
Get exclusive money-saving offers and guides
Straight to your inbox
This account lets you earn bonus interest to meet your goals faster, with easy requirements that to meet. Earn up to 1.2% 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.
1.2% p.a.
Maximum variable rate
0.55%p.a.
Base interest rate
$50
Minimum deposit
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | IMB Reward Saver Account |
---|---|
Maximum Variable Rate | 1.2% p.a. |
Standard Variable Rate | 0.55% |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $1 |
Minimum Age | 13 |
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.
If you’ve got a balance above $5000, this account offers a bonus introductory rate of 1.2% for the first 4 months. After this you’ll earn the bonus interest rate of 0.55% 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.