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BankVIC Easyinvest S7

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This easy-to-use account lets you earn the market interest rate on your savings.

The BankVIC Easyinvest S7 account offers competitive interest rates and charges $0 maintenance fees. It offers unlimited deposits and withdrawals. When opening this savings account, you will have access to your money via mobile banking and unlimited free PayAlone (the BankVic mobile email feature). There is $0 minimum deposit or balance required, so it is easy to get started and the interest received is calculated daily and paid monthly. The Easyinvest S7 account is a savings account that offers similar benefits of a bank account.

0.3% p.a.

Maximum variable rate

0.3% p.a.

Base interest rate

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Details

Product NameBankVic Easyinvest S7
Maximum Variable Rate0.3% p.a.
Standard Variable Rate0.30%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Standard interest rate of 0.3% p.a.

Interest will be paid on the last day of each month. The Easyinvest S7 account is subject to a variable interest rate and competitive market related interest rates. You will earn 0.3% per annum on balances up to $5,000,000 and 0.01% per annum on balances exceeding that.

How do I earn the bonus interest?

Any applicant with a balance below $5,000,000 will qualify for the maximum rate of interest on this account. There are no conditions which need to be satisfied in order to earn this interest. The interest rate is variable, which means it could change according to the movements of the RBA cash rate.

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How to apply

Eligibility

  • Membership. Applicants are required to be members of the BankVic banking service.
  • Minimum age. Account holders under the age of 18 are considered a minor, it may also be required to have a parent and/or guardian to sign the application on their behalf. In the case of a minor becoming a member of BankVic they are to Join the Little Copper Club before attaining the privileges joined with having a BankVic account. As soon as the member turns 18 years old they will then be eligible to apply for their own account.

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