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IMB Reward Saver Account

Earn a competitive introductory bonus rate of 1.00% for 4 months to help give your savings a boost.

This account lets you earn bonus interest to meet your goals faster, with easy requirements that to meet. Earn up to 1.00% p.a. on balances of $5000 or more with the IMB Reward Saver Account by depositing at least $50 a month, and not making withdrawals.

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1.00% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameIMB Reward Saver Account
Maximum Variable Rate1.00% p.a.
Standard Variable Rate0.50% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age13

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

If you’ve got a balance above $5000, this account offers a bonus introductory rate of 1.00% for the first 4 months. After this you’ll earn the bonus interest rate of 0.5% each month you deposit $50 and make no withdrawals.

The interest offered with this account is less competitive than other accounts on the market, and the withdrawal restrictions do make this account less flexible than others too. However, the monthly deposit required is much lower than some other accounts, making it easier to get the bonus interest.

This account could be suited to you if you’ve got another account with IMB and want to keep your finances in the one place and easily move your money between accounts in the mobile app. This account could also be suited to you if you like to regularly move your savings between different savings accounts to take advantage of the attractive introductory rates.

Key features

Up to 1.00% p.a. for the first 4 months

The introductory rate delivers an additional 0.5% p.a. for the first 4 months, for accounts opened after 1 November 2019 with a total balance of $5,000 or more. This brings your total rate to 1.00% p.a..

0.5% variable bonus rate

After the introductory period, you'll earn 0.5% each month that you deposit at least $50 into the account and make no withdrawals.

Launch savings calculator

How to apply

You are not required to be a member of IMB before applying for the Reward Saver Account, but in ten minutes can have both the membership and bank account application completed.


  • Minimum age. You must be at least 13 years of age in order to open this account.
  • Residency requirements. Only Australian residents with an Australian residential address in Victoria, Queensland, South Australia or The Australian Capital Territory are able to apply.

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  1. Default Gravatar
    March 3, 2016

    No joint application? Does this mean a/c can only be held in 1 (one) persons name not a Mr and Mrs. Please confirm…tks

    • Avatarfinder Customer Care
      March 7, 2016

      Hi Renee,

      Thanks for your question.

      This is an error on our end, apologies for the inconvenience. The IMB Reward Saver is available for joint applications.

      Hope this helps.

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