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Border Bank Insurance Saver

Earn interest on your money and automate your insurance premium payments.

A special purpose interest bearing insurance holding account from Border Bank that acts as a hub for your insurance payments. Set up direct debits from this account so you can always make sure your insurance payments are paid on time.

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0.01% p.a.

Maximum variable rate


Base interest rate

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Product NameBorder Bank Insurance Saver Account
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Insurance payments only

The Border Bank Insurance Saver can only be opened so you can pay your insurance payments. This account works as a place to keep your cash so you can pay your insurance premiums. Funds in the Insurance Saver accrue interest and payments to insurers can be automated.


The Border Bank Insurance Saver rewards you with interest. The interest rate is tiered. Different interest rates apply to different portions of your account balance. Interest is calculated on your daily balance and paid into your account twice a year on the 30/06 and the 31/12.

How to apply

You can visit Border Bank website to start a secure online enquiry form for the Border Bank Insurance Saver. You must fill out an enquiry form with Border Bank before you can open the Insurance Saver. This form is passed onto a Border Bank service centre. A Border Bank representative will be in touch within a business day to discuss your intent to apply for this account.


Enter your contact information such as your first and last name, your email address, phone number, enter the name of the account 'Border Bank Insurance Saver' in the subject field and where it says 'message', type that you'd like to apply for this account.

Before you can open the Insurance Saver you need to be a member of Border Bank. The membership process requires you to verify your identity.

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