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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.
1.30% p.a.
Maximum variable rate
0.05%p.a.
Base interest rate
$2,000
Minimum deposit
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Product Name | Great Southern Bank Home Saver Account |
---|---|
Maximum Variable Rate | 1.30% p.a. |
Standard Variable Rate | 0.05% p.a. |
Monthly Account Fee | $0 |
Minimum Age | 18 |
Review by
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.