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BankVic SMSF Saver

Alison Banney
Alison Banney
Last updated:  

Put the cash portion of your super to work in a flexible savings account with a competitive rate of interest.

Aimed at those who manage their own superannuation fund, the BankVic SMSF Saver offers a high interest rate for the cash portion of your SMSF balance. Your balance will earn an ongoing, variable rate of 0.45% and there are no account keeping fees to pay.

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Details

Product NameBankVic SMSF Saver
Maximum Variable Rate0.45% p.a.
Standard Variable Rate0.45%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

No account management fees

There are no account keeping or management fees charged to you with the SMSF Saver.

A competitive interest rate of 0.45%

On all portions of your balance up to $5,000,000 you will earn a competitive interest rate of 0.45%. This is a variable rate that is subject to change.

How to apply

Before you apply for this account, check you meet the eligibility criteria and have the necessary documents handy.

Eligibility

  • Minimum age. Applicants need to be at least 18 years of age.
  • Residency requirements. You must be a legal resident of Australia or an Australian citizen in order for your application to be accepted.

Expert review

Alison Banney

Review by

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

Expert review

BankVic is a recognised financial institution, which ensures that funds of up to $250,000 are guaranteed as per the Australian Government Guarantee Scheme.

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