Delphi Bank Midas Account

Delphi Bank Midas Account

Maximum Variable Rate


Standard Variable Rate


Access your savings any time with an award-winning Delphi Bank Midas savings account.

  • Maximum variable interest rate of 1.40% p.a.
  • $0 account-keeping fees
  • Funds available 24/7 at-call via online banking

Product details

Delphi Bank Midas savings account makes it simple to save with 24/7 online banking access and a competitive interest rate. With funds available at-call and no account-keeping fees, you can enjoy the flexibility of withdrawing money as often as you want without penalties.

Product Name
Delphi Bank Midas Account
Maximum Variable Rate
1.40% p.a.
Standard Variable Rate
1.40% p.a.
Monthly Fee
Minimum Opening Deposit
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the Delphi Bank Midas account?

Competitive interest rate of 1.40% p.a.

An interest rate of 1.40% p.a. is applied to all funds in the Midas account. Unlike some other savings accounts, you don’t need to meet any deposit requirements or withdrawal restrictions to receive this interest rate.

Interest calculated daily.

Interest is calculated daily and added to your account on the last calendar day of the month. It’s a variable interest rate, so will most likely move along the RBA cash rate.

Membership is required before applying for an account.

Delphi Bank requires that you first become a member before you’re able to apply for any of their accounts. The Midas account must be linked to an existing transactional account.

$10 minimum opening balance.

You’ll need to deposit a minimum of $10 to open this account.

24/7 online access.

You have ongoing 24/7 access to your savings account using online banking.

$0 account-keeping fees.

There are no monthly fees with the Midas account.

$0 transaction fees.

There are no transaction fees on the Midas account. Money is transferred into and out of the account through a linked Delphi Bank transaction account.

No maximum deposit.

There’s currently no maximum limit to the amount that can be deposited to a Midas account. However, Delphi Bank reserves the right to set a maximum amount that may be deposited into your account, with immediate effect.

Direct debit available.

Direct debit payments can be made through the Midas account.

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  • $0 account keeping fee
  • Deposits and withdrawals can be easily made
  • 24/7 access through online banking
  • No minimum monthly deposit
  • No maximum deposit limit


  • Must be linked to an existing Delphi Bank account
  • Lower interest rate than some other competitors
  • Only the first 15 transactions are free per month, after which a charge of $0.25 applies for each transaction

How do I apply for the Delphi Bank Midas account?

If you like the flexibility and interest rate of the Midas account, you’ll need to download and complete the New Customer Account Opening Form on their website.

Eligibility requirements

Check first to make sure that you are able to meet the eligibility requirements:

  • Account status. You must have an existing Delphi Bank account.
  • Age. Only applicants aged 18 years or older will be considered to open the Midas account.
  • Residence. You must have a valid Australian residential address to open a Midas account.

Application requirements

Once you determine that these requirements can be met, you’ll need to complete the application form with the following:

  • Personal information. You’re going to be asked for your full name, date of birth, and physical Australian address.
  • Account information. You’ll need to be an existing Delphi Bank customer and will be asked to provide your bank state branch (BSB), customer number and account name.

What happens after I complete this form?

Once you’ve downloaded and completed the application form, you’ll need to call a Delphi Bank branch to make an appointment. You must submit the completed form during the appointment and if you meet all the eligibility criteria, the Midas account will be opened on the same day.

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