In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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IMB Reward Saver Account

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Updated
Fact checked
IMB Reward Saver Account
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Maximum variable rate
5.25% p.a.
Base interest rate
0%p.a.
Minimum deposit
$50

Our verdict

Earn a total bonus rate of up to 5.25% for the first 4 months.

You can earn up to 5.25% for the first 4 months. This account has a low monthly deposit requirement, which should be easy for most savers to meet. But if you don't save this every month, or you withdraw any money, you won't get the interest benefits.

This account is suited to someone who probably has another IMB account and can easily put money in this account each month with a specific saving goal in mind.

Pros

  • No monthly account keeping fee
  • Can set up automatic transfers to easily meet deposit requirements

Cons

  • Bonus interest only awarded if you meet conditions
  • Tiered interest rate system

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name IMB Reward Saver Account
Maximum Variable Rate 5.25% p.a.
Standard Variable Rate 0.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $1
Minimum Age 13

Key features

The introductory rate delivers an additional 3.25% p.a. for the first 4 months, with a total balance of $5,000 or more. This brings your total rate to 5.25%. To earn this rate you need to deposit $50 per month and make no withdrawals.

3.25% variable bonus rate

After the introductory period, you'll earn 3.25% each month that you deposit at least $50 into the account and make no withdrawals.

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.

Eligibility

  • 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.

Compare other savings accounts

1 - 14 of 184
Updated regularly
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
AMP Saver Account
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
1.20%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1000 in previous month
Go to siteView details
Bank of Queensland Future Saver Account - 14 to 35 years
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
Go to siteView details
Macquarie Savings Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • 5 debit card purchases
Go to siteView details
Bendigo Bank Reward Saver
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.30%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • Requires Bendigo transaction account
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
4.70%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
St.George Maxi Saver
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.10%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
 Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online
First Option Bank Savings+Bonus Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
Go to siteView details
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
Go to siteView details
MyState Bank Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20
  • 5 debit card purchases
Go to siteView details
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Alison Finder

Editor

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Robert

March 12, 2024

Is there a maximum balance limit?


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Sarah Megginson Finder

March 25, 2024

Hi Robert, Interest is available for account balances up to $1,000,000.


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Renee

March 03, 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


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Shirley Liu Finder

March 06, 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.


Avatar

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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