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Easy Street Easy Savings Account

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Easy Street could give you an easy way to save money for a rainy day without having to make any commitments.

Life is unpredictable, and the Easy Savings Account gives you the flexibility to handle a sudden change. With no minimum balance, no terms, and no fees for withdrawals, you are in complete control of your savings at all times. Set up monthly deposits, or put away what you can, when you can with the ease of the Easy Savings Account.

0.45% p.a.

Maximum variable rate

0.45% p.a.

Base interest rate

$2

Minimum opening balance

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Details

Product NameEasy Street Easy Savings
Maximum Variable Rate0.45% p.a.
Standard Variable Rate0.45%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$2
Minimum Age18

Expert review

Shirley Liu

Review by


Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

There's no requirement to save on a regular basis to earn interest, so this account is quite flexible.

Key features

Interest rate up to 0.45%

You'll enjoy an ongoing interest rate of 0.45% with this stress-free savings account. Plus, you don't need to meet any deposit requirements to earn interest.

Interest rate calculation

The interest is calculated at the close of every day and paid to your account monthly.


How to apply

If you would like to take advantage of this account, you can start an application online.

Eligibility

There are some requirements which you should check first to make sure that you qualify for the Easy Street Easy Savings Account:

  • Community First Credit Union membership. Easy Street is a brand operated by Community First Credit Union. For this reason you must first become a shareholder and member by completing their online membership form and paying a $2 shareholder fee.
  • Age requirement. You must be at least 18 years of age to open the Easy Savings Account.

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4 Comments

  1. Default Gravatar
    John
    September 14, 2017

    It is not clear what to do to earn the bonus interest on the easy saving account. In other words what do I have to do different between earning 2% on this account and earning 3%?

    • Avatarfinder Customer Care
      May
      September 14, 2017

      Hi John,

      Thank you for your inquiry.

      As of this writing, this Easy Street Easy Savings has an introductory rate of 3.00% p.a. (maximum variable rate) that includes a 1.00% p.a. bonus in addition to the standard variable rate of 2.00% p.a. There’s no condition in order this maximum variable rate to be met. It is available (only) for the first 6 months from opening the Easy Savings Account and on all balances.

      Please note though that this offer commenced on 1 August 2017 and is available on our Easy Savings Account for new accounts and new deposits only. The introductory rate offer can change or be withdrawn at any time and will end on 31 October 2017. After 6 months, the standard variable rate applies.

      Hope this helps.

      Cheers,
      May

  2. Default Gravatar
    doug
    August 31, 2017

    Hi. What would my SMSF earn if we deposited $410,000 for 6 months.

    • Avatarfinder Customer Care
      Joanne
      August 31, 2017

      Hi Doug,

      Thanks for contacting finder.
      For you to get a clearer picture on how much your SMSF would earn in a specific timeframe, please refer to this link https://www.finder.com.au/smsf-term-deposit and manually enter the deposit and number of months to calculate estimated earnings.

      Cheers,
      Joanne

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