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Our verdict

Earn 1.75% p.a. on your savings balance and support projects and initiatives in your local community with this competitive online savings account.

This unique account allows you to support a range of local organisations and community projects in the NSW Southern Highlands and Tablelands. For every $1 of interest you earn, BDCU Alliance Bank will pay $0.15 (15%) to your nominated My Community Partner, such as a local charity, school or community group.

Pros

Earn 1.75% interest while supporting your local community
$0 account keeping fees
Funds available at call
24/7 Internet and phone banking access

Cons

No ATM withdrawls
$15 fee for branch transactions

The BDCU Alliance Bank My Community Savings Account offers all the features you would expect from an online savings account. You can earn competitive interest of up to 1.75% p.a., enjoy easy access to your funds, and you don’t have to worry about monthly account-keeping fees or maintaining a minimum balance.

Details

Key details

Product Name	BDCU Alliance Bank My Community Account - Discontinued
Maximum Variable Rate	1.75% p.a.
Standard Variable Rate	1.75% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0

Key features

1.75% p.a. variable interest rate

This account features a variable interest rate of 1.75% p.a., allowing you to save towards your financial goals.

No monthly fees

There is no monthly service fee attached to this account, so you don't have to worry about hidden fees and charges eating away at your savings balance.

No minimum opening or monthly balance

There is no minimum balance required to open a BDCU Alliance Bank My Community Savings Account, nor do you need to worry about maintaining your balance above a certain minimum amount each month.

Funds available at call

The money in your BDCU Alliance Bank My Community Savings Account is available at call, so you can enjoy instant access to your savings whenever an expense arises.

24/7 Internet and phone banking access

You can manage your account by Internet and phone banking anywhere, anytime.

$15 fee for branch transactions

If you make a deposit or withdrawal at a BDCU Alliance Bank branch, you will have to pay a $15 transaction fee.

Support the community

For every $1 of interest you earn on your account, BDCU Alliance Bank will pay $0.15 (15%) to your nominated My Community Partner. My Community Partners include charities, community organisations, schools and a range of school-affiliated groups.

Compare other BDCU products

How to apply

If the BDCU Alliance Bank My Community Savings Account sounds like it offers everything you want in an online savings account, click one of the "Find out more" links on this page.

Application options

There are three ways to apply for an account with BDCU Alliance Bank:

Download and complete a form. Application forms are available for download from the bank's website. Once you've completed your form, submit it by post or in person at your local branch.
Visit an Advice Centre. Drop into your nearest BDCU Alliance Bank Advice Centre to start an application.

Apply over the phone. Phone the bank's customer helpline and receive friendly, personalised advice about how to apply.

Documentation needed

If you're a new BDCU Alliance Bank customer, you'll have to provide identification before you can open an account. A current driver's licence or passport will satisfy the ID requirements, but other forms of ID are also acceptable if you can't provide either of these.

Eligibility

Finally, before you begin an application, make sure you meet the following eligibility criteria:

Residency requirements. You must be an Australian citizen or permanent resident to open an account.

What happens after I submit my application?

If you want an online savings account that allows you to boost your finances and give back to your local community at the same time, the BDCU Alliance Bank My Community Savings Account could be just what you're looking for. Compare it with a variety of other online savings products to decide whether it's right for you.

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Alison Finder

Editor

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BDCU Alliance Bank My Community Savings Account