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Border Bank Safeguard

Protect yourself from unexpected fees with a multi-purpose account that safeguards your savings.

Border Bank Safeguard is a specialised savings account that allows you at call access while ensuring you’re never subjected to exception fees. Setting up bill payments and RediCard use is available, yet your account will never be overdrawn. This is ideal if you are trying to work your finances in a budget.

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0.01% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameBorder Bank Safeguard Account
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

Account keeping fees

You will not be charged any monthly or yearly account keeping fees when using the Safeguard account.

Reduced fees program

You can qualify for fee rebates and free ATM and EFTPOS transactions by maintaining a combined monthly balance of $5,000 in your Border Bank accounts.

How to apply


Existing members of Border Bank will find it easy to apply for the Safeguard through their online banking platform. If you are not already a member you can apply online for a membership and your new account. Before beginning, check the following eligibility requirements to ensure that your application will be accepted:

  • Minimum age. You must be 18 years or older in order to have the Safeguard account opened in your name.
  • Residency requirements. Border Bank requires that all account holders be Australian residents with a residential address.

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