Great Southern Bank Goal Saver Account (18-24 year olds)
- Maximum variable rate
- 5.35% p.a.
- Base interest rate
- 0.5%p.a.
- Minimum deposit
- $500
Our verdict
The Goal Saver Account has an attractive ongoing bonus rate of 5.35% p.a. on balances up to $50,000 for customers aged 18-24.
This savings account is for customers aged between 18 and 24 and offers an ongoing bonus rate of 5.35% p.a. This rate is higher than a lot of the big banks, but not quite as competitive as some other savings accounts in the market offered for under 30s.
However, compared to other youth savings accounts that do offer a higher bonus rate, this account has flexible account conditions which could be ideal for newer savers. You need to deposit $500 a month, but you’re able to make withdrawals from your savings when you need. This could be handy if you find you make a few impulse purchases or need to dip into your savings from time to time for unexpected expenses.
Pros
-
High, ongoing bonus rate each month
-
Make withdrawals and still earn bonus interest
-
No fees on savings account or linked account
Cons
-
Only available to 18-24s
-
Rate is slightly lower than other leading youth savings accounts in the market
Details
Key details
| Product Name | Great Southern Bank Goal Saver Account (18-24 year olds only) |
| Maximum Variable Rate | 5.35% p.a. |
| Standard Variable Rate | 0.50% p.a. |
| Monthly Account Fee | $0 |
| Minimum Age | 18 |
Best Young Adult Savings Account Finalist
Congratulations to Great Southern Bank Goal Saver Account (18-24 year olds only) for being a finalist in the Best Young Adult Savings Account category in the 2024 Finder Awards.
Full list of 2024 winnersYour reviews
Alison Finder
Editor
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.