Get the Finder app 🥳

Track your credit score

Free

Border Bank Insurance Saver

Last updated:  

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.

0.01% p.a.

Maximum variable rate

0.01% p.a.

Base interest rate

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Details

Product NameBorder Bank Insurance Saver
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01%
Bonus Variable Rate0.00%
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.

Interest

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.

Information

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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site