Hume Bank Reward Saver

Hume Bank Reward Saver

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Maximum Variable Rate

1.86

Standard Variable Rate

0.01

A savings account with up to 1.85% bonus interest to give your balance an extra boost.

  • No account keeping fees
  • Internet and phone banking
  • Low monthly deposit required for bonus interest

Product details

This account has no account keeping fees and pays a high, competitive bonus interest rate when you meet the conditions, helping to give your savings an extra boost. You can open an account with as little as $1, meaning you can get started today.

To receive the bonus interest, all you need to do is make a small monthly deposit and no withdrawals - think of it as an incentive to save!

Product Name
Hume Bank Reward Saver
Maximum Variable Rate
1.86% p.a.
Standard Variable Rate
0.01% p.a.
Bonus Variable Rate
1.85% p.a.
Introductory / Bonus Offer Conditions
Bonus interest rates of 1.85% in addition to the current base interest rate of 0.01% by simply depositing a minimum of $10 and making no withdrawals each month.
Monthly Fee
$0
Minimum Opening Deposit
$1
Minimum monthly deposit for bonus interest rate
$10
Internet Banking
Yes
Phone Banking
Yes
There are no account keeping fees with this account.

You receive two fee-free branch withdrawals per month with this account, however making withdrawals means you will forfeit your bonus interest for that month.

Pros

  • No account keeping fees
  • Internet and phone banking
  • Low monthly deposit required for bonus interest

Cons

  • If you're not a member of Hume Bank, you can not apply for this account online
  • If you make a withdrawal you will not receive the bonus interest

If you're already a member of Hume Bank you can apply online for this account. If you are not a member, you will need to visit a local branch with ID such as a drivers licence or passport in order to apply for this account.

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