Great Southern Bank Home Saver Account
Earn an ongoing bonus rate of 1.3% when you meet the account criteria.
To earn bonus interest you need to link your Home Saver Account to a Great Southern Bank Everyday Edge Account, deposit at least $2,000 a month and make 5 or more transactions from your Everyday Edge account each month. You can make withdrawals and still be eligible for bonus interest.
Maximum variable rate
Base interest rate
Alison Banney is the banking and superannuation editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This account offers an ongoing bonus rate of 1.3% which is higher than some other accounts in the market, but not the highest. You need to deposit at least $2,000 a month to qualify for bonus interest which may be difficult if you're not earning a regular income each month.
However, one major benefit with this account is that you can make withdrawals and still qualify for bonus interest. Plus, the bonus interest rate is available ongoing. This means if you fail to meet the deposit conditions one month you can still be eligible for bonus interest if you meet the conditions the following month.
Bonus interest rate up to 1.3%
This account offers an ongoing bonus rate of 1.3% when the account criteria are met.
To earn bonus interest you need to link your Home Saver Account to an Everyday Edge Account, deposit at least $2,000 a month and make 5 or more transactions from your Everyday Edge account each month.
Make withdrawals whenever you need to
Provided you meet the above account conditions, you can still be eligible for the bonus interest even when you need to withdraw from the account. This gives you the freedom to access your funds when you need to.
No account keeping fees
This savings account has no monthly account keeping fees to worry about. The linked Everyday Edge Account also has no monthly fees.
Linked Great Southern Bank Everyday Edge Account
You need to link your Home Saver Account to an Everyday Edge Account to qualify for bonus interest. This transaction account comes with a Visa debit Card which you can use for day-to-day spending, online purchases and to pay bills.
Set up regular payments into your savings
You can set up automatic regular transfers from your linked transaction account to your Home Saver Account, to help you save effortlessly.
Apple Pay, Google Pay and Samsung Pay available
Mobile banking app
Use the Great Southern Bank App to keep up to date with your savings, check your balance and transfer funds between your accounts when you're on the go.
How to apply
You can open a Home Saver Account online in less than 10 minutes. Make sure you meet the eligibility requirements and have the necessary documents handy before you begin the application. remember, you'll also need to open an Everyday Edge Account if you want to qualify for bonus interest.
- Age requirement. You must be at least 18 years of age.
- Residency requirement. You must be an Australian resident or citizen with an Australian residential address.
- Account purpose. This account is meant for personal use only, not for business use.
- Personal identification. A valid driver's licence, passport, birth certificate or Medicare card is needed to verify your identity online.
- Personal information. Your full name, date of birth and physical address will all be required while filling out the application.