Volt Save Account Review
Earn a competitive variable interest rate of 1% on your savings with no account conditions to meet
The Volt Save account is a high-interest savings account with no strings attached. You'll earn the full variable rate on your savings each month, with no deposit conditions or withdrawal limits to meet. The Volt app also offers tools and features to help you develop a good savings habit.
This savings account offers the following features:
Competitive maximum interest rate
The Volt Save account offers a very competitive base interest rate of 1%. This rate is offered ongoing and there's no monthly deposit conditions to meet or withdrawal restrictions to stick to.
No withdrawal restrictions
Some savings accounts only offer interest, or bonus interest, when you make no withdrawals from the account. The Volt Save account allows you to withdraw money whenever you need to, without impacting your interest rate. You'll earn the full 1% each month.
Earn interest on balances up to $245,000
You'll earn the full interest rate on your savings for balances up to $245,000. This balance limit is much higher than other savings accounts in the market, with some only paying the full interest rate on balances up to $50,000 or $100,000.
Tools to help you save
The Volt app has tools and games to help you develop a good savings habit and stick to your savings goal.
Australian Government Guarantee Scheme
Your deposit up to $250,000 with Volt is covered under the Australian Government Guarantee Scheme. So if something were to happen to Volt, your deposit up to this value will be protected.
How to apply
How to open a Volt Save account
You can join the waitlist on Volt's site and you'll be invited to open an account when you get to the top of the waitlist. Or, you can wait for the public launch in early 2020.
To be eligible for a Volt account you must be over 18 years old and an Australian resident for tax purposes. This account is for personal use only (not for business use).