Australian Unity Freedom Saver
We currently don't have this product on Finder
- Maximum variable rate
- 4.35% p.a.
- Base interest rate
- 4.35% p.a.
Our verdict
Australian Unity's Freedom Saver offers a strong interest rate with no withdrawal and deposit conditions, plus zero monthly fees.
The Australian Unity Freedom Saver account has one of the higher ongoing interest rates on the market. And on top of that it has no monthly account fees and no withdrawal or deposit conditions. This means you can earn the maximum interest rate just by putting your savings in the account.
The only downside is that the interest rate decreases for higher balances. So any money you put there above $50,000 earns interest at a lower rate.
Pros
-
4.35% p.a. ongoing, standard variable rate
-
No deposit or withdrawal conditions
-
No monthly fees
Cons
-
Maximum interest rate only applies to the first $50,000
Details
Product details
| Product Name | Australian Unity Freedom Saver |
| Maximum Variable Rate | 4.35% p.a. |
| Standard Variable Rate | 4.35% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 16 |
Congratulations, Australian Unity!
The Australian Unity Freedom Saver won Best No Conditions Savings Account in the 2025 Finder Awards.
Full list of 2025 winnersHow 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
Documents you'll need
- Identification. This can be a driver's licence, passport or Medicare card.
- Your address. You'll need to provide your residential address.
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Your reviews
Richard Finder
Senior Money Editor
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Alison Banney Finder
September 10, 2025
Hi,
Yes, the Freedom Saver Account is required to have a linked Australian Unity Transaction Account. You will get both accounts at the same time when you complete the online application (you don’t have to do 2 x applications!).
Hope this helps,
Alison
Peter
May 05, 2025
What is a linked transaction account?
Alison Banney Finder
May 05, 2025
Hi, this is the bank account with Australian Unity that you’ll have open in your name along with the savings account. You can transfer money between your savings and bank account in order to then spend it with the debit card if you need.
Thanks,
Alison.
Peter
August 28, 2024
Does this savings account attract daily compound interest?
Sarah Megginson Finder
September 09, 2024
Hi Peter,
Yes, yes interest is calculated daily and paid monthly.
Hope this helps!
Peter
April 15, 2024
Do you provide govt deposit guarantee and if yes for how much?
Sarah Megginson Finder
April 23, 2024
Hi Peter, Yes Australian Unity is covered by the guarantee on balances up to $250,000 per person.
Tiffany
September 09, 2025
Just seeing if it “has” to have an everyday account linked or am I able to just create the online saver. (I am an NDIS support worker and asking on behalf of my participant. :) Thank you.