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BankVIC Investment S2

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Plan ahead for a financial goal with an investment account that does require you to be invested in any terms or conditions.

Ideal for short term saving goals, the BankVic Investment S2 is an interest earning banking account that still allows you to access your money at-call. You are provided with multiple ways of continuing to invest, while being able to make withdrawals from the account online or at a branch. Plus since BankVic is an accredited Australian financial institution, your deposits of up to $250,000 are protected by the Financial Scheme.

0.1% p.a.

Maximum variable rate

0.1% p.a.

Base interest rate

Details

Product NameBankVic Investment S2 Account
Maximum Variable Rate0.1% p.a.
Standard Variable Rate0.10%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

$0 Monthly account keeping fees

No account keeping or maintenance fees are accrued with the Investment S2.

Competitive interest rates

The interest rates for this account are tiered, raising for balances that reach $5,000, $25,000 and then $50,000. The interest is calculated on the daily balance and then credited into your account on the 30th of June and 31st of December.

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How to apply

Existing members of BankVic may download and submit a form online for a new account if interested in opening an Investment S2 account. You also have the option of applying online or at your local branch. If you are not yet a member of BankVic you can access their membership application online.

Eligibility

Before proceeding, check to make sure that you are able to meet the following eligibility requirements:

  • Minimum age. You must be at least 18 years of age in order to submit an application online.
  • Residency requirements. Only Australian residents are eligible for the BankVic Investment S2 account.

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