Flexible Savings Accounts with Loyalty Bonuses

Compare flexible savings accounts with loyalty bonuses

Information verified correct on December 10th, 2016

Get rewarded with bonus interest even when you make withdrawals.

Banks and deposit taking institutions will pay you extra interest when you meet certain conditions, such as making no withdrawals – it’s a great incentive to keep saving. But there are times when you’ll need cash: sick children, injured pets and car and house repairs are common unexpected costs. Make a withdrawal from your savings account for whatever reason and you miss out on the bonus interest. If you want access to your savings account and a high interest rate, compare flexible savings accounts with loyalty bonuses on this page.

ING DIRECT Savings Maximiser

Flexible Savings Account Offer

Apply for the ING DIRECT Savings Maximiser and receive a high interest rate of 2.75% p.a. when you link with an Orange Everyday account and deposit $1,000+ from an external account each month.

  • Maximum Rate: 2.75% p.a.
  • Standard Variable Rate: 1.60% p.a.
  • Bonus Rate: 1.15% p.a.
  • Monthly Account Fees: $0
  • Minimum Balance: $0
  • Minimum Deposit: $0

Flexible savings accounts with a loyalty bonus

The following products are savings accounts that give you bonus interest and the flexibility to make withdrawals.

Rates last updated December 10th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
HSBC Flexi Saver Account
Ongoing, variable 2.00% p.a. when you link to any Australian bank account and deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
2.00% 1.50% 0.50% $0 $0 / $0 Open More
ME Online Savings Account
Ongoing, variable 3.05% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit MasterCard using tap & go. Available on balances up to $250,000.
3.05% 1.30% 1.75% $0 $0 / $0 Open More
UBank USaver Ultra
No monthly account keeping fees and earn bonus interest when you deposit $200 or more monthly.
2.87% 1.81% 1.06% $0 $0 / $0 More

HSBC Flexi Saver

HSBC rewards you with a maximum 2.00% p.a. interest on your Flexi Saver balance. You can make as many withdrawals from this high interest savings account as you like, as long as your account balance at the end of the month is $300 higher than your balance at the start of the month. HSBC offers this rate on Flexi Saver account balances up to $5,000,000.

ING Direct Savings Maximiser

ING Direct rewards you with up to 2.75% p.a. interest on your ING DIRECT Savings Maximiser savings account. To get the loyalty bonus, open an ING DIRECT Orange Everyday bank account and deposit $1,000 or more each month. Set up direct salary credit to keep getting the bonus interest, and you’re free to make withdrawals as often as you like. This offer is available on balances up to $100,000 in value.

ME Bank Online Savings Account

The ME Bank Online Savings Account gives you a loyalty bonus when you use the ME Bank Transaction Account MasterCard Debit Card to make a tap and go purchase each month. You’ll need both accounts to get the full rate of interest, but if you meet this condition you’ll be rewarded with up to 3.05% p.a. You’re free to make as many withdrawals as you like and if you don’t make a tap and go purchase using the ME Bank MasterCard Debit Card, your savings account balance will simply accrue interest at the base variable rate of 1.30% p.a.

UBank USaver Ultra

The USaver Ultra is linked to the UBank Ultra Transaction Account and if you deposit 200 or more into either account each month, Ubank will reward you with up to 2.87% p.a. on your USaver Ultra balance. You’re free to make withdrawals from this savings account; bonus interest applies as long as you meet the deposit condition.

What about introductory rate high interest savings accounts?

Savings accounts come in two flavours: The type discussed above, which reward you with high interest when you meet certain conditions, or the type that rewards you with high interest for an introductory period. The promotional bonus interest rate applies for the entire introductory period, you can make as many withdrawals as you like and there are no deposit requirements. At the end of the introductory period, your savings account balance will accrue interest at the base variable rate of interest.

Compare these accounts below

Rates last updated December 10th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
Citibank Online Saver
Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
3.00% 1.70% 1.30% $0 $0 / $0 Open More
RaboDirect High Interest Savings Account
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 2.00% p.a. Available on balances below $250,000.
3.05% 2.00% 1.05% $0 $0 / $0 Open More
AMP Saver Account
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
2.55% 2.10% 0.45% $0 $0 / $0 Open More
BankSA Maxi Saver
Introductory rate of 3.00% p.a. for 3 months, reverting to a rate of 1.05% p.a. Available on the entire balance.
3.00% 1.05% 1.95% $0 $1 / $1 Open More
Bank of Melbourne Maxi Saver
Introductory rate of 3.00% p.a. for 3 months, reverting to 1.05% p.a. Available on the entire balance.
3.00% 1.05% 1.95% $0 $1 / $1 Open More
ANZ Online Saver
Introductory rate of 2.85% p.a. for 6 months, reverting to 1.25% p.a. Available on the entire balance.
2.85% 1.25% 1.60% $0 $0 / $0 Open More
HSBC Serious Saver
Introductory rate of 2.25% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
2.25% 1.60% 0.65% $0 $0 / $0 Open More

There are no fees for switching to another savings account, so you can keep getting the high introductory bonus interest rate.

Authorised deposit taking institutions such as banks and credit unions reward you with bonus interest when you meet certain conditions. Introductory rate savings accounts are more flexible, but the introductory bonus rate won’t last. If you want to make withdrawals and you want bonus interest, compare introductory rate savings accounts and savings accounts with no conditions on withdrawals.

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Savings Account Offers

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ME Online Savings Account

Maximum Variable Rate

3.05%

Standard Variable Rate

1.30
Citibank Online Saver

Maximum Variable Rate

3.00%

Standard Variable Rate

1.70
Bankwest Hero Saver

Maximum Variable Rate

2.65%

Standard Variable Rate

0.01
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.05%

Standard Variable Rate

2.00

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