In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Australian Unity Freedom Saver ($250,001 – $500,000)

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Australian Unity Freedom Saver ($250,001 - $500,000)
Maximum variable rate
5.00% p.a.
Base interest rate
5%p.a.

Our verdict

Australian Unity's Freedom Saver ($250,001 - $500,000) has a competitive rate with no monthly fees and minimal conditions.

The Australian Unity Freedom Saver offers different rates depending on your account balance. If you save between $250,001 and $500,000 you can earn a rate of 5%. Apart from the balance requirement there are no other conditions required to get the rate.

If your balance exceeds $500,000 you will earn a lower interest rate on your whole balance.

Pros

  • Fairly competitive interest rate
  • No monthly fees

Cons

  • Higher rates apply for smaller balances only

In this guide

  • Our verdict
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Product details

Product Name Australian Unity Freedom Saver ($250,001 - $500,000)
Maximum Variable Rate 5.00% p.a.
Standard Variable Rate 5.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 16

Key features

Maximum variable interest rate of 5%

Australian Unity's Freedom Saver ($250,001 - $500,000) offers one interest rate based on your balance. If you've saved less than $250,001 you can get a slightly higher rate. But if you save beyond the $500,000 maximum you'll get a lower rate.

Aside from this there are no minimum deposits required each month and no withdrawal conditions.

Minimum and maximum balance

The Freedom Saver has no minimum balance. There is a maximum balance of $5,000,000.

But keep in mind that your balance determines your rate. You can only get the rate of 5% if your balance is between $250,001 - $500,000.

Government guarantee

Under the Financial Claims Scheme, customer bank balances are protected in the event a bank collapses, up to the value of $250,000. If you have $300,000 in an Australian Unity Freedom Saver account, this means only the first $250,000 is protected.


How to apply

You can apply online in a few minutes. Australian Unity will call you within 3 days to let you know if your application is approved.

Eligibility

You are eligible for the Australian Unity Freedom Saver account if:

  • You are 16 years of age or older
  • You are an Australian citizen or resident

Your reviews

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Richard Finder

Editor

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