Product details
If you’ve got $2,000 or more to invest, the Circle Alliance Bank Beyond 2000 Internet Savings Account can provide competitive returns. With a variable rate of 1.55% p.a. this high-interest online savings account can help you build a bigger nest egg and reach your savings goal.
There are no monthly fees attached to the account, which means every dollar you invest goes towards saving for the future, while you can access the portion of your balance over $2,000 at any time if you ever need urgent funds.
- Product Name
- Circle Alliance Bank Beyond 2000 Internet Saver Account
- Maximum Variable Rate
- 1.55% p.a.
- Standard Variable Rate
- 1.55% p.a.
- Monthly Fee
- $0
- Minimum Opening Deposit
- $2,000
- Internet Banking
- No
- Phone Banking
- No
- Phone Transaction Fee
- $0
What are the features of the Circle Alliance Bank Beyond 2000 Internet Savings Account?
Competitive variable rate of 1.55% p.a.
The Circle Alliance Bank Beyond 2000 Internet Savings Account pays 1.55% p.a. interest on your savings balance.
No monthly fees
You do not have to pay any monthly transaction or account-keeping fees with this account, which means you don’t have to worry about account fees and charges eating away at your savings balance.
Minimum opening balance of $2,000
You’ll need an initial investment of $2,000 or more to open an account.
Minimum ongoing balance of $2,000
To ensure that your account remains open, you will need to maintain a minimum balance of at least $2,000 at all times. All amounts above the $2,000 mark are available for withdrawal whenever you wish.
Internet and phone banking access
You can access the money in your Circle Alliance Bank Beyond 2000 Internet Savings Account 24 hours a day, 7 days a week by Internet and phone banking. This includes the use of BPAY when you need to pay a bill.
Direct credits available
You can set up a direct credit from a linked transaction account to your Beyond 2000 Internet Savings Account, allowing you to regularly put money aside and automate the savings process.
Pros
- Competitive variable rate of 1.55% p.a.
- $0 account keeping fees
- Internet and phone banking access
- Direct credits available
Cons
- Need to link to a transaction account
What you’ll need to know before applying
If you’d like to boost your savings balance by opening a Circle Alliance Bank Beyond 2000 Internet Savings Account, click on one of the “Apply Now” links on this page. This will take you to the Circle Alliance Bank website where you can read all about the conditions attached to the account and also download an application form.
Application options
A Circle Alliance Bank Beyond 2000 Internet Savings Account application form can be downloaded directly from the bank’s website. To complete the form you will need to provide:
- Your full name
- Your Circle Alliance Bank membership number
- Your tax file number or exemption (this is not mandatory to open an account)
- Details of how you wish to access your account (for example, whether you require phone banking access)
- Your signature
Documentation needed
Only Circle Alliance Bank members can sign up for a Beyond 2000 Internet Savings Account, so you will need to fill out a membership application form before you open an account. The form can be downloaded from the Circle Alliance Bank website and you will also need to purchase a $2 share in Circle Alliance Bank.
You will need to provide a range of important details when filling out the application form:
- Your full name and date of birth
- Your gender
- Your mailing address
- Your phone and email contact details
- Details of your employer and your occupation
- Citizenship and residency details
- Proof of ID, for example, your driver’s licence or passport
Eligibility criteria
You will need to satisfy a couple of simple eligibility criteria if you wish to apply for a Circle Alliance Bank Beyond 2000 Internet Savings Account:
- Membership requirement. You must be a member of Circle Alliance Bank to apply.
- Balance requirement. You must invest at least $2,000 to open an account, and you must maintain a minimum account balance of $2,000 at all times.
If you’re looking for an online savings account that can help you grow your $2,000 investment into something much bigger, the Circle Alliance Bank Beyond 2000 Internet Savings Account is certainly worth your consideration. Compare its features with those offered by savings accounts from other providers before deciding whether it’s the right fit for you.
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