Australian Unity's Freedom Saver ($50,000 - $250,000) has a competitive rate. But if you save beyond this amount you earn a lower rate on your whole balance.
The Australian Unity Freedom Saver account lets you earn a competitive rate on balances between $50,000 and $250,000. Learn more about this high interest savings account.
The Australian Unity Freedom Saver offers different rates depending on your account balance. If you save between $50,000 and $250,000 you can earn a rate of 5.1%. Apart from the balance requirement there are no other conditions required to get this rate.
If your balance exceeds $250,000 you will earn a lower interest rate on your whole balance.
| Product Name | Australian Unity Freedom Saver ($50,001 - $250,000) |
| Maximum Variable Rate | 5.10% p.a. |
| Standard Variable Rate | 5.10% p.a. |
Richard Finder
Editor
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Sarah Megginson Finder
June 11, 2024
Hi George,
Interest is calculated on your account balance daily, with interest payments made monthly.
Hope this helps!
Skye
May 27, 2024
‘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.’ – does it mean I can’t open a saving account while I’m overseas?
Sarah Megginson Finder
May 28, 2024
Hi Skye,
If you’re an Australian resident and can verify your identity online, and your phone is set up to receive international phone calls, you can apply online from overseas.
Fiona
May 08, 2024
Where can I find information on the tiered rates:
50,000
100,000
150,000
Sarah Megginson Finder
May 24, 2024
Hi Fiona,
Right now there is no difference between these tiers. With this account you can get a variable interest rate of 5.10% p.a. on balances between $50,000 and $250,000. Over $250k up to $500k, the rate is 5.0%. These rates are current as of today.
David
April 22, 2024
Sorry I’m confused, can you confirm for balances < $50,000 the interest is also 5.10%?
Sarah Megginson Finder
April 24, 2024
Hi David,
The rate changes slightly with each amount tier. Currently for balances below $50,000, the interest rate is 5.2%.
Hope this helps!
Pee
March 25, 2024
Are theses deposits guaranteed under the FCS (government-backed safety net for deposits of up to $250,000 per account holder)???
Sarah Megginson Finder
March 25, 2024
Hi Pee, yes Australian Unity Bank Limited is covered by the Australian Government guarantee on deposits.
George
June 02, 2024
Do you get interest monthly or yearly on amount up to $250,000