest rate

1.25% p.a.

Bonus interest rate

$100

Minimum deposit

Details

Product NameBankVic Bonus Saver S8
Maximum Variable Rate1.3% p.a.
Standard Variable Rate0.05%
Bonus Variable Rate1.25%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

$0 Account keeping fees

No monthly account keeping fees will be charged to your account.

Standard interest rate of 0.05%

All balances will receive a standard rate of interest applied.

Launch savings calculator

How to apply

If you are already a member of BankVic you can access the application for the Bonus Saver S8 by visiting their website. Alternatively you can call or visit a branch to submit your application.

Eligibility

There are certain eligibility requirements that you must meet in order to be considered for the account:

  • Minimum age. Applicants need to be at least 18 years of age for an online application to be accepted.
  • Residency requirements. Only Australian residents or citizens are eligible to apply.

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