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 ($50,000 – $250,000)

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Australian Unity Freedom Saver ($50,000 - $250,000)
Maximum variable rate
5.10% p.a.
Base interest rate
5.1%p.a.

Our verdict

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.

Pros

  • 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

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.

Details

Product details

Product Name Australian Unity Freedom Saver ($50,000 - $250,000)
Maximum Variable Rate 5.10% p.a.
Standard Variable Rate 5.10% p.a.

Key features

Maximum variable interest rate of 5.1%

Australian Unity's Freedom Saver ($50,000 - $250,000) offers one interest rate based on your balance. If you've saved less than $50,000 or more you can get a slightly higher rate. But if you save beyond $250,000 you'll get a lower rate on the whole amount.

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 .


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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Ask a question

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Richard Finder

Editor

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Avatar

George

June 02, 2024

Do you get interest monthly or yearly on amount up to $250,000


Avatar

Sarah Megginson Finder

June 11, 2024

Hi George,


Interest is calculated on your account balance daily, with interest payments made monthly.


Hope this helps!


Avatar

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?


Avatar

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.


Avatar

Fiona

May 08, 2024

Where can I find information on the tiered rates:

50,000

100,000

150,000


Avatar

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.


Avatar

David

April 22, 2024

Sorry I’m confused, can you confirm for balances < $50,000 the interest is also 5.10%?


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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!


Avatar

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)???


Avatar

Sarah Megginson Finder

March 25, 2024

Hi Pee, yes Australian Unity Bank Limited is covered by the Australian Government guarantee on deposits.


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