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Great Southern Bank Home Saver Account

Earn an ongoing bonus rate of 0.95% when you meet the account criteria.

To earn bonus interest you need to link your Home Saver Account to a Great Southern Bank Everyday Snap Account, deposit at least $2,000 a month and make 5 or more transactions from your Everyday Snap account each month. You can make withdrawals and still be eligible for bonus interest.

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Alison Banney
Last Updated

0.95% p.a.

Maximum variable rate

0.05%p.a.

Base interest rate

$2,000

Minimum deposit

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Details

Product NameGreat Southern Bank Home Saver Account
Maximum Variable Rate0.95% p.a.
Standard Variable Rate0.05%
Monthly Account Fee$0
Minimum Age18
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Review by

Alison Banney is the banking and investments 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.

Expert review

This account offers an ongoing bonus rate of 0.95% 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.

Key features

Bonus interest rate up to 0.95%

This account offers an ongoing bonus rate of 0.95% when the account criteria are met.

To earn bonus interest you need to link your Home Saver Account to an Everyday Snap Account, deposit at least $2,000 a month and make 5 or more transactions from your Everyday Snap 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.

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 Snap Account if you want to qualify for bonus interest.

Eligibility

  • 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.
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