Customs Bank Bonus Saver

Customs Bank Bonus Saver

Maximum Variable Rate

3.00

Standard Variable Rate

0.50

Earn more interest on your deposit when you stick to your savings goals.

  • Reach your financial goals faster with a bonus saver account
  • Deposit and withdrawal requirements need to be met
  • Competitive interest rate

Product details

The Customs Bank Bonus Saver is a rewarding fee free savings account that gives you more when you save more. In addition to the competitive tiered base rate of interest, get bonus interest on your deposit when you make no withdrawals and deposit 100 or more to this account each month.

Product Name
Customs Bank Bonus Saver
Maximum Variable Rate
3.00% p.a.
Standard Variable Rate
0.50% p.a.
Bonus Variable Rate
2.50% p.a.
Introductory / Bonus Offer Conditions
The Custom Bank Bonus Saver Account pays a bonus interest rates of 1.50% in addition to the current base interest rates by simply depositing a minimum of $100 a month with no withdrawals.
Monthly Fee
$0
Minimum Opening Deposit
$0
Minimum monthly deposit for bonus interest rate
$100
Internet Banking
No
Phone Banking
No

What are the features of the Custom Bank Bonus Saver?

  • Bonus interest conditions. To get the bonus interest, simply deposit at least 100 every month to the Customs Bank Bonus Saver and make no withdrawals.
  • No fees. The Customs Bank Bonus Saver is free to open and you’ll pay no monthly account keeping fees.
  • Making deposits. Deposit funds to the Bonus Saver from another institution's online banking facility using the pay anyone feature. You can also make deposits at a Customs Bank or Police Bank service centre. Set up a direct credit from your salary to the Bonus Saver so you always meet the bonus interest deposit requirement.
  • Withdrawals. You can withdraw funds from the Bonus Saver via Customs Bank Internet, telephone or mobile banking. Transfers from the Bonus Saver to a Customs Bank transaction account are instant, transfers to a transaction account with another financial institution can take up to 3 business days. Remember if you make one withdrawal or more from the Customs Bank Bonus Saver you will forfeit the bonus interest rate.
  • Internet banking. Internet banking a convenient quick way to stay on top of your savings. Check how much money you’ve got in the Bonus Saver, the applicable rate of interest, recent transactions and make withdrawals to a linked transaction account using the Customs Bank online banking facility. There’s no charge for this account feature and it can be set up in a few simple steps once you open the Bonus Saver account.
  • Electronic statements. Electronic statements are an environmentally friendly way to review your account activity. View your transaction history, account balances and interest earned for previous periods any time, anywhere. Electronic statements are sent out at the same frequency as paper statements, you can choose to get fewer or more electronic statements by getting in touch with a Customs Bank representative. You don’t need to register for Internet banking to get electronic statements, they can be sent to your email inbox.
  • Joint account. The Customs Bank Bonus Saver is available to joint applications.

Pros

  • Reach your financial goals faster with a bonus saver account
  • Competitive interest rate

Cons

  • Deposit and withdrawal requirements need to be met

How do I apply for the Custom Bank Bonus Saver?

Visit Customs Bank website to start a secure online application for the Customs Bank Bonus Saver. The application for a Customs Bank Bonus Saver can be completed in under 10 minutes.

  • Existing Customs Bank members. If you’re already a member of Customs Bank, you can enter your membership number and your name, you’ll be directed to the product selection page where you can add the Bonus Saver to your Customs Bank membership.

New members

If the Bonus Saver is your first Customs Bank product, you’ll need to become a member of the mutual bank to open the account. Mutuals are customer owned and operated banking institutions. Every member of a Customs Bank makes a pledge to contribute $10 if the organisation ever ceases operation. It’s easy to open a Customs Bank Bonus Saver account. Enter your contact information and agree to some standard privacy conditions to apply for this account.

Enter your contact details such as your name, your date of birth, your residential address, your preferred contact number and the best time to be contacted about your application. A member of the Customs Bank customer service team will be in touch to discuss your application for the Bonus Saver and your membership with Customs Bank.

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